Property Detail

Description

Development and value-add opportunity on S Broadway in South Los Angeles. This property is a 6,560 SF building on a 5,480 SF lot zoned LAC2, which allows up to 13 units by-right in 2 stories. Builders and developers can pursue a multifamily project without discretionary approvals. Value-add investors and owner-users can rehab the existing structure. Seller financing is available with a down payment. Built in 1927 and formerly used for religious services, the building needs a full rehab and is being sold as-is. The site has street frontage on Broadway near a signalized intersection and is surrounded by multifamily and commercial uses. It is close to public transit, schools, shopping and the 105 Freeway. Buyer to independently verify zoning, density, entitlements and all property information. Buyer to verify zoning, buildable unit count and all square footages with LADBS / City Planning.