11151 South Broadway

Los Angeles, CA 90061

$1,590,000
Price
7,286 / 0.17
Lot Size / Acres

Description

Partners CRE is proud to present for sale a ready-to-issue (RTI) 40-unit, 100% affordable housing development on a 7,286 SF lot at 11151 S Broadway in Los Angeles. Designed to offer efficient, affordable housing, this project provides significant value to developers seeking a cost-effective development opportunity in the Los Angeles market. The proposed development features a 16,479 SF, four-story, Type V-A construction with a compact, stacked design that maximizes space. With zero parking spaces,...Partners CRE is proud to present for sale a ready-to-issue (RTI) 40-unit, 100% affordable housing development on a 7,286 SF lot at 11151 S Broadway in Los Angeles. Designed to offer efficient, affordable housing, this project provides significant value to developers seeking a cost-effective development opportunity in the Los Angeles market. The proposed development features a 16,479 SF, four-story, Type V-A construction with a compact, stacked design that maximizes space. With zero parking spaces, the design focuses on efficient, affordable living. All 40 units are thoughtfully composed of 9 studios, 30 one-bedroom, and 1 two-bedroom apartments. Affordable Housing Designation: 2 Very Low-Income Unit 31 Low-Income Units 6 Moderate-Income Units 1 Market-Rate Manager's UnitRent levels for very low and moderate-income units adhere to HCD Schedule VI, while rents for low-income units follow HUD Schedule I. The property's location may attract Section 8 voucher tenants, offering potential for increased income by approximately 20% per unit. Delivered vacant at COE, this property offers an exceptional opportunity for developers to enter the affordable housing market with a fully RTI project.
  1. Listed by Jordan Petito • DRE #02023714 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 11151 South Broadway

Water Front
None
Zoning
C2-2D-CPIO
Parcel Number
6074019008
Area
Metropolitan South (C37)
Lot Size Area
7286
Source Lot Size Area
Other
Present Use
Religious/Church
Potential Usage
Development
LISTING UPDATED: 11/14/2024 12:01 AM

Property Details for 11151 South Broadway

StatusActive
MLS #24-460697
Days on Market87
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.17 AC
CountyLos Angeles County

Building Information for 11151 South Broadway

Lot Size0.17 AC

Property Information for 11151 South Broadway

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Walk Street
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: 0.1673
  • Lot Size Square Feet: 7286
  • Telephone: 1.0
  • Cable: 1.0
  • Public Street: Yes
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 11-12-2024

Property History for 11151 South Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 11151 South Broadway

Taxable ValueLand$612,000Additions$280,500Total$892,500
Tax Record2024$11,518 ($960 / month)
Home Facts
Total Finished SqFt2,975 SqFtAbove Grade Finished SqFt2,975 SqFtStories1Lot Size7,286 SqFtStyleReligiousYear Built1922ZoningLAR4CountyLOS ANGELESAPN6074-019-008

Schools near 11151 South Broadway

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Public - K to 2
Rating
School
Distance
Figueroa Street Elementary School
PublicK to 5

Alliance Jack H. Skirball Middle School
Charter6 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

Washington Primary Center School
PublicK to 2

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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11151 South Broadway is a 0.17 ac of land for sale in Los Angeles, CA 90061. This property was listed for sale on November 6, 2024 by Keller Williams Beverly Hills, it's currently listed at $1,590,000. It has been on the market for a total of 87 days and was last sold on January 6, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Figueroa Street Elementary School, Alliance Jack H. Skirball Middle School and Alain Leroy Locke College Prep Academy. 11151 South Broadway is a 0-bed, 0-bath, 0.17 ac of land on a 7,286 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 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 Keller Williams Beverly Hills, Jordan Petito, DRE #02023714; Keller Williams Beverly Hills, Dario Svidler, DRE #01884474

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.