6001 S Broadway
Los Angeles, CA 90003
Land For Sale · 0.36 AC

Partners CRE | Compass Commercial are proud to exclusively present for sale 6001-6013 S. Broadway, an RTI 60 Unit 100% TOC Affordable Housing Project with NO State or Federal Tax Credits. The property sits on a 15,623 SF Corner Lot at an Alley. The site currently holds a 15,764 SF Commercial Building built in 1922 that generates around $91k in gross income on month-to-month leases. The cost-effective design of the 60 Unit Project would rise 4 stories, be built of Type V construction and has NO parking. All units are 1 Bed + 1 Bath; 38 units have private outdoor space (balcony/patio). 6 Units are set aside for Extremely Low Income Tenants (HCD Schedule 6 rents are $447), 53 Units for Lower Income Tenants (HUD Schedule 1 rents are $1,351) and 1 Market Rate Unit for an Onsite Manager. The project includes an Elevator, 48 Long Term Bicycle Spaces, a 600 SF Recreation Room with Bathroom, a Central Courtyard and a Rear Yard. Each home will have its own Water Heater, each floor will have its own Laundry Room and floors 2-4 will have trash and recycling shoots to the trash and recycling room on the first floor. Off the Main Entrance will be the Mailbox Room. Walk Score calls this area Very Walkable and Bikeable with Excellent Transit.