7417-7421 S Broadway
Los Angeles, CA 90003
Land For Sale
·
0.29 AC
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 |
Description
• Prime purchase opportunity to develop 33 residential units • 23,106 vehicles per day traffic count (2018) • Located 2 blocks south of Florence Ave and 1 block east of Harbor (110) Freeway • Adjacent to Huntington Park and Inglewood • All plans are signed off • RTI: Need B-Permit for public works and need to file with Housing Authority (3 months at a cost of $20,000) • Existing Building Area: 3,360± SF • Land Area: 12,505± SF • Built in 1967 • TOC: Tier 2 (Allowable Height: 45') Proposed Project • 33 Residential Units • 4 Stories (3 Over Ground Floor Parking) • Building Height: 43'1" • Unit Mix: 6 Single | 15 1-Bedroom | 12 3-Bedroom • Parking: 34 Vehicles Rentable Area 23,179± SF • Building Area: 27,487± SF • Parking Area: 10,031± SF • Gross Area: 37,518± SF (Including Parking) • Monthly Income Post Development: $57,718 • Annual Income Post Development: $692,580 • Est. Sale Value Post Development: $9,900,000
Property Taxes
| Parcel Number | 6031-009-029 | Improvements Assessment | $510,000 |
| Land Assessment | $1,020,000 | Total Assessment | $1,530,000 |
Property Taxes
