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$ 1,344,000
Est. payment /mo
Active
9218 S Broadway Los Angeles, CA 90003
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25199749
Property Sub-Type Lots/Land
Property Description
**Fully RTI** Entitled 21,745 SF development site located at 9214 & 9218 S. Broadway. The property is zoned C2 and currently improved with a commercial building. Plans are approved for a 5-story, 42-unit multifamily development with 18,398 SF of net rentable area on a 6,543 SF combined parcel. RTI plans will be delivered at the close of escrow, allowing the buyer to bypass entitlement risk and proceed directly to permitting and construction. Designed as 100% affordable housing under AB 2345, the project benefits from incentives including no parking requirement, streamlined density, and efficient build-out. *** Projected Gross Monthly Income is $93,570, with a Projected Gross Annual Income of $1,122,840.*** T. Strategically positioned along the South Broadway corridor, this transit-oriented site is steps from Metro Bus Line 45 and offers direct access to the I-110 and I-105 freeways, connecting to Downtown LA, USC, Inglewood, LAX, and the South Bay employment hubs. This offering presents a rare opportunity for developers and investors to deliver stable, income-restricted housing in a supply-constrained market supported by strong rental demand and ongoing public/private investment in the South Los Angeles corridor.
Location
State CA
County Los Angeles
Direction S. Broadway and W. 92nd St
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 6040039004
Listed by Rana Khanjani Sync Brokerage
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