11125 S Broadway,Los Angeles,Los Angeles,Land

Property Description

Wonderful opportunity to build an affordable housing project at only $26,785 PER BUILDABLE DOOR. This property is located on a corner, with alley access, and with high density incentives. This nice sized property of approximately 6,447 sqft lot (46 ft wide) sits on a LAC2 TIER 3 – CPIO Subarea: TOD Low. This zoning will allow up 28 units using TOC density. Other opportunities include proposing an ED1 project which gives additional bonus density with on and off menu incentives. Depending on choice, a developer can propose 40+ units ($18k PBD, buyer to verify). Another option is building townhome style units. SB8 is exempt since this property has been vacant for over 5 years. Possible to build 2 duplexes plus ADUs, AB2097 reduces your parking requirements. Do not worry about RSO or relocation fees. Property has easy access to the 110 and 105 freeways with easy access to DTLA and the South Bay. Come see this property before is gone.