8445 S Broadway Los Angeles, CA 90003
Florence NeighborhoodEstimated payment $9,657/month
About This Lot
We are proud to present for sale a street to street oversized commercially zoned lot just off the 110. Measuring 50 feet wide by 227 feet deep, the property offers tremendous possibilities in design on this 11,376 SF lot. Build up to 91 +/- residential units on this lot! This long-time vacant lot is not subject to RSO or replacement units. Zoned C2-1-CPIO Tier 3 TOC, focus on Mixed Income or even Mixed Use - at a higher density with Ministerial Approval through CHIP. Situated just north of Manchester Ave., the property is in a commercial corridor, just a few doors north of a restaurant, near a Bank of America, H&R Block, mini market, laundromat and much more. Walk Score states that this area is Very Walkable, with Good Transit and is Bikeable. The Seller has started work on Entitlements for 53 Units, 4 stories with no parking - the property is offered without Entitlements, but the Seller will entertain all offers. The Project will not be continued by the Seller.
Property Details
Property Type
- Land
Est. Annual Taxes
- $14,751
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 50 x 227
- Property is zoned C2-1-CPIO - Tier 3
Utilities
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 6040-005-014
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,751 | $1,225,695 | $1,225,695 | -- |
| 2024 | $14,751 | $1,201,662 | $1,201,662 | -- |
| 2023 | $14,465 | $1,178,100 | $1,178,100 | $0 |
| 2022 | $13,792 | $1,155,000 | $1,155,000 | $0 |
| 2021 | $9,295 | $762,821 | $762,821 | $0 |
| 2020 | $1,372 | $86,938 | $86,938 | $0 |
| 2019 | $1,330 | $85,234 | $85,234 | $0 |
| 2018 | $1,203 | $83,563 | $83,563 | $0 |
| 2016 | $1,157 | $80,319 | $80,319 | $0 |
| 2015 | $1,141 | $23,225 | $23,225 | $0 |
| 2014 | $482 | $22,771 | $22,771 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2025 03/25/25 | For Sale | $1,526,000 | +32.1% | -- |
| 12/17/2021 12/17/21 | Sold | $1,155,000 | -10.8% | -- |
| 07/30/2021 07/30/21 | For Sale | $1,295,000 | +12.1% | -- |
| 07/28/2021 07/28/21 | Off Market | $1,155,000 | -- | -- |
| 07/07/2021 07/07/21 | For Sale | $1,295,000 | +71.5% | -- |
| 03/05/2020 03/05/20 | Sold | $755,000 | +51.0% | -- |
| 02/12/2020 02/12/20 | Pending | -- | -- | -- |
| 02/01/2020 02/01/20 | For Sale | $499,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,155,000 | None Listed On Document | |
| Grant Deed | $755,000 | Fidelity National Title |
Source: The MLS
MLS Number: 25516477
APN: 6040-005-014
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