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    953 S Broadway

    Los Angeles, CA 90015
    • $20,900,000
    • STATUS: Active
    • ON SITE: 278 days
    • ID#: SR20041827
    UPDATED: 72 min ago
    $20,900,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,946
      SQFT
    • $2,630
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    INCREDIBLE DEVELOPMENT OPPORTUNITY!ALL PLANS APPROVED AND PERMIT READY TO ISSUEThe Broadway is a FULLY ENTITLED high-rise mixed use development situated on the northwest corner of Broadway & Olympic Boulevard in hip South Park , one of the most exclusive districts in Downtown Los Angeles. The 20,663 sq. ft. lot is fully entitled for the construction of a 166 ft., 184,000 sq. ft., 15 story residential condominium building offering 163 condominium units and a rooftop poo, spa and gym. Approved project plans feature: - Four (4) level subterranean parking garage offering 221 car parking spaces and 202 bicycle spaces. Plans call for 50 sq. ft. balconies on most units in the complex and 4,920 sq. ft. of street level retail space. Neighborhood destinations are The Ace Hotel @ 929 S. Broadway, United Artists / The Theatre at Ace Hotel @ 933 S. Broadway, Umami Burger Broadway @ 852 S. Broadway, Orpheum Theatre @ 842 S. Broadway and Zinque Restaurant @ 939 S. Broadway. Staples Center, LA Live, LA Convention Center, Whole Foods, The Bloc, Grand Hope Park, Pershing Square & the LA Fashion District are all within 1 mile radius. Unit Breakdown: 1 Bedroom: 119 units, 2 bedroom: 44 units. APN: 5139003007, 5139003008, 5139003009 Zoning: [Q] C2-4D-CDO. 9.2 FAR allowed.Anticipated sales prices of around $950/ft. for the residential units

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    Based on information from CRISNet MLS as of 2020-12-01T08:56:20.373. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-12-01T08:56:20.373. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/103558747
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    953 S Broadway Los Angeles, CA 90015

    • Price: $20,900,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: SR20041827
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    7,946
    SQFT
    $2,630
    $/SQFT
    1941
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    INCREDIBLE DEVELOPMENT OPPORTUNITY!ALL PLANS APPROVED AND PERMIT READY TO ISSUEThe Broadway is a FULLY ENTITLED high-rise mixed use development situated on the northwest corner of Broadway & Olympic Boulevard in hip South Park , one of the most exclusive districts in Downtown Los Angeles. The 20,663 sq. ft. lot is fully entitled for the construction of a 166 ft., 184,000 sq. ft., 15 story residential condominium building offering 163 condominium units and a rooftop poo, spa and gym. Approved project plans feature: - Four (4) level subterranean parking garage offering 221 car parking spaces and 202 bicycle spaces. Plans call for 50 sq. ft. balconies on most units in the complex and 4,920 sq. ft. of street level retail space. Neighborhood destinations are The Ace Hotel @ 929 S. Broadway, United Artists / The Theatre at Ace Hotel @ 933 S. Broadway, Umami Burger Broadway @ 852 S. Broadway, Orpheum Theatre @ 842 S. Broadway and Zinque Restaurant @ 939 S. Broadway. Staples Center, LA Live, LA Convention Center, Whole Foods, The Bloc, Grand Hope Park, Pershing Square & the LA Fashion District are all within 1 mile radius. Unit Breakdown: 1 Bedroom: 119 units, 2 bedroom: 44 units. APN: 5139003007, 5139003008, 5139003009 Zoning: [Q] C2-4D-CDO. 9.2 FAR allowed.Anticipated sales prices of around $950/ft. for the residential units
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Area 7946.0000 Parking Total 163.00

    Interior Features

    Common Walls No Common Walls Laundry Features Inside Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features Urban Electric Expense 0.00 Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 0.00 Insurance Expense 0.00 Land Lease YN No Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 163 Number Of Separate Gas Meters 163 Number Of Separate Water Meters 163 Operating Expense 0.00 Pool Features PrivateRoof Top Pool Private YN Yes Professional Management Expense 0.00 Property Attached YN No Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Lac2

    Listing provided courtesy of Rommy Shy, CA DRE# , of Rommy Shy.


    Based on information from CRISNet MLS as of 2020-12-01T08:56:20.373. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-12-01T08:56:20.373. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211