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5615 S Broadway
5615 S Broadway
5615 S Broadway
5615 S Broadway
5615 S Broadway
5615 S Broadway
5615 S Broadway
5615 S Broadway
5615 S Broadway
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$699,000

5615 S Broadway

Description

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.

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Location

5615 S Broadway, Los Angeles, CA 90037

Status

For Sale

Property Amenities

View additional property information below.
Area & Lot
Lot Area 5,628 Sq.Ft.
MLS® ID 24-411611
View Description City
Type Land
Status For Sale
Exterior
Sewer On Site
Finance
Sales Price $699,000

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