5615 S Broadway

Los Angeles, CA 90037

$630,000

Sold Price
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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.

Listing Information

Close Price $630,000
Close Date Thursday, August 1st, 2024
Status Closed
MLS 24411611
Type Land
Lot Size 5,628
Structure Size N/A
DOM 3
Courtesy Of Coldwell Banker Realty
Listing Agent Jessica Hoffman DRE#02026293

Interior Features

Total Bedroom
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Exterior Information

Maps

Listing information courtesy of: Jessica Hoffman, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 1st, 2024 at 7:17 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.