7421 S Broadway St

Double lot, 7417-7421 S Broadway totaling 12,505 square foot lot located in South LA, zoned as C2-1VL. Proposed plans for a 39-unit multifamily development have been submitted to the city and are Ready-to-issue (RTI). The unit mix consists of mainly one-bedroom units, two-story building above grade parking, separate utility meters for each unit, plenty of parking, and other amenities. The buyer will have the opportunity to replace some or all of the existing parking spaces with ADUs per the building code, which would allow for up to 9 additional ADU units (buyer to verify with the City). This will significantly boost the annual cash flow. Broker/Agent/Seller does not guarantee the accuracy of square footage, lot size, zoning, rent control, permits, use code, schools, and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals.