7417 S Broadway, Los Angeles, CA 90003

*Price Reduced by $194,000. New Price is $1,390,000. Submit All Offers as the Seller is Motivated.* The Broadway development site is a 33-unit development site that will be delivered with approved and permit ready plans (RTI) at the close of escrow. The site is situated on two street-to-alley lots that are combined to 12,505.9 square feet and zoned C2-1VL and in the city of Los Angeles Transit Oriented Communities (TOC) Tier 2. The existing structure is commercial with no residential tenants to relocate. The property can be delivered vacant to a new owner in 30 to 60 days. The plans are estimated to be approved in March of 2019. Per the plans, the proposed structure is three stories of Type V construction over one level of on-grade parking for 34 vehicles. The courtyard configured apartment building will feature three low income (ELI) units and thirty market rate units.