Replace Parking with up to 9 ADU's

America Partner of Keller Williams Beverly Hills is pleased to present the sale of 7417-7421 S Broadway a 12,505 square foot lot located in South LA, zoned as C2-1VL. Proposed plans for a 39 unit have been submitted to the city and is Ready-to-issue (RTI). The unit mix of this property consists of 2 x studios, 35 x 1 bedroom, and 2 x 2 bedroom units. The building includes an elevator, on grade parking lot, ample bicycle parking, and open space. All utilities including water, electricity, and gas to be separately metered, resulting in low operating expenses and higher income for the owner.

The plans for this project are ready to issue, which means that construction can begin once acquired.

Replace some or all of the existing parking spaces with ADUs. The code allows for a maximum of 25 percent of the total number of existing dwelling units within the complex, which would allow for up to 9 additional ADU units.

The unit mix of 2 studios, 35 one bedroom, and 2 two bedroom units is ideal for the target demographic, which is typically single adults or couples without children.

The area is known for its diverse population and vibrant culture, with a mix of residential and commercial properties. The neighborhood is situated in the southern part of the city and is bordered by several other neighborhoods, including Vernon, Inglewood, and Gardena.
The neighborhood is predominantly residential, with a mix of single-family homes, multi-unit apartment buildings, and commercial properties. The area is known for its diverse population and cultural offerings, including numerous churches, community centers, and cultural events.

Transportation in the area is primarily provided by the Metro Bus system, which offers several routes that serve the neighborhood. The property is also located near the 105 and 110 freeways, providing easy access to other parts of Los Angeles.

South Los Angeles is a diverse and exciting destination for shopping and dining. From local markets offering fresh produce to a wide array of international cuisine, residents will have an abundance of options just steps away from home. The neighborhood has transformed into a culinary and retail hotspot to attract future tenants.

Residents will have access to nearby parks, including the beautiful Exposition Park, which hosts events, cultural attractions, and outdoor activities year-round. The neighborhood's commitment to enhancing parks and recreational facilities will further contribute to its appeal.