11151 South Broadway
$1,590,000
7,286 / 0.17
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.
- Listed by Jordan Petito • DRE #02023714 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
- Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 11151 South Broadway
Water Front
None
ZoningC2-2D-CPIO
Parcel Number6074019008
AreaMetropolitan South (C37)
Lot Size Area7286
Source Lot Size AreaOther
Present UseReligious/Church
Potential UsageDevelopment
LISTING UPDATED: 11/14/2024 12:01 AM
Property Details for 11151 South Broadway
Status | Active |
---|---|
MLS # | 24-460697 |
Days on Market | 87 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.17 AC |
County | Los Angeles County |
Building Information for 11151 South Broadway
Lot Size0.17 AC
Property Information for 11151 South Broadway
Property History for 11151 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 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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