We are pleased to present 4420 S Broadway, a 24,716sf LAC2-2D- CPIO Tier 3 TOC development site located along the trending Broadway corridor! Existing improvements consist of a 12,749sf commercial building, with all current tenants on Month-to- Month leases and an enormous parking lot in the rear of the existing building! As a development site, the property is ED1 eligible, providing a developer with unlimited density and an expedited approval process for a 100% affordable housing project, with other similar sized sites allowing for 150+ affordable units. As a market rate Tier 3 TOC development site, the property has potential for a maximum of 106 units. In the event you are not a developer, the existing 12,749sf of building size provides opportunity for a local owner-user or non-profit to occupy the entire building to operate their business and/or provide services to the local community. The Seller has multiple reports in their possession, including survey and environmental reports. Contact the listing broker for additional information.
PCS Group is pleased to exclusively present for sale an RTI 40 Unit 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. The offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit. This offering consists of 9,619 square feet of land, zoned C2, and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public housing. The proposed project sets aside 100% of units for affordable housing.
PCS Group is pleased to exclusively present for sale an RTI 40 Unit 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. The offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit. This offering consists of 9,619 square feet of land, zoned C2, and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public housing. The proposed project sets aside 100% of units for affordable housing.
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90037 has a population of 3,902,440. Los Angeles 90037 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90037 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90037 is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.