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7417-7421 S Broadway
Los Angeles, CA 90003
Land For Sale
·
0.29 AC
Investment Highlights
- The Neema Group is pleased to present an affordable housing development opportunity at 7421 S Broadway, located south of W Florence Ave
- Plans call for an efficient seven story mid-rise project, utilizing Type III over Type I construction for a fully stacked design
- The finished project totals 59,814 SF and has a desirable unit mix of 25 singles and 110 one-bedrooms
- 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 existing retail structure will be delivered vacant at the close of escrow, allowing a developer to break ground immediately
- The lot is offered at a low $28,889 per buildable unit
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 0.29 AC |
| Zoning | C2-1VL-CPIO - Community Commercial Zone | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.29 AC |
| Zoning | C2-1VL-CPIO - Community Commercial Zone |
Property Taxes
| Parcel Number | 6031-009-029 | Improvements Assessment | $510,000 |
| Land Assessment | $1,020,000 | Total Assessment | $1,530,000 |
Property Taxes
Parcel Number
6031-009-029
Land Assessment
$1,020,000
Improvements Assessment
$510,000
Total Assessment
$1,530,000
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