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5615 S Broadway

Los Angeles, CA 90037
  • $699,000
  • STATUS: Pending
  • ON SITE: 15 Days
  • MLS #: 24-411611
Pending
UPDATED: 84 min ago
$699,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Attention Developers and Investors! Rare opportunity to purchase a vacant lot that is zoned for commercial and residential, C2-1VL-CPIO, TOC Tier 3. The demolition has been completed and signed off by the City. This property is ready for entitlements and has no parking requirements. The possibilities are endless, with the ability to build retail, an apartment building, duplex, triplex, or fourplex. Use the land for storage, build the perfect place to operate your business, or build your dream home and add an ADU. 100% residential is permitted in this area. Centrally located to the 110 and 10 freeways, this property is an easy commute for future tenants to anywhere in the LA area and is well positioned to demand high rents. There are plans close to RTI, available to be sold separately, for a total of 13 apartment units, consisting of (11) market rate 1+1s, (1) affordable 1+1, and (1) affordable 3+1. Priced to sell quickly, don't miss out on the chance to turn this land into a cash cow. Buyer shall complete their own due diligence to determine the development potential and zoning.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-21T17:43:13.637. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/152340783
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5615 S Broadway Los Angeles, CA 90037

  • Price: $699,000
  • Status: Pending
  • On Site: 15 Days
  • Updated: 84 min ago
  • MLS #: 24-411611
0
Beds
0
Baths
0
½ Baths
0.13
Acres
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Attention Developers and Investors! Rare opportunity to purchase a vacant lot that is zoned for commercial and residential, C2-1VL-CPIO, TOC Tier 3. The demolition has been completed and signed off by the City. This property is ready for entitlements and has no parking requirements. The possibilities are endless, with the ability to build retail, an apartment building, duplex, triplex, or fourplex. Use the land for storage, build the perfect place to operate your business, or build your dream home and add an ADU. 100% residential is permitted in this area. Centrally located to the 110 and 10 freeways, this property is an easy commute for future tenants to anywhere in the LA area and is well positioned to demand high rents. There are plans close to RTI, available to be sold separately, for a total of 13 apartment units, consisting of (11) market rate 1+1s, (1) affordable 1+1, and (1) affordable 3+1. Priced to sell quickly, don't miss out on the chance to turn this land into a cash cow. Buyer shall complete their own due diligence to determine the development potential and zoning.
Exterior Features

Lot Size Area 5628 Topography Flat View Description City View YN Yes

Property Features

Cable YN Yes Disclosures As IsListing Broker AdvantageLA/Owner Related Electric In Street Potential Usage single familyretailmultifamily - approximately 13 residential units with 7 parking spacesduplextriplexor fourplex. Present Use Vacant Lot Sale Type Standard Sewer On Site Site Description City Source Lot Size Area Vendor Enhanced Zoning LAC2

Listing provided courtesy of Jessica Hoffman DRE#02026293 of Coldwell Banker Realty: 310-777-6200.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-21T17:43:13.637. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210