Commercial Property on 24ksf of LAC2 Land | 4420 S Broadway
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Commercial Property on 24ksf of LAC2 Land 4420 S Broadway
12,749 SF Retail Building Los Angeles, CA 90037 £2,406,632 (£189/SF)
Investment Highlights
- 24,716sf LAC2-2D- CPIO Tier 3 TOC development site.
- As a market rate Tier 3 TOC development site, the property has potential for a maximum of 106 units.
- ED1 eligible, providing a developer with unlimited density and an expedited approval process for a 100% affordable housing project.
- Multiple reports in possession, including survey and environmental reports.
Executive Summary
We are pleased to present 4420 S Broadway, a 24,716sf LAC2-2D- CPIO Tier 3 TOC development site located along the trending Broadway corridor! Existing improvements consist of a 12,749sf commercial building, with all current tenants on Month-to- Month leases and an enormous parking lot in the rear of the existing building!
As a development site, the property is ED1 eligible, providing a developer with unlimited density and an expedited approval process for a 100% affordable housing project, with other similar sized sites allowing for 150+ affordable units. As a market rate Tier 3 TOC development site, the property has potential for a maximum of 106 units.
In the event you are not a developer, the existing 12,749sf of building size provides opportunity for a local owner-user or non-profit to occupy the entire building to operate their business and/or provide services to the local community.
Located near the intersection of Broadway and Vernon Ave, the property has ease of access to the 110 Freeway, DTLA, the South Bay, and USC! The Seller has multiple reports in their possession, including survey and environmental reports.
Contact the listing broker for additional information.
As a development site, the property is ED1 eligible, providing a developer with unlimited density and an expedited approval process for a 100% affordable housing project, with other similar sized sites allowing for 150+ affordable units. As a market rate Tier 3 TOC development site, the property has potential for a maximum of 106 units.
In the event you are not a developer, the existing 12,749sf of building size provides opportunity for a local owner-user or non-profit to occupy the entire building to operate their business and/or provide services to the local community.
Located near the intersection of Broadway and Vernon Ave, the property has ease of access to the 110 Freeway, DTLA, the South Bay, and USC! The Seller has multiple reports in their possession, including survey and environmental reports.
Contact the listing broker for additional information.
Property Facts
Sale Type
Investment
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,749 SF
Building Class
C
Year Built
1927
Price
£2,406,632
Price Per SF
£189
Tenancy
Multiple
Number of Floors
2
Building FAR
0.51
Lot Size
0.58 AC
Zoning
LAC2
Parking
20 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5110-002-005 | Improvements Assessment | £615,744 |
| Land Assessment | £1,970,380 | Total Assessment | £2,586,124 |
PROPERTY TAXES
Parcel Number
5110-002-005
Land Assessment
£1,970,380
Improvements Assessment
£615,744
Total Assessment
£2,586,124
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Commercial Property on 24ksf of LAC2 Land | 4420 S Broadway
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