4420 Broadway Los Angeles, CA 90037

Prime Los Angeles redevelopment opportunity awaits at 4420 S Broadway. This 24,716 square foot lot boasts a 12,749 square foot commercial building with month-to-month tenants and ample rear parking. Zoned LAC2-2D- CPIO Tier 3 TOC, this ED1-eligible site offers significant potential. Develop a 100% affordable housing project with expedited approval and unlimited density, potentially exceeding 150 units (based on comparable sites), or pursue a market-rate development with a maximum of 106 units. Alternatively, the existing building presents an ideal space for owner-users or non-profits seeking a large footprint in a vibrant location. Conveniently situated near the intersection of Broadway and Vernon Avenue, the property provides easy access to the 110 Freeway, Downtown Los Angeles, the South Bay, and the University of Southern California. Comprehensive due diligence materials, including survey and environmental reports, are available. Asking price: $2,990,000.