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9218 S Broadway,Los Angeles,Los Angeles,Land

$ 1,344,000
9218 S Broadway,

**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.

Address: 9218 S Broadway
State/County:
Zip: 90003
Country: United States
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Property Id : 50825
Price: $ 1,344,000
Property Lot Size: 0.15 ac
ListAgentMlsId: SR207064568
ListOfficeMlsId: SR0014706
Listing Id: SR25199749
MlsStatus: Active
Tue 18 Nov
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$ 8,196.00
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 6,796.00

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Based on information from California Regional Multiple Listing Service, Inc. as of [date the AOR/MLS data was obtained] 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. Any amount of compensation or commission stated is made only to participants of CRMLS or an MLS that has entered into a datashare agreement with CRMLS.

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