5615 S Broadway, Los Angeles, CA 90037
Property
Sold August 2024
Listing Agent: Jessica Hoffman (DRE #02026293) · Listing Office: Coldwell Banker Realty · Contact: 310-777-6200 · Bought with: Andrianna Chakava · Coldwell Banker Realty · MLS #24411611 · Source: CRMLS
About this property
Attention Developers and Investors! Rare opportunity to purchase a vacant lot that is zoned for commercial and residential, C2-1VL-CPIO, TOC Tier 3. The demolition has been completed and signed off by the City. This property is ready for entitlements and has no parking requirements. The possibilities are endless, with the ability to build retail, an apartment building, duplex, triplex, or fourplex. Use the land for storage, build the perfect place to operate your business, or build your dream home and add an ADU. 100% residential is permitted in this area. Centrally located to the 110 and 10 freeways, this property is an easy commute for future tenants to anywhere in the LA area and is well positioned to demand high rents. There are plans close to RTI, available to be sold separately, for a total of 13 apartment units, consisting of (11) market rate 1+1s, (1) affordable 1+1, and (1) affordable 3+1. Priced to sell quickly, don't miss out on the chance to turn this land into a cash cow. Buyer shall complete their own due diligence to determine the development potential and zoning.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history