9825 S Broadway - Residential LAND FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens11,064 SF
$1,050,000 USD
415-378-5464
9825 S Broadway, Los Angeles, CA for Sale
$1,050,000 USD
Residential LAND - FOR SALE
1/14
11,064 SF

9825 S Broadway
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • CHIP Ordinance density bonus rules estimate a maximum of 59 units
  • Using the TOC Tier 3 density rules, the site allows for up to 48 units
  • Using ED1 100% affordable housing density rules, the maximum allowable units are 49
  • Less than $100 per square foot of land and just $18,750 per buildable door
  • The site consists of a 1,857 Sq.Ft. church structure and an additional bungalow that does not appear to be affixed to the land
  • Conveniently located near several parks and recreation centers, including the Green Meadows Recreation Center and Mary McLeod Bethune Park

OVERVIEW

Maher Commercial Realty is pleased to present an exceptional opportunity to acquire an approximately 11,064-square-foot parcel zoned C2-1VL-CPIO, TOC Tier 3, in South Central Los Angeles. The site is currently underutilized, featuring a 1,857-square-foot church structure and an additional bungalow that does not appear to be affixed to the land. With significant development potential, the CHIP Ordinance density bonus rules estimate a maximum of 59 units, though required open space and bicycle parking provisions reduce the total buildable units to 56. Using the TOC Tier 3 density rules, the site allows for up to 48 units, providing another viable option for maximizing density. Using ED1 100% affordable housing density rules, the maximum allowable units are 49, with open space and parking requirements limiting the total to 46. At less than $100 per square foot of land and just $18,750 per buildable door, this offering presents an exceptional value for developers. With Los Angeles facing a persistent housing shortage and strong rental demand, this property is well-positioned for a high-impact development that aligns with the city's urgent need for more housing. The property is also conveniently located near several parks and recreation centers, including the Green Meadows Recreation Center, which offers a variety of sports facilities and community programs, and the Mary McLeod Bethune Park, featuring playgrounds and picnic areas, both within a mile of the site.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/ACRE

$4,133,948/AC

PRICE/SF

$95 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units, Apartment Units - Subsdzd

LAND ACRES

0.25 AC

LAND SF

11,064 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk

ZONING

C2-1VL-CPIO

APN/PARCEL ID

6053-017-014

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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