5303 S Broadway
Los Angeles, CA 90037
0.13 acres | #CV24161789
Description
Attention all affordable housing developers or first time homeowners! We are pleased to offer this 5,711 lot size corner lot. This mixed use property is located south of DTLA and the Los Angeles Memorial Coliseum and LAFC soccer stadium, while not being far from USC (University of Southern California). Currently, the property is being used as a business and rear unit is a residential 2 bedroom, 1 bathroom, being a total of 2 units. Commercial unit in front rents for $3100 while residential unit in the rear rents for $1400 while paying for water, gas, and electricity. This property is in the redevelopment project area District Council for the Land Use Affordability Covenant and ED1 Executive Directive for Housing with a zoning C2-1VL-CPIO with ED1 Eligibility and Tier 2 TOC Affordable Housing incentive program (verify with LADBS). All new developments can exercise the density bonus for the Los Angeles Affordable Housing developments. This is a developmental opportunity under executive order from the Los Angeles Mayor as it is aimed to speed the approval of affordable housing. Do not let this opportunity pass by yourself or your buyers! Please contact listing agent for any questions or additional information. Submit all offers with proof of funds and pre-approval letter. Buyers and buyers agents to do own due diligence on property.
Property Details
- Lot DescriptionItem01UnitAcre, CornerLot
- Stories1
Measurements
- Acres0.1311
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1922
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$699,999
Other
- MLS #CV24161789
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Matthew Salazar (#CV47016)
Listing Office: CENTURY 21 CITRUS REALTY INC (#2015)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
