4420 S Broadway - Storefront Retail/Office FOR SALE


Los Angeles, CA 90037
$2,990,000 USD
213-225-7223
4420 S Broadway, Los Angeles, CA for Sale
$2,990,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | Request Cap Rate

4420 S Broadway
Los Angeles, CA 90037


HIGHLIGHTS

  • 24,716sf LAC2-2D- CPIO Tier 3 TOC development site.
  • ED1 eligible, providing a developer with unlimited density and an expedited approval process for a 100% affordable housing project.
  • As a market rate Tier 3 TOC development site, the property has potential for a maximum of 106 units.
  • Multiple reports in possession, including survey and environmental reports.

OVERVIEW

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. Located near the intersection of Broadway and Vernon Ave, the property has ease of access to the 110 Freeway, DTLA, the South Bay, and USC! The Seller has multiple reports in their possession, including survey and environmental reports. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$2,990,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial Property on 24ksf of LAC2 Land

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,079 SF

ZONING

LAC2

APN/PARCEL ID

5110-002-005

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.