5615 S Broadway
Los Angeles, CA 90037
0.13 acres | #24411611
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.
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jessica Hoffman (#CLW-C127688)
Listing Office: Coldwell Banker Realty (#CLW-B2000101)
Listing Courtesy (Buyer)
Buyer's Agent: Andrianna Chakava (#CLW-C137033)
