Millman Team Real Estate

$1,344,000
0.15 Acre Lot

9218 S Broadway, Los Angeles, California 90003

  • Land Property Type
Property Description

**Fully RTI** Entitled 21,745 SF development site located at 9214 & 9218 S. Broadway. The property is zoned C2 and currently improved with a commercial building. Plans are approved for a 5-story, 42-unit multifamily development with 18,398 SF of net rentable area on a 6,543 SF combined parcel. RTI plans will be delivered at the close of escrow, allowing the buyer to bypass entitlement risk and proceed directly to permitting and construction. Designed as 100% affordable housing under AB 2345, the project benefits from incentives including no parking requirement, streamlined density, and efficient build-out. *** Projected Gross Monthly Income is $93,570, with a Projected Gross Annual Income of $1,122,840.*** T. Strategically positioned along the South Broadway corridor, this transit-oriented site is steps from Metro Bus Line 45 and offers direct access to the I-110 and I-105 freeways, connecting to Downtown LA, USC, Inglewood, LAX, and the South Bay employment hubs. This offering presents a rare opportunity for developers and investors to deliver stable, income-restricted housing in a supply-constrained market supported by strong rental demand and ongoing public/private investment in the South Los Angeles corridor.

Basic Details
Land
For Sale
SR25199749
$1,344,000
None
0.15 Acre
Active
Features
$0
Address Map
CA
Los Angeles
Los Angeles
90003
Broadway
9218
S. Broadway and W. 92nd St
699 - Not Defined
S
LAC2
Additional Information
$0
$0
$0
$0
$0
: Curbs
: Value In Land
2025-09-05
: Public
Broker/Agent Information
Sync Brokerage
Rana Khanjani
Listing Information
SR207064568
SR0014706
Cash,Cash to New Loan
Active
2025-09-06T00:39:15Z
CRMLS
: Standard
2025-09-05T17:12:40Z
Agent info
Ray Millman
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