4420 S Broadway, Los Angeles, CA 90037
FOR SALE0.57 ACRES

4420 S Broadway
Los Angeles, CA 90037

Southeast Los Angeles

      $3,425,000

      Est. Mortgage $21,818/mo*
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      Local Information

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      Description

      We are pleased to present a 24,710 square foot redevelopment site located at 4420 South Broadway in Los Angeles, California. The subject property is situated in a solid South Los Angeles location, south of East Vernon Avenue and west of South Main Street. This offering is positioned on one (1) parcel totaling 24,710 square feet (SF) of land with a zoning ordinance of LAC2-2D-CPIO where the D suffix is an alteration of some of the base development standards per the Community Plan Implementation Overlay. This allows for sixty-one units (61) units by-right, a maximum height of 60 feet by-right, and a FAR of 1.5:1 by-right. Additionally, this offering is granted ED1 eligibility, a recently passed program that allows an expedited process to 100% affordable developments. If used in conjunction with the State Density Bonus code 65915-65918, an ED1 project would have no maximum density, an allowance of three (3) additional stories and thirty-three (33) additional feet in height, and no parking requirement due to AB 2097. Five (5) additional concessions or incentives are granted under the State Density Bonus program. There is potential to stack these incentives with other programs such as TOC or the Los Angeles Density Bonus program, Buyer to verify. There is $95,280 in annual gross income which will stay in place while buyer goes through the entitlement process. All of the tenants are on month-to-month commercial leases. Positioned in a solid South Los Angeles location, this offering presents an excellent opportunity for an astute developer to purchase a large corner lot at a low price per square foot and potentially build over 100 units without any residential units to replace.

      Home Highlights

      Parking
      No Info
      Outdoor
      No Info
      A/C
      Contact Manager
      HOA
      None
      Price/Sqft
      No Info
      Listed
      58 days ago

      Home Details for 4420 S Broadway

      Interior Features

      View
      Has a ViewView: City

      Days on Market

      Days on Market: 58

      Property Information

      Property Type / Style
      Property Type: LandProperty Subtype: Unimproved Land
      Building
      No Additional Parcels

      Price & Status

      Price
      List Price: $3,425,000

      Active Status

      MLS Status: Active

      Location

      Direction & Address
      City: Los Angeles

      Agent Information

      Listing Agent
      Listing ID: 24-363855

      Lot Information

      Lot Area: 0.57 acres

      Listing Info

      Special Conditions: Standard

      Compensation

      Buyer Agency Commission: 1.75Buyer Agency Commission Type: %
      Notes
      The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

      Miscellaneous

      Mls Number: 24-363855
      Last check for updates: 1 day ago
      Listing courtesy of Jason Tuvia DRE # 01772495, (818) 448-4415
      Marcus & Millichap, (818) 212-2700
      Source: CLAW, MLS#24-363855

      Price History for 4420 S Broadway

      DatePriceEventSource
      03/01/2024$3,425,000Listed For SaleCLAW #24-363855

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      4345 Woodlawn Ave, Los Angeles, CA
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      4921 S Figueroa St, Los Angeles, CA
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      836 W 42nd Pl, Los Angeles, CA
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      $1,900,000
      10/20/23
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      964 E Jefferson Blvd, Los Angeles, CA
      1.27
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      $950,000
      01/25/24
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      6200 S Broadway #182, Los Angeles, CA
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      257 E 30th St, Los Angeles, CA
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      6401 S Broadway #52, Los Angeles, CA
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      3815 S Normandie Ave, Los Angeles, CA
      1.59
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      $975,000
      03/14/24
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      661 W 65th St, Los Angeles, CA
      1.60
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      $300,000
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      1516 W 58th St, Los Angeles, CA
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      Neighborhood Overview

      Southeast Los Angeles
      See Local Highlights
      Neighborhood stats provided by third party data sources.

