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30377316
30377317

9118 S Broadway, Los Angeles, CA 90003

RM
01868073
RGA Properties
Listed by RGA Properties
$525,000
1032 days on market
Updated 55 days ago

9118 S Broadway

Details
APN 6040036015
Property Type Land
Sub Type Lots/Land
Square Footage 1,230
Units 1
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $28,228
Price per SqFt $427
Broker Co-Op Yes
Year Built 1983
Buildings 1
Stories 1
Acreage 0.093
Zoning LC2
Investment Type Value Add

Land | 0.093 acres

Marketing description

Prime Development Opportunity Lot in Los Angeles Welcome to 9118 Broadway, a versatile lot offering endless possibilities in the heart of Los Angeles! Whether you're looking for a high-utility space or envisioning a multi-unit development, this property is a rare find. Property Highlights: Location: Situated in a prime area of Los Angeles with easy access to major streets and freeways. Lot Use Potential: Ideal for parking, container storage, tow truck operations, or other commercial purposes. Development Potential: Under the ED-1 directive, the lot offers the opportunity to build up to 20 residential units, making it a fantastic choice for developers seeking a project in a high-demand housing market. This lot combines flexibility and potential, catering to a range of needs from immediate utility to long-term investment. Seize this chance to bring your vision to life in one of the most dynamic cities in the world. Dont miss out on this exceptional opportunity! Contact us today.

Investment highlights

  1. Prime Location: The property at 9118 S Broadway, Los Angeles, CA 90003, enjoys a highly sought-after location in the heart of Los Angeles. Its proximity to major transportation hubs, commercial centers, and residential areas ensures optimal accessibility and potential for high demand.

  2. Spacious Building & Lot: With a building size of 1,230 sqft and a generous lot size of 4,068 sqft, this property offers ample space for various development opportunities. Whether it's commercial, residential, or mixed-use, there's plenty of room to bring your vision to life.

  3. Vacant & Ready for Development: The property is currently vacant, presenting a blank canvas for creative investors. This offers the freedom to reimagine the space according to market demands and capitalize on emerging trends.

  4. Outstanding Return Potential: With a projected proforma return of 6%, this investment showcases a promising opportunity to generate a lucrative income stream. The well-calculated return ensures a steady and attractive ROI.

  5. Diverse Investment Options: Given the property's flexible zoning and ample space, investors have the option to explore a wide range of investment possibilities, such as commercial retail, office space, apartments, condominiums, or even a combination of uses for maximum profitability.

  6. Strong Real Estate Market: Los Angeles has historically demonstrated a resilient and thriving real estate market. As a global hub for entertainment, technology, and commerce, the city continues to attract a diverse population, creating a robust demand for various types of properties.

  7. Potential for Appreciation: As Los Angeles continues to experience economic growth and development, property values in the area have shown a consistent upward trend. Investing in this property provides the potential for long-term appreciation, making it a valuable addition to any investment portfolio.

  8. Experienced Realty Group Advisors: By partnering with Realty Group Advisors, investors gain access to a team of seasoned real estate professionals. Their expertise and market knowledge ensure a well-guided investment strategy and smooth transaction process.

  9. Low Vacancy Risks: With its strategic location and high-demand potential, this property minimizes the risk of extended vacancies. The property's versatility makes it attractive to a wide range of tenants or buyers.

  10. Long-term Stability: Real estate investments often provide stability and act as a hedge against inflation, making them a sound choice for investors looking to secure their financial future.

Invest in the future with 9118 S Broadway, Los Angeles, CA 90003. This unique investment opportunity combines an ideal location, ample space, and exceptional return potential to create a recipe for success. Act now and take advantage of the vibrant Los Angeles market to secure a profitable and rewarding investment.

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Listing Contacts

RM
01868073
RGA Properties
Listed by RGA Properties

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