4420 South Broadway
4420 South Broadway
$3,425,000
24,716 / 0.57
Description
We are pleased to present a 24,710 square foot redevelopment site located at 4420 South Broadway in Los Angeles, California. The subject property is situated in a solid South Los Angeles location, south of East Vernon Avenue and west of South Main Street. This offering is positioned on one (1) parcel totaling 24,710 square feet (SF) of land with a zoning ordinance of LAC2-2D-CPIO where the D suffix is an alteration of some of the base development standards per the Community Plan Implementation Overlay....We are pleased to present a 24,710 square foot redevelopment site located at 4420 South Broadway in Los Angeles, California. The subject property is situated in a solid South Los Angeles location, south of East Vernon Avenue and west of South Main Street. This offering is positioned on one (1) parcel totaling 24,710 square feet (SF) of land with a zoning ordinance of LAC2-2D-CPIO where the D suffix is an alteration of some of the base development standards per the Community Plan Implementation Overlay. This allows for sixty-one units (61) units by-right, a maximum height of 60 feet by-right, and a FAR of 1.5:1 by-right. Additionally, this offering is granted ED1 eligibility, a recently passed program that allows an expedited process to 100% affordable developments. If used in conjunction with the State Density Bonus code 65915-65918, an ED1 project would have no maximum density, an allowance of three (3) additional stories and thirty-three (33) additional feet in height, and no parking requirement due to AB 2097. Five (5) additional concessions or incentives are granted under the State Density Bonus program. There is potential to stack these incentives with other programs such as TOC or the Los Angeles Density Bonus program, Buyer to verify. There is $95,280 in annual gross income which will stay in place while buyer goes through the entitlement process. All of the tenants are on month-to-month commercial leases. Positioned in a solid South Los Angeles location, this offering presents an excellent opportunity for an astute developer to purchase a large corner lot at a low price per square foot and potentially build over 100 units without any residential units to replace.
- Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 4420 South Broadway
Zoning
LAC2
Parcel Number5110002005
AreaDowntown L.A. (C42)
Lot Size Area24716
Source Lot Size AreaVendor Enhanced
Assessor Parcel Number5110-002-005
DirectionsThe subject property is situated in a solid South Los Angeles location, south of East Vernon Avenue and west of South Main Street.
Location
LISTING UPDATED: 03/09/2024 12:01 AM
Property Details for 4420 South Broadway
Status | Active |
---|---|
MLS # | 24-363855 |
Days on Market | 64 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.57 AC |
County | Los Angeles County |
Location
Building Information for 4420 South Broadway
Lot Size0.57 AC
Payment Calculator
$19,049 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4420 South Broadway
Property History for 4420 South Broadway
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4420 South Broadway
Taxable ValueLand$119,449Additions$33,902Total$153,351
Tax Record2023$4,289 ($357 / month)
Home Facts
Total Finished SqFt12,749 SqFtAbove Grade Finished SqFt12,749 SqFtStories1Lot Size24,710 SqFtStyleRestaurantYear Built1908ZoningLAC2CountyLOS ANGELESAPN5110-002-005
Schools near 4420 South Broadway
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
West Vernon Avenue Elementary School PublicK to 5 | ||
William Jefferson Clinton Middle School Public6 to 8 | ||
Thomas Jefferson Senior High School Public9 to 12 | ||
Nava College Preparatory Academy Public9 to 12 |
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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