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1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
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$1,450,000

1627 Oak Street, Los Angeles, CA, 90015

ACTIVE
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1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
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1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
1627 Oak Street, Los Angeles, CA, 90015
Listing Agent: Daniel Shamooelian
Listing Office: Keller Williams Beverly Hills
Attribution contact: 310-651-1800

Information

Price: $1,450,000
Days On Market: 10
MLS ID: 26670455
Status: Active

Details

Address: 1627 Oak Street
County: Los Angeles
City: Los Angeles
Zip: 90015
State: California

Description

Keller Williams Commercial is pleased to present for sale a rare ED1 100% affordable housing RTI development opportunity in the heart of Pico Union, just minutes from Downtown Los Angeles. The project is fully entitled for 39 units and is located within a Section 8 Tier 4 submarket (the highest Section 8 payment tier!), offering enhanced revenue potential and a streamlined path to construction. Approved plans include 30 one-bedroom units, 5 studios, and 4 ADUs, totaling approximately 23,771 square feet of building area. The unit mix consists of 27 units reserved for low-income households, 7 units reserved for moderate-income households, and 5 market-rate units. The subject property is vacant land, eliminating any tenant relocation requirements and further reducing development risk. With RTI permits secured and ED1 advantages in place, the project is truly shovel-ready, allowing a developer to break ground immediately without the time and uncertainty of the entitlement process. Ideally located just minutes from LA Live, Convention Center, and a wide range of shopping and dining amenities, the property sits in one of LA's most active and supply-constrained rental corridors. With strong demand for affordable housing, premium voucher levels, and favorable ED1 incentives, this offering presents a compelling opportunity to deliver a high-density project in a prime infill location. Contact listing agent for more details or set of approved plans!

Location

Listed By

Listing Agent

Daniel Shamooelian

daniel@dsrealestate.com
310-651-1800
Keller Williams Beverly Hills

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The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 24th April, 2026 10:47 PM (UTC)

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The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 24th April, 2026 10:47 PM (UTC)