Development and value-add opportunity on S Broadway in South Los Angeles. This property is a 6,560 SF building on a 5,480 SF lot zoned LAC2, which allows up to 13 units by-right in 2 stories. Builders and developers can pursue a multifamily project without discretionary approvals. Value-add investors and owner-users can rehab the existing structure. Seller financing is available with a down payment. Built in 1927 and formerly used for religious services, the building needs a full rehab and is being sold as-is. The site has street frontage on Broadway near a signalized intersection and is surrounded by multifamily and commercial uses. It is close to public transit, schools, shopping and the 105 Freeway. Buyer to independently verify zoning, density, entitlements and all property information. Buyer to verify zoning, buildable unit count and all square footages with LADBS / City Planning.
Listing courtesy of Listing Agent: Danny Navarro (dannynteam@gmail.com) from Listing Office: Century 21 Allstars.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.