0 Baths

$2,150,000

6401 S Broadway, Los Angeles CA, 90003

Price per sqftN/A

Property typeCommercial

test courtesy

Overview

Active

Listed Mar 3, 2026

Updated Apr 10

A rare shovel-ready development opportunity in South Los Angeles with permits ready to be issued for immediate construction of a value-engineered, affordable housing multi-unit project. This corner lot is fully entitled for a four-story, 50-unit residential building consisting of all large one-bedroom units (49 affordable + 1 manager unit) with alley access in the rear and no existing structures, eliminating relocation or demolition costs. The approved plan utilizes cost-efficient Type V wood-frame construction with elevator access, optimizing build costs and long-term returns for developers and investors. The site also includes future potential to add up to 3 accessory dwelling units (ADUs) for additional income. Positioned in a transit-oriented neighborhood with strong rental fundamentals, the property is minutes from the 110 Freeway, Downtown Los Angeles, and USC and surrounded by multiple new construction projects, reinforcing demand in this underserved market. Delivered vacant and permits approved, this project offers both immediate build capacity and enduring market appeal for affordable housing investment.

Additional information

MLS^® ID: 26659161

Interior Features

Bathrooms: 0

Exterior Features

Lot Size: 0.21 Acres

Broker Reciprocity Courtesy of Mulholland Realty, Inc., N. Melody Khoshnoud

Website E2E - Playwright - Full Name

- Phone Number

[email protected] - Email

Jim Halpert - Brokerage Name

76321 - MLS License Number

Data last updated 6:22 AM UTC, 4/10/2026

Based on information from California Regional Multiple Listing Service, Inc. as of 4/10/2026. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.