1327 West Boulevard, Los Angeles, CA 90019
Property · 2 recorded sales since 2022
Sold July 2025
Listing Agent: Rana Khanjani (DRE #02021891) · Listing Office: Sync Brokerage · Contact: 818-723-9071 · Bought with: Julian Nan · Julian Nan · MLS #SR25094278 · Source: CRMLS
About this property
Fully RTI-approved project in a high-demand, transit-accessible pocket of Mid-Wilshire. This 7,406 SF R4-zoned lot (TOC Tier 2) comes with Ready-To-Issue permits for a 27-unit 100% affordable housing development, including 26 one-bedroom units and one studio. Approved plans offer approximately 12,940 SF of rentable space and 15,360 SF of gross building area. Projected monthly income is approximately $62,928, based on HACLA Section 8 rents—offering strong long-term cash flow and attractive cap rate potential. Located in 90019, a centrally located, rapidly growing neighborhood with easy access to major employment hubs including Downtown LA, Culver City, and Beverly Hills. The property is close to public transit, Metro lines, and major freeways, making it ideal for tenants who value connectivity. Surrounded by a strong rental market, cultural amenities, retail, and dining—this is a standout opportunity for developers and investors seeking a fully entitled, shovel-ready affordable housing project in a thriving Los Angeles location.
Listing description from the July 2025 sale, as reported to CRMLS.
Sale history
