$ 2,150,000
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$2,150,000
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SqFt
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About the Listing CLW-X80172 - CLW-C109472
A rare shovel-ready development opportunity in South Los Angeles with permits ready to be issued for immediate construction of a value-engineered, affordable housing multi-unit project. This corner lot is fully entitled for a four-story, 50-unit residential building consisting of all large one-bedroom units (49 affordable + 1 manager unit) with alley access in the rear and no existing structures, eliminating relocation or demolition costs. The approved plan utilizes cost-efficient Type V wood-frame construction with elevator access, optimizing build costs and long-term returns for developers and investors. The site also includes future potential to add up to 3 accessory dwelling units (ADUs) for additional income. Positioned in a transit-oriented neighborhood with strong rental fundamentals, the property is minutes from the 110 Freeway, Downtown Los Angeles, and USC and surrounded by multiple new construction projects, reinforcing demand in this underserved market. Delivered vacant and permits approved, this project offers both immediate build capacity and enduring market appeal for affordable housing investment.
Listing Highlights
Status
Active
Days on Site
32
Property Type
Commercial Sale
MLS ®
26659161
Year Built
Total Square Footage
0
Lot/Acreage
0.21
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
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- Below Ground Sq Ft: n/a
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Exterior Details
- Lot Description: Corner Lot,Street Level,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAC2
- Roof:
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Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6005001022
- Tax Year: N/A
Payment Calculator
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Questions About..
6401 S Broadway Los Angeles, CA 90003
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