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10721 S Broadway,  Los Angeles CA, 90061

(Active)
$2,400,000
|
4,757 sqft
|
MLS# 24380891
Last Updated: 5/4/2024 7:34 AM
Description for 10721 S Broadway Los Angeles, CA 90061
Unique investment opportunity for a 20 room motel! Repurpose the property for emergency shelter for the unhoused, convert the property for permanent supportive affordable housing, or redevelop the property to take advantage of the superior zoning or the new ED-1 incentives. The property is a closed motel with 20 rooms and a management office. The total building area is 4,757 Sq. Ft. on a 12,612 Sq. Ft. lot zoned LAC2. The property is located on the North West corner at the intersection of West 108th St. and Broadway near the 110 Freeway. The property is also accessible by an alley. Please note that the Motel is closed and completely fenced off. Do not walk on property, drive by only!
Price
$2,400,000
Los Angeles
4,757 (approx)
24380891
Active
Description
Unique investment opportunity for a 20 room motel! Repurpose the property for emergency shelter for the unhoused, convert the property for permanent supportive affordable housing, or redevelop the property to take advantage of the superior zoning or the new ED-1 incentives. The property is a closed motel with 20 rooms and a management office. The total building area is 4,757 Sq. Ft. on a 12,612 Sq. Ft. lot zoned LAC2. The property is located on the North West corner at the intersection of West 108th St. and Broadway near the 110 Freeway. The property is also accessible by an alley. Please note that the Motel is closed and completely fenced off. Do not walk on property, drive by only!
Listing Information
Property Type: Business Opportunities, Other
0.29 Acres Assessor 4,757 (approx)
1961 Multi-Family
2 Total
Neighborhood
Room Information
Interior Features
Gated Community
Exterior / Lot Features
25 Parking Spaces, 0 Covered Parking Spaces,
89x140
LAC2
Community Features
Gated Community
Driving Directions
From Downtown Los Angeles head South on the 110 Freeway and exit Century Blvd. Head towards Broadway and the property is on the North West corner of the intersection of Broadway and W 108th St. For specific directions please use Google Maps.
Financial Considerations
6074012019
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90061 has a population of 3,956,168.

The median household income in Los Angeles, California 90061 is $47,267. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90061 is 38 years.

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Listing Agent: Michael R. Fukushima CalDRE: 01380445 - Keller Williams Downtown LA
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/4/2024 7:34 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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