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8426 S Broadway - 100% Affordable 22 Units Ready to Build

0.17 Acres of Commercial Land Offered at £770,965 in Los Angeles, CA 90003

INVESTMENT HIGHLIGHTS

  • Ready to Break Ground (RTI)
  • Vacant Corner Lot with No Leases
  • Cost Effective On-Grade Construction: Only 3 Floors
  • No Relocation or Demolition Costs

EXECUTIVE SUMMARY

Reduced over $200,000. Now 45K Per Door: RTI, shovel ready project for 22 units in South LA. This project is 100% affordable and features a cost effective on-grade construction with only 3 floors. The lot has been vacated of all tenants, and the old building has been demolished, leaving a vacant corner lot. The unit mix consists of 19: 1 + 1’s, 2 singles, and one 2 bedroom units.

PROPERTY FACTS

Price £770,965 Property Subtype Commercial
Sale Type Investment Proposed Use
Multifamily
  • Apartment Units
No. Lots 1 Total Lot Size 0.17 AC
Property Type Land
Price £770,965
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.17 AC

1 LOT AVAILABLE

Lot 1

Price £770,965 Lot Size 0.17 AC
Price Per AC £4,623,256.29
Price £770,965
Price Per AC £4,623,256.29
Lot Size 0.17 AC
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PROPERTY TAXES

Parcel Number 6040-002-003 Improvements Assessment £136,420
Land Assessment £401,235 Total Assessment £537,655

PROPERTY TAXES

Parcel Number
6040-002-003
Land Assessment
£401,235
Improvements Assessment
£136,420
Total Assessment
£537,655

ZONING

Zoning Code LAC2 (Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses)
LAC2 (Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses)
(310) 422-8052

CONTACT

  • Listing ID: 32825023

  • Date on Market: 15/08/2024

  • Last Updated:

  • Address: 8426 S Broadway, Los Angeles, CA 90003

The Canndu/Avalon Gardens Land Property at 8426 S Broadway, Los Angeles, CA 90003 is currently available. Contact Marcus & Millichap for more information.

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8426 S Broadway - 100% Affordable 22 Units Ready to Build
(310) 422-8052 x

8426 S Broadway - 100% Affordable 22 Units Ready to Build

Jon Emrani

(310) 422-8052

(310) 422-8052

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