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.
MLS# | 24451529 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1908 |
Days On Site | 32 |
Listing Provided By | Kidder Mathews of California, Inc. 858-369-3010 | Casey Lins |
SQ Feet | 12,749 |
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Story(s) | 2 |
Zoning | LAC2 |
Acreage | 0.57 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90037 |
Area | C42 Downtown L.A. |
Listing VS Median (in 90037) | |
Price: $2,990,000 low | high Med: $775,000 SqFt: 12,749 low | high Med: 1,288 $ / SqFt: $235 low | high Med: $602 On Site: 32 low | high Med: 28.000000 |