4420 S Broadway 5110002005
Los Angeles, CA, 90037
$2,990,000
Beds
0 Baths
SqFt
0.57 Acres
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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. The Seller has multiple reports in their possession, including survey and environmental reports. Contact the listing broker for additional information.

Property Details

Price:
$2,990,000
MLS #:
24451495
Status:
Active
Baths:
0
Address:
4420 S Broadway 5110002005
Type:
Land
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Oct 10, 2024
State:
CA
ZIP:
90037
Lot Size:
24,716 sqft / 0.57 acres (approx)
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4420 S Broadway 5110002005
Los Angeles, CA