9825 S Broadway, Los Angeles, CA 90003
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
9825 S Broadway,Los Angeles, CA 90003
$795,000
- 0.25 Acres
- Lots / Land
- Active
Listed by:oron maher
Office:maher commercial realty
MLS#:25510013
Source:CRMLS
Price summary
- Price:$795,000
About this home
We are pleased to present an exceptional opportunity to acquire an approximately 11,064-square-foot parcel zoned C2-1VL-CPIO, TOC Tier 3, in South Central Los Angeles. The site is currently underutilized, featuring a 1,857-square-foot church structure and an additional bungalow that does not appear to be affixed to the land. Property uses include recycling center, tow yard, vehicle storage, property storage, auto service, auto body work, construction equipment storage, tire supplier, community services. With significant development potential, the CHIP Ordinance density bonus rules estimate a maximum of 59 units, though required open space and bicycle parking provisions reduce the total buildable units to 56. Using the TOC Tier 3 density rules, the site allows for up to 48 units, providing another viable option for maximizing density. Using ED1 100% affordable housing density rules, the maximum allowable units are 49, with open space and parking requirements limiting the total to 46. At $71.85 per square foot of land and just $14,196 per buildable door, this offering presents an exceptional value for developers. With Los Angeles facing a persistent housing shortage and strong rental demand, this property is well-positioned for a high-impact development that aligns with the city's urgent need for more housing. The property is also conveniently located near several parks and recreation centers, including the Green Meadows Recreation Center, which offers a variety of sports facilities and community programs, and the Mary McLeod Bethune Park, featuring playgrounds and picnic areas, both within a mile of the site.
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Home facts
- Listing ID #:25510013
- Added:205 day(s) ago
- Updated:September 26, 2025 at 10:46 AM
Structure and exterior
- Lot area:0.25 Acres
Finances and disclosures
- Price:$795,000
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