957-967 Arapahoe St - 109-Unit Mixed-Income Project, RTI at COE

Partners CRE is pleased to offer a Ready-to-Issue (RTI) Development Opportunity at 957-967 S Arapahoe Street, Los Angeles, CA. This 25,658 square foot property, spanning three lots in the Wilshire Community Plan Area, is zoned R4-1 for High Medium Residential use, ideal for a Transit Oriented Communities (TOC) Tier 3 project. Notably, two of the lots currently have existing structures, offering additional flexibility and income in preparation for a construction project.
The approved development consists of a five-story, 109-unit Affordable Apartment Project, encompassing a total of around 66,040 square feet of Residential Space. The project includes a well-balanced unit mix of 63 Studios, 40 One-Bedroom units, and 6 Two-Bedroom units, designed to accommodate a diverse range of residents, from single professionals to small families. The building is designed with Type III-A construction over a Type I-A subterranean garage.
The project benefits from AB2097, requiring no mandatory parking, but provides 60 parking spaces, including designated EV charging stations and ADA-compliant parking spaces. The property is just under a mile to the Metro Subway Station. Residents will enjoy 3,178 square feet of rear-yard open space, a courtyard, roof decks, a fitness center (ADU possibility), and private balconies, all contributing to a well-rounded living experience.
Situated in a walkable, transit-rich neighborhood, the property is close to schools, parks, retail, and public transportation. The RTI Plan Checks streamline the development process, offering a quick ramp-up opportunity for Developers to quickly capitalize on the growing demand for housing in Los Angeles.