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

0.17 Acres of Commercial Land Offered at $1,200,000 in Los Angeles, CA 90003

Commercial Land California Los Angeles 8426 S Broadway, 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

Marcus and Millichap is pleased to present an 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 lot. The unit mix consists of 19: 1 + 1’s, 2 Singles and one 2 bedroom units.

Property Facts

Price $1,200,000 Property Subtype Commercial
Sale Type Investment Proposed Use
Multifamily
  • Apartment Units
No. Lots 1 Total Lot Size 0.17 AC
Property Type Land
Price $1,200,000
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 $1,200,000 Lot Size 0.17 AC
Price Per AC $7,196,057
Price $1,200,000
Price Per AC $7,196,057
Lot Size 0.17 AC
1 of 1

PROPERTY TAXES

Parcel Number 6040-002-003 Improvements Assessment $176,868
Land Assessment $520,200 Total Assessment $697,068

PROPERTY TAXES

Parcel Number
6040-002-003
Land Assessment
$520,200
Improvements Assessment
$176,868
Total Assessment
$697,068

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) 909-5478

  • Listing ID: 32825023

  • Date on Market: 8/15/2024

  • Last Updated:

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

More public record information on 8426 S Broadway, Los Angeles, CA 90003

The Land Property at 8426 S Broadway, Los Angeles, CA 90003 is currently available For Sale. Contact Marcus & Millichap for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

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8426 S Broadway - 100% Affordable 22 Units Ready to Build
(310) 909-5478 x

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

Jon Emrani

(310) 909-5478

(310) 909-5478

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