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$1,500,000
Est. payment /mo
0.29 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25551683
HOA Y/N No
Lot Size 0.286 Acres
Acres 0.29
Property Sub-Type Unimproved Land
Property Description
8112 and 8130 S Broadway consist of two contiguous parcels totaling 12,472 square feet on the northeastern corner lot. 8112 is comprised of two separate structures with a front commercial building and a rear residential bungalow which is directly north of, and adjacent to, the paved vacant lot on 8130. This property allows for an owner-user to operate out of the commercial structure, while living in or renting out the residential bungalow, as well as utilize the adjacent vacant, paved commercial lot for business purposes. As a development project, other similar sized sites allow for 75+ affordable units. As a market rate Tier 1 TOC development site, the property has potential for a maximum of 48 units. Broadway provides tree-lined streets along the center medians, providing excellent curb appeal for tenants and investors. With both properties being located on the corner, it will allow for minimal setbacks and the ability to design a project that encompasses natural light and airflow throughout. 8112 and 8130 S Broadway is strategically located one block east of the 110 Freeway providing easy access to downtown Los Angeles while catering to hundreds of thousands of tenants or potential customers in the neighborhood and is a well-positioned property with high rental demand that is
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 6031029017
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Listed by Casey Lins • Kidder Mathews of California, Inc.
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