8426 S Broadway, Los Angeles, CA 90003

Local realty services provided by:ERA Carlile Realty Group
8426 S Broadway,Los Angeles, CA 90003
$875,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by:filip niculete
Office:marcus & millichap
MLS#:25567633
Source:CRMLS

Price summary

  • Price:$875,000

About this home

To present a unique opportunity to acquire 8426 S Broadway, a fully Ready-to-Issue (RTI) affordable housing development project located in South Los Angeles. This property is situated on a 7,264-square-foot lot and comes with RTI permits for a 22-unit, 100% affordable multifamily project. The proposed 3-story apartment building will feature Type V-A construction and does not require parking, as per AB 2097. This provides substantial design flexibility and the potential for a strong return on investment. The approved plans outline the development of 22 apartment units, totaling 10,803 square feet. The proposed design includes 2 studio units, 19 one-bedroom units, and 1 two-bedroom unit, with three apartments designated for Extremely Low Income tenants and nineteen for Low Income tenants. The rents for these affordable units will adhere to the most recent Schedule I and Schedule 6 rent limits set by HUD. Additionally, the project allows for participation in the Section 8 voucher

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Home facts

  • Listing ID #:25567633
  • Added:72 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Structure and exterior

  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$875,000
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