Los Angeles, CA 90003,9825 S Broadway
Los Angeles, CA 90003,9825 S Broadway
Los Angeles, CA 90003,9825 S Broadway
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$950,000
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0.25 Acres Lot
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9825 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 CL25510013

HOA Y/N No

Lot Size 0.254 Acres

Acres 0.25

Property Sub-Type Unimproved Land

Property Description

We are pleased to present an exceptional opportunity to acquire an approximately 11,064 sq.ft. parcel zoned C2-1VL-CPIO, TOC Tier 3, in South Central Los Angeles. The site is currently underutilized, featuring a 1,857 sq.ft. church structure and an additional bungalow that does not appear to be affixed to the land. With significant development potential, the CHIP Ordinance density bonus rules estimate a maximum of 59 units, though required open space and bicycle parking provisions reduce the total buildable units to56. Using the TOC Tier 3 density rules, the site allows for up to 48 units, providing another viable option for maximizing density. Using ED1 100% affordable housing density rules, the maximum allowable units are 49, with open space and parking requirements limiting the total to 46. At less than $90 per square foot of land and just $16,964 per buildable door, this offering presents an exceptional value for developers. With Los Angeles facing a persistent housing shortage and strong rental demand, this property is well-positioned for a high-impact development that aligns with the city's urgent need for more housing. The property is also conveniently located near several parks and recreation centers, including the Green Meadows Recreation Center, which offers a variety o

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 6053017014


Bridge MLS
Listed by Oron Maher • Maher Commercial Realty

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Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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9825 S Broadway