18811 Colima Road presents a fully-designed, density-bonus-approved 105-unit apartment development on a 1.07-acre hard corner in Rowland Heights, in the heart of the San Gabriel Valley. The project carries an approved Administrative Housing Permit (RPPL2023003872) with every density-bonus waiver granted, and a complete architectural, structural, civil, and MEP construction-document set — a buyer steps into a shovel-ready (RTI) entitlement with the entire design and approval runway already retired.
The approved program stacks four stories of Type V-A residential over a two-level Type I-A concrete parking podium, delivering 84 density-bonus apartments plus 21 ADUs for 105 total income units, 144 parking stalls, a Level-2 podium courtyard, clubhouse, gym, and dog run. The seller estimates remaining permits & fees of $1,167,190 to convert the approved plans into an issued building permit.
Administrative Housing Permit RPPL2023003872 is granted with all five density-bonus waivers, and the full construction-document set is complete. Years of design and discretionary-approval risk are already behind the project.
84 density-bonus apartments plus 21 state ADUs — an effective density (~98 du/ac of buildable area) that is difficult to replicate in low-density Rowland Heights.
57 one-bedroom + 27 two-bedroom homes plus 21 ADUs. Only 6 deed-restricted ELI units unlock the 55% density bonus — the balance (~98%) is market-rate.
Hard-corner visibility at Colima Road & Paso Real Avenue, with SR-60 access, in a San Gabriel Valley rental submarket that sees very little new multifamily delivery.


The approved program delivers 84 density-bonus apartments (57 one-bedroom and 27 two-bedroom homes) plus 21 accessory dwelling units, for 105 total income-producing units. State density-bonus law and the ADU statute together push effective density well beyond the base entitlement.
| Type | Beds | Avg SF | Count |
|---|---|---|---|
| A | 1 | 695 | 24 |
| A1 | 1 | 688 | 4 |
| B | 1 | 578 | 8 |
| C | 1 | 692 | 4 |
| D | 1 | 693 | 16 |
| E | 1 | 522 | 1 |
| F | 2 | 989 | 8 |
| G | 2 | 1,021 | 8 |
| H | 2 | 1,014 | 4 |
| I | 2 | 1,089 | 4 |
| J | 2 | 1,085 | 3 |
| Total | — | 66,181 SF | 84 |
The heavy lifting is done. The project holds an approved Administrative Housing Permit (RPPL2023003872) with every requested density-bonus waiver granted, plus a complete multidisciplinary construction-document set. A buyer acquires a designed, approved, near-ready-to-issue project — not raw entitlement risk.
| Approved Density-Bonus Waiver | By-Right Standard | Approved |
|---|---|---|
| Building height | 35′-0″ | 74′-0″ |
| Lot coverage | 40% | 79% |
| Front setback (Colima) | 20′-0″ | 3′-0″ |
| Corner setback (Paso Real) | 5′-0″ | 1′-0″ |
| CSD residential buffer | 59′ additional | 7′-6″ provided |
| Podium-level landscaping | Ground-level | 48% on podium |
Approved, near-RTI multifamily development land is valued primarily on the entitlement it delivers — benchmarked on a per-unit, per-land-SF, and per-buildable-SF basis against comparable entitled / RTI apartment-site trades, then cross-checked against a residual analysis of stabilized value net of remaining cost to build. The metrics below frame where this offering sits at the indicated value band.
The 55% density bonus and 21 ADUs are approved — a buyer pays for delivered units, not the risk of pursuing them. This supports the upper end of the per-unit band.
A full, coordinated CD set and granted waivers compress the buyer’s timeline to permit issuance to the ~$1.17M fee payment, commanding a premium over raw-entitlement land.
Rowland Heights / east SGV sees little new multifamily delivery; 105 income units of new product is difficult to replicate, supporting rent durability and exit liquidity.
Buyer underwrites ~$1.17M in fees plus hard and soft construction costs against stabilized value. Land value is the residual — the band reflects current SGV costs and exit cap rates.
The LAAA Team at Marcus & Millichap is one of the most active development land teams in Los Angeles — 15 development listings, 1,582 buildable units, and $75M+ in volume currently across greater Los Angeles and Southern California. The full land book is below; click any property for its offering.















16830 Ventura Blvd, Suite 100, Encino, CA 91436 · laaa.com