7301 South Broadway

Los Angeles CA 90003

6434 sq. ft.

Land

Currently for sale - view listing

Overview

An affordable housing development opportunity at 7301 S Broadway in South Los Angeles. The 6,434 SF lot is zoned C2- 1VL-CPIO and is RTI for 44 income-restricted units and 1 manager unit that is not restricted. The project is located just south of W Florence Ave, just off the 110 Freeway. The project is offered at a low $44,222 per buildable unit, with no tenant relocation or replacement units required. There is currently an existing 2,100 SF retail building that will be delivered vacant at the close of escrow. Plans call for 42 singles (261 SF 354 SF) and three one-bedroom units (375 SF) with no parking required. The four-story building totals 16,868 SF and includes amenities such as a communal roof deck and recreation room that may used for future supportive services. Located in a dense, infill location of South Los Angeles on the main thoroughfare of S Broadway; walk score of 78 and 0.1 miles from multiple Metro local lines. The efficient design calls for four stories of Type V construction, with no parking requirements. Plans call for a communal roof deck with planted areas, providing space for community activities while providing views of the surrounding neighborhood. Potential exterior finishes include textured fiber cement panels to promote better urban design and enhance the aesthetics of the community.