8426 S Broadway

Los Angeles, CA 90003

$875,000
Price
7,267 / 0.17
Lot Size / Acres
a front view of a building
a car parked in front of a house
a car parked in front of a house
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Description

To present a unique opportunity to acquire 8426 S Broadway, a fully Ready-to-Issue (RTI) affordable housing development project located in South Los Angeles. This property is situated on a 7,264-square-foot lot and comes with RTI permits for a 22-unit, 100% affordable multifamily project. The proposed 3-story apartment building will feature Type V-A construction and does not require parking, as per AB 2097. This provides substantial design flexibility and the potential for a strong return on investment....To present a unique opportunity to acquire 8426 S Broadway, a fully Ready-to-Issue (RTI) affordable housing development project located in South Los Angeles. This property is situated on a 7,264-square-foot lot and comes with RTI permits for a 22-unit, 100% affordable multifamily project. The proposed 3-story apartment building will feature Type V-A construction and does not require parking, as per AB 2097. This provides substantial design flexibility and the potential for a strong return on investment. The approved plans outline the development of 22 apartment units, totaling 10,803 square feet. The proposed design includes 2 studio units, 19 one-bedroom units, and 1 two-bedroom unit, with three apartments designated for Extremely Low Income tenants and nineteen for Low Income tenants. The rents for these affordable units will adhere to the most recent Schedule I and Schedule 6 rent limits set by HUD. Additionally, the project allows for participation in the Section 8 voucher program, which enhances leasing flexibility and income stability. Located on Broadway, the property is within walking distance of several public transportation stops along Main Street. It is also less than half a mile from South Park Recreational Center, Dr. Maya Angelou Community High School, and South Los Angeles Wetlands Park, and within a mile of LA Academy Middle School. For commuters, the 10 and 110 Freeways are just minutes away, providing convenient access to Greater Los Angeles.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 8426 South Broadway

Zoning
LAC2
Parcel Number
6040002003
Area
Metropolitan South (C37)
Lot Size Area
7267
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
6040-002-003
Directions
South
LISTING UPDATED: 07/26/2025 12:06 AM

Property Details for 8426 South Broadway

StatusActive
MLS #25567633
Days on Market154
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.17 AC
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 8426 South Broadway

Lot Size0.17 AC

Payment Calculator

$5,073 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,324

Property Taxes

$749

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8426 South Broadway

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.1668
  • Lot Size Square Feet: 7267
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 07-20-2025

Property History for 8426 South Broadway

DateEvent & SourcePriceAppreciation
Jul 18, 2025

Listed (Active)

CRMLS #25567633

$875,000—
Jul 18, 2025

Listed (Active)

CLAW #25567633

$875,000—
May 31, 2025

Expired

CRMLS #24428341

—
May 31, 2025

Expired

CLAW #24-428341

$998,000—
Feb 10, 2025

Price Change

CRMLS #24428341

$998,000—
Aug 15, 2024

Listed (Active)

CLAW #24-428341

$1,200,000—
Aug 15, 2024

Listed (Active)

CRMLS #24428341

$1,200,000—
Jan 10, 2022

Sold (Public Record)

Public Record #1485961896

$670,000—
DateEvent & SourcePrice
07/18/2025

Listed (Active)

CRMLS #25567633

$875,000
07/18/2025

Listed (Active)

CLAW #25567633

$875,000
05/31/2025

Expired

CRMLS #24428341

—
05/31/2025

Expired

CLAW #24-428341

$998,000
02/10/2025

Price Change

CRMLS #24428341

$998,000
08/15/2024

Listed (Active)

CLAW #24-428341

$1,200,000
08/15/2024

Listed (Active)

CRMLS #24428341

$1,200,000
01/10/2022

Sold (Public Record)

Public Record #1485961896

$670,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8426 South Broadway

Taxable ValueLand$530,604Additions$180,405Total$711,009
Tax Record2025$8,984 ($749 / month)
Home Facts
Total Finished SqFt1,872 SqFtAbove Grade Finished SqFt1,872 SqFtStories1Lot Size7,265 SqFtStyleOffice BuildingYear Built1922ZoningLAC2CountyLOS ANGELESAPN6040-002-003

Schools near 8426 South Broadway

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Dr. Owen Lloyd Knox Elementary School
Public - K to 6
Mary Mcleod Bethune Middle School
Public - 7 to 8
Academy For Multiligual Arts And Science At Mervyn M. Dymally High
Public - 9 to 12
KIPP Empower Academy
Charter - K to 4
Rating
School
Distance
Dr. Owen Lloyd Knox Elementary School
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

Academy For Multiligual Arts And Science At Mervyn M. Dymally High
Public9 to 12

KIPP Empower Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 8426 South Broadway, Los Angeles, CA 90003

8426 South Broadway is a 0.17 ac of land for sale in Los Angeles, CA 90003. This property was listed for sale on July 18, 2025 by Marcus & Millichap, it's currently listed at $875,000. It has been on the market for a total of 154 days and was last sold on January 10, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. Owen Lloyd Knox Elementary School, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 8426 South Broadway is a 0-bed, 0-bath, 0.17 ac of land on a 7,267 sq. ft. / 0.17 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.