Los Angeles CA Land for Sale
$1,590,000
11151 Broadway Los Angeles, CA 90061
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Baths:
- MLS#:
- 24460697
ADDITIONAL INFORMATION
Partners CRE is proud to present for sale a ready-to-issue (RTI) 40-unit, 100% affordable housing development on a 7,286 SF lot at 11151 S Broadway in Los Angeles. Designed to offer efficient, affordable housing, this project provides significant value to developers seeking a cost-effective development opportunity in the Los Angeles market. The proposed development features a 16,479 SF, four-story, Type V-A construction with a compact, stacked design that maximizes space. With zero parking spaces, the design focuses on efficient, affordable living. All 40 units are thoughtfully composed of 9 studios, 30 one-bedroom, and 1 two-bedroom apartments. Affordable Housing Designation:* 2 Very Low-Income Unit* 31 Low-Income Units* 6 Moderate-Income Units* 1 Market-Rate Manager's UnitRent levels for very low and moderate-income units adhere to HCD Schedule VI, while rents for low-income units follow HUD Schedule I. The property's location may attract Section 8 voucher tenants, offering potential for increased income by approximately 20% per unit. Delivered vacant at COE, this property offers an exceptional opportunity for developers to enter the affordable housing market with a fully RTI project.
$1,590,000
Broadway Los Angeles, CA 90061
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Baths:
- MLS#:
- 24-460697
ADDITIONAL INFORMATION
Partners CRE is proud to present for sale a ready-to-issue (RTI) 40-unit, 100% affordable housing development on a 7,286 SF lot at 11151 S Broadway in Los Angeles. Designed to offer efficient, affordable housing, this project provides significant value to developers seeking a cost-effective development opportunity in the Los Angeles market. The proposed development features a 16,479 SF, four-story, Type V-A construction with a compact, stacked design that maximizes space. With zero parking spaces, the design focuses on efficient, affordable living. All 40 units are thoughtfully composed of 9 studios, 30 one-bedroom, and 1 two-bedroom apartments. Affordable Housing Designation:* 2 Very Low-Income Unit* 31 Low-Income Units* 6 Moderate-Income Units* 1 Market-Rate Manager's UnitRent levels for very low and moderate-income units adhere to HCD Schedule VI, while rents for low-income units follow HUD Schedule I. The property's location may attract Section 8 voucher tenants, offering potential for increased income by approximately 20% per unit. Delivered vacant at COE, this property offers an exceptional opportunity for developers to enter the affordable housing market with a fully RTI project.
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Baths:
- MLS#:
- CRSB24166255
View additional info
Courtesy: PV Realty
ADDITIONAL INFORMATION
Price just reduced! REO. This property has gone back to the lender and must be sold. Great opportunity to redevelop to a large or small multi-family residential project. Previous owner prior to foreclosure said approved for 25 units in his listing, Buyer to independently verify. Seller may be willing to carry with sizeable down payment. Gutted 2,000 sqft building on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Fantastic redevelopment opportunity located directly in the path of growth and redevelopment. Per LADBS records there's 20 units going up 3 doors north at 10914 S Main Street and 19 units finishing up three blocks south at SWC of 112th & Main on a smaller corner lot. Or just build a small handful of units+ADUs like at the corner of E. 110th, probably a lot cheaper and faster to push through the city. Zoned C2, which should allow for R4 uses but Buyer/Buyer's agent to independently verify with all necessary City of LA agencies. See Supplements for ZIMAS reports with aerial, and Generalized Summary of Zoning Regulations, Use and Development Standards for more info. Appears to be in the Southeast LA CPIO District / Subarea C corridor, which may provide Density Bonuses for a higher number of housing units to be built. Best
$785,000
W 116th Place Los Angeles, CA 90061
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Baths:
- MLS#:
- CL23323815
View additional info
Courtesy: Marcus & Millichap
ADDITIONAL INFORMATION
18 Unit: 100% Affordable project delivered RTI and ready to build. The lot is on a Corner and Situated in a cul-de-sac. The 4story project is designed on grade, keeping construction costs down. The owner has demolished the building that was on site delivering a vacant lot with no demolitionor relocation costs.
Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of {{last updated}}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Los Angeles Real Estate
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 90061 has a population of 3,902,440. Los Angeles 90061 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 90061 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 90061 is 36.2 years.
Los Angeles Weather
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.