7417 S Broadway, Los Angeles, CA 90003

Offered at $2,795,000

Fully entitled ED1 project for 134 affordable units. Size of the lot is 12,500SF and its zoning is LAC2-1VL-CPIO. Currently existing on the property is a 99 centers Happy Bargain Shop that is paying $4,400 a month and a can recycling center that is paying $1,750 per month. Both those tenants are on month to month leases. The ED1 project is fully entitled with an attractive unit mix of (110) 1 BR + 1 Baths & (25) studio units.