CA > Los Angeles
Los Angeles, CA 90003,7417 S Broadway
Los Angeles, CA 90003,7417 S Broadway
Los Angeles, CA 90003,7417 S Broadway
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$3,900,000
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0.29 Acres Lot
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7417 S Broadway Los Angeles, CA 90003

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL25505961

HOA Y/N No

Lot Size 0.287 Acres

Acres 0.29

Property Sub-Type Unimproved Land

Property Description

We are pleased to present an affordable housing development opportunity at 7417-7421 S Broadway, located south of W Florence Ave just off the 110 Freeway. The 12,506 SF lot will be delivered fully entitled for 134 income-restricted housing units and 1 manager unit with no parking required. The project's central location and proximity to major employment hubs are for prime for a high velocity workforce housing lease up strategy, allowing a mission driven developer the opportunity to support the missing middle segment given the project's discount to surrounding market rents. Plans call for an efficient seven story mid-rise project, utilizing Type III over Type I construction for a fully stacked design aimed at reducing construction costs. The existing retail structure will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances projects. The finished project totals 59,814SF and has a desirable unit mix of 25 singles and 110 one-bedrooms. The project also offers 13,500 SF of open space for recreation or supportive services. The lot is offered at a low $28,889 per buildable unit, allowing a privately funded developer the opportunity to develop a high y

Location

State CA

County Los Angeles

Zoning C2-1

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 6031009029

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Neema Ahadian • Marcus & Millichap

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Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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