11151 S Broadway
Los Angeles, CA 90061
- – beds
- – baths
- – sqft
- 7,286 sqft lot
- – on site
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.
Last checked:
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Last updated Nov 14, 2024
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MLS# 24460697 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Location
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Directions:Broadway and 111th Pl.
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Latitude:33.93377100
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Longitude:-118.27878100
The Property
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Property Type:Land
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Zoning:C2-2D-CPIO
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Lot Size Area:7286.0000
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Lot Size Acres:0.1673
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Lot Size SqFt:7286.00
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Lot Size Source:Other
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View:1
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6074019008
The Community
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Senior Community:No
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Association:No
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Assessments:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/12/24
Nov 12, 2024
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Listed / Active | CRMLS_CA | $1,590,000 | 81.7% (44.1% / YR) |
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6/18/24
Jun 18, 2024
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Listed / Active | BRIDGE | ||
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6/17/24
Jun 17, 2024
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Listed / Active | CRMLS_CA |
