907 W 17th St Los Angeles, CA 90015
Pico-Union NeighborhoodEstimated payment $15,345/month
Highlights
- Corner Lot
- No HOA
- 4-minute walk to Toberman Park
About This Lot
Incredible opportunity to build a fully RTI-approved 39-unit affordable housing project in the heart of Pico-Union. Located on a 7,406 SF R3-zoned lot with Tier 8 TOC designation—offering the HIGHEST LEVEL of CITY INCENTIVES. Approved plans include 30 one-bedroom units and 9 studios, totaling approx. 16,157 SF of rentable space and 19,008 SF total building area. Projected monthly income is approx. $104,832 based on updated HACLA payment standards: $3,108 for studios and $3,480 for 1-bedrooms (ZIP code-specific Section 8). This is a rare, shovel-ready opportunity for investors seeking strong returns, premium incentives, and long-term stability in one of LA’s most transit-connected and high-demand rental submarkets. Close to DTLA, USC, Koreatown, public transportation, and major freeway
Listing Agent
Sync Brokerage Brokerage Phone: 818-723-9071 License #02021891 Listed on: 04/29/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $39,597
Lot Details
- 6,258 Sq Ft Lot
- Corner Lot
- Property is zoned LAR3
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 5 / 11
- Assessor Parcel Number 5135028007
- $1,434 per year additional tax assessments
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $39,597 | $3,244,988 | $961,476 | $2,283,512 |
| 2024 | $39,597 | $3,181,362 | $942,624 | $2,238,738 |
| 2023 | $38,843 | $3,118,984 | $924,142 | $2,194,842 |
| 2022 | $37,058 | $3,057,828 | $906,022 | $2,151,806 |
| 2021 | $36,535 | $2,997,871 | $888,257 | $2,109,614 |
| 2019 | $35,449 | $2,908,955 | $861,912 | $2,047,043 |
| 2018 | $35,270 | $2,851,917 | $845,012 | $2,006,905 |
| 2016 | $33,609 | $2,741,175 | $812,200 | $1,928,975 |
| 2015 | $33,123 | $2,700,000 | $800,000 | $1,900,000 |
| 2014 | -- | $1,741,872 | $409,852 | $1,332,020 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | Price Changed | $2,200,000 | 0.0% | -- |
| 05/29/2025 05/29/25 | Price Changed | $1,145 | 0.0% | $7 / Sq Ft |
| 04/29/2025 04/29/25 | For Sale | $2,340,000 | 0.0% | -- |
| 04/27/2025 04/27/25 | Price Changed | $1,250 | +4.6% | $8 / Sq Ft |
| 04/25/2025 04/25/25 | Price Changed | $1,195 | 0.0% | $7 / Sq Ft |
| 04/04/2025 04/04/25 | Price Changed | $1,195 | -7.7% | $7 / Sq Ft |
| 03/22/2025 03/22/25 | Price Changed | $1,295 | -4.1% | $8 / Sq Ft |
| 03/06/2025 03/06/25 | Price Changed | $1,350 | +4.2% | $8 / Sq Ft |
| 11/22/2024 11/22/24 | Price Changed | $1,295 | -7.2% | $8 / Sq Ft |
| 10/09/2024 10/09/24 | For Rent | $1,395 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Grant Deed | -- | Fidelity National Title Co | |
| Grant Deed | -- | Fidelity National Title Co | |
| Grant Deed | -- | Provident Title | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | Lawyers Title | |
| Grant Deed | -- | Provident Title Company | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Quit Claim Deed | -- | Landamerica Lawyers Title | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | Fidelity National Title Ins | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | Lawyers Title | |
| Grant Deed | -- | North American Title Co | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $6,750,000 | Commercial | |
| Closed | $4,250,000 | Commercial | |
| Closed | $195,000 | Commercial | |
| Closed | $2,520,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $400,000 | Commercial | |
| Previous Owner | $1,450,000 | Commercial | |
| Previous Owner | $170,000 | Commercial | |
| Previous Owner | $170,000 | Commercial | |
| Previous Owner | $105,000 | Commercial | |
| Previous Owner | $1,375,000 | Commercial | |
| Previous Owner | $100,000 | Commercial | |
| Previous Owner | $910,000 | Commercial | |
| Previous Owner | $1,098,500 | Commercial | |
| Previous Owner | $320,000 | Commercial | |
| Previous Owner | $750,000 | Commercial | |
| Previous Owner | $79,687 | Commercial | |
| Closed | $80,780 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25094654
APN: 5135-028-006
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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