$1,150,000
Los Angeles, CA 90016
12
Beds
10
Baths
4,845
Sq. Ft.
1928
Year Built
Los Angeles
County
SingleFamilyResidence
Property Type
SHOVEL-READY RTI DEVELOPMENT OPPORTUNITY IN PRIME MID-CITY! A rare opportunity for a developer or investor to step into 2214 S Spaulding Ave with the heavy lifting already completed. Offered with approved RTI plans for a thoughtfully designed 4 UNIT development consisting of a front duplex and two detached ADUs, creating a total of 12 bedrooms and 10 bathrooms across approximately 4,845 SF of proposed living area. With plans approved and Ready-to-Issue, the next developer can bypass the lengthy design and plan-check process and move directly toward pulling permits and beginning construction. The approved project features two spacious 3-bedroom, 3-bath residences in the front duplex, complemented by two detached 3-bedroom, 2-bath ADUs, all designed with contemporary architecture and highly functional layouts. The combination of four family-sized units provides multiple potential exit strategies, whether the goal is to build and hold as an income-producing asset or develop for resale. Located in one of Central Los Angeles’ most desirable infill corridors, the property sits in Mid-City near the Culver City/Westside corridor, with convenient access to Culver City, West Adams, Beverly Hills, USC/Exposition Park, Downtown Los Angeles, and the 10 Freeway. Skip the year of planning and entitlement work and take over a project positioned for construction. Plans and additional development information available upon request.
$6,121/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.