$483.50 Per Sq Foot $12,347 est/mo Sourced by Back At You

10721 S Broadway,Los Angeles, CA 90061

Los Angeles CA, 90061

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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!

Details

MLS#24380891
Listing TypeFor Sale
Building Name108 Motel
Sub-TypeResale
StatusActive
Year1961
Days On Site38
Listing Provided ByKeller Williams Downtown LA 213-797-7000 | Michael R. Fukushima

Features

SQ Feet4,757
Units20
Building(s)2
ZoningLAC2
Acreage0.29

Market Activity 90061

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 4 minutes ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90061
AreaC37 Metropolitan South
Listing VS Median (in 90061)
Price:
$2,300,000
low | high
Med:
$1,950,000
65.217391304348% of Average
SqFt:
4,757
low | high
Med:
5,516
34.04456590288% of Average
$ / SqFt:
$483
low | high
Med:
$354
76.88345366838% of Average
On Site:
38
low | high
Med:
105.000000
36.190476190476% of Average
Sourced by Back At You
Listing Updated: May 9, 2024 at 3:44:49 PM PDT