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5615 Broadway
Los Angeles, CA 90037
Sold
Attention Developers and Investors! Rare opportunity to purchase a vacant lot that is zoned for commercial and residential, C2-1VL-CPIO, TOC Tier 3. The demolition has been completed and signed off by the City. This property is ready for entitlements and has no parking requirements. The possibilities are endless, with the ability to build retail, an apartment building, duplex, triplex, or fourplex. Use the land for storage, build the perfect place to operate your business, or build your dream home and add an ADU. 100% residential is permitted in this area. Centrally located to the 110 and 10 freeways, this property is an easy commute for future tenants to anywhere in the LA area and is well positioned to demand high rents. There are plans close to RTI, available to be sold separately, for a total of 13 apartment units, consisting of (11) market rate 1+1s, (1) affordable 1+1, and (1) affordable 3+1. Priced to sell quickly, don't miss out on the chance to turn this land into a cash cow. Buyer shall complete their own due diligence to determine the development potential and zoning.
PROPERTY INFORMATION
| MLS # | 24411611 | Lot Size | 5,628 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 699,000
Price Per SqFt: $ 124 |
DOM | 304 Days |
| Address | 5615 Broadway | Type | Land |
| City | Los Angeles | Sq.Ft. | 5,628 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | Status | Closed | |
| Sold Date | 2024-08-01 |
INTERIOR FEATURES
| Has Appliances | Yes |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $746
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/05/2024 | Listed | $699,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Jessica Hoffman, Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