      What Locals Say about Southeast Los Angeles

      • Gwendolyn Anthony
        "Not available bad this scares is not safe for the disable. B very careful. Senior citizen beware. Safety is a issues"
        2
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      • Lucy Ceja
        "Dogs that are kept inside are too loud and some dogs even can jump the fence. Lots of dogs also leave outside no owner no leashed not dangerous dogs "
        1
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      • Trulia User
        "Dog owners in this area who not lol or here because no one picks up after their dogs it’s all over the side walks in the bushes along with all the trash and dirt "
        2
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      • Trulia User
        "People would get their Dogs stolen. Do not move here. It's not safe. Do not recommend at all. Move in at your own Risk. We are movinv away! "
        0
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      • Trulia User
        "I been living here all my life and it always great to meet new people and be friendly with everyone around you no matter who you are there’s always a way to communicate with each other’s "
        0
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      • Trulia User
        "if you can don't live here want to move out of here badly just everything so expensive so if you can trust me stay as far as possible from south LA aka the jungle "
        0
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      • Trulia User
        "safety in the neighborhood and what kind of predetadors to watch it for I think that's one of the most things important to know about child safety is our risk arr they any parks nearby or schools libraries "
        1
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      • Trulia User
        "The events for kids in the evenings in the weekends. They are pretty great to entertain family and have kids out of trouble. Amazing activities."
        1
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      • Trulia User
        "There is a train around the corner and multiple bus routes, traveling to downtown is only 6 stops away "
        1
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      • Trulia User
        "Stray dogs and cats all over the place. Litter and homeless people all over the place. Not a safe place to take a dog on a walk UNLESS it’s a certified guard dog "
        1
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      • Trulia User
        "It’s actually good in the neighborhood but I wished there were more busses since it gets busy during the mornings "
        0
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      • Trulia User
        "been living here 26 years in my house no problem I walk in area for excriseing it cool iam older woman "
        4
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      • Trulia User
        "yes I see people walking yes I say hi to them yes they say hi to me everybody feels comfortable with each other all is good"
        0
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      • Trulia User
        "I drive sometimes catch that bus or train walk depending on weather time and traffic or distance of my destination "
        0
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      • Trulia User
        "the owners modt likely dont pick up the things the dog's do and sometimes the dog has mo leash and feel like they don't care what is going to happen "
        1
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      • Trulia User
        "It has its own culture, tagging on the wall, people are always playing music, it is a lively community "
        6
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      • Trulia User
        "A very nice neighborhood to live and bring up a family the center of LA you can go anywhere because the 110 & 10 are close and get get anywhere else in minutes "
        0
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      • Trulia User
        "Unfortunately, there are no community events that are taking place in or near this neighborhood. "
        0
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      • Trulia User
        "you see people walking their dogs all the time. dogs love that neighborhood. if I had a dog and I still lived in that area I wouldn't be scared to walk my dog "
        0
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      • Trulia User
        "Everything is bad here freeways people neighborhood is not clean…..is not safe not nice Can even walk ."
        0
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      • Trulia User
        "It sucks , there’s no parking and it is always packed. The roads are really bad because there are a lot of potholes."
        0
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      • Trulia User
        "I’ve grown up here. It’s a nice place. A little rough around the edges sometimes but an alright place to settle. "
        2
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      • Trulia User
        "be kind but please be safe, keep tabs on your children and pets, its not very safe here past dark "
        0
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      • Trulia User
        "Everyone knows each other or atleast knows who’s who. People are mostly friendly but lots of gang activities."
        1
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      • Trulia User
        "None, people are bitter with each other. Neighbors cause a lot of issues. It’s very dirty and there is a lot of homeless people walking around. Gang activity is also a big problem "
        0
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      • Trulia User
        "Have lived here for 4 years, the neighborhood has been good to us. Schools a good. It’s safe for families to walk in the parks"
        0
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      • Trulia User
        "We have Bloc parties and flea markets every weekend and a very family oriented neighborhood Close to everything if you choose to drive or take public transportation"
        0
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      • Trulia User
        "Its not always safe but many people who live around are careful of things. Gives few liberties but need a bit of enforcement in some parts. "
        0
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      • Trulia User
        "Nice city to live, people are genuinely and kind. Stors and transportation available. Schools for kids "
        0
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      • Trulia User
        "Full of prostitution and drug sales , this area is not good area to live or raise a family cause is not safe "
        0
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      • Trulia User
        "Been here for 22 years. For me the only perk to living in a urban area such as this is cheap rent & bargain stores that’s it!"
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      • Trulia User
        "Not a great neighborhood to raise children! Parks aren't used just for kids, but for crackheads and people that have nothing better to do. Too many homeless. Doesn't feel safe to walk around the neighborhood. "
        0
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      • Arnoldguillen10004
        "It’s the best public transportation silver line then take the green line to lax airport no need to buy an airport parking just leave your car at home and take metro instead and also it’s faster than blue line to staples center and Downtown Los Angeles "
        8
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      • Stephanie S.
        "Fairs are a culture for the Angelinos. Community resources are available. Variety of libraries and public services "
        3
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      • Catherine A.
        "It’s peaceful and I enjoy bing in this area there are things hay could be better but over all it’s a nice neighborhood can’t complain at all . "
        1
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      • Rakia C.
        "it’s a nice place to grow up especially when you know a lot of people it sorta becomes your other family & some of the parks are really nice"
        2
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      • Lucy L.
        "None we are in quarantine but it isnt a friendly neighborhood. Everyone is pretty independent and there is no community anything"
        0
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      • Platapaul
        "Not any that I’m aware of. I live in a gated residence, so we do have some food giveaways, but nothing too frequent "
        0
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      • Bryanorlandoelias
        "It’s safe for kids if you limit them to not going outside after dark. It’s south central what do you expect "
        3
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      • Vanessa G.
        "for me myself i feel as though it is a horrible neighborhood to have kids in. Cars drive fast area is filthy dogs are mean and a prostitute hotel directly across the street"
        1
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      LGBTQ Local Legal Protections

      Jason Tuvia, Marcus & Millichap
      © 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
      The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
      4420 S Broadway, Los Angeles, CA 90037 is a lot/land. 4420 S Broadway is located in Southeast Los Angeles, Los Angeles. This property is currently available for sale and was listed by CLAW on Mar 1, 2024. The MLS # for this home is MLS# 24-363855.