1511 S New Hampshire Ave, Los Angeles, CA 90006 (MLS # SR26189486)
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**PRICED TO SELL** 4-UNIT RTI DEVELOPMENT OPPORTUNITY WITH PAID PERMITS | SB8 CLEARED | SHOVEL READY | DELIVERED VACANT. Exceptional investment opportunity in the Pico-Union/Koreatown corridor featuring an existing vacant triplex on a 6,290 SF corner lot. The property includes fully approved RTI plans and approximately **$70,000 in paid permits**, allowing a developer to begin construction without the lengthy entitlement process. The approved project offers approximately 8,202 SF of gross building area with an attractive unit mix consisting of **Four Townhome Units w/ Attached 2-Car Garage** - Two 5-bed (plus office) / 5-bath units and Two 4-bed / 5-bath units. Each unit features en-suite bathrooms throughout and a private two-car garage, making the project well suited for co-living, student housing, or high-demand rental use. Additional ADU potential may exist, subject to buyer verification and applicable city requirements. Centrally located near Koreatown, Downtown Los Angeles, USC, and the I-10 and I-110 freeways. An excellent build-to-sell or long-term investment opportunity. Renderings are conceptual and may not reflect the final approved plans. Buyer to independently verify all plans, permits, square footage, development potential, and ADU feasibility.
| DAYS ON MARKET | 1 | LAST UPDATED | 8/31/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | C17 - Mid-Wilshire |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| ADDITIONAL DETAILS | |
| AREA | C17 - Mid-Wilshire |
|---|---|
| LOT | 6290 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 6290 |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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