9825 S. Broadway, Los Angeles, CA 90003
Description
Maher Commercial Realty is pleased to present an exceptional opportunity to acquire an approximately 1,857-square-foot church structure with 46 car parking and an additional bungalow that does not appear to be affixed to the land. The site is approximately 11,064-square-feet zoned C2-1VL-CPIO, TOC Tier 3, in South Central Los Angeles.
Property uses include a church, recycling center, tow yard, vehicle storage, property storage, auto service, auto body work, construction equipment storage, tire supplier, community services.
With significant development potential, the CHIP Ordinance density bonus rules estimate a maximum of 59 units, though required open space and bicycle parking provisions reduce the total buildable units to 56. Using the TOC Tier 3 density rules, the site allows for up to 48 units, providing another viable option for maximizing density. Using ED1 100% affordable housing density rules, the maximum allowable units are 49, with open space and parking requirements limiting the total to 46.
At $71.85 per square foot of land and just $14,196 per buildable door, this offering presents an exceptional value for developers. With Los Angeles facing a persistent housing shortage and strong rental demand, this property is well-positioned for a high-impact development that aligns with the city’s urgent need for more housing. The property is also conveniently located near several parks and recreation centers, including the Green Meadows Recreation Center, which offers a variety of sports facilities and community programs, and the Mary McLeod Bethune Park, featuring playgrounds and picnic areas, both within a mile of the site.
Property Features:
- Purchase Price: $795,000
- Building Size: 1,857 Square Feet
- Land Area: ±11,064 Square Feet
- Parking: 46 Cars
- Price Per Sq.Ft. on Land: $71.85
- Zoning: C2-1VL-CPIO TOC Tier 3
Property Highlights:
- The site consists of a 1,857 Sq.Ft. church structure and an additional bungalow that does not appear to be affixed to the land
- Approximately 11,064-square-foot parcel zoned C2-1VL-CPIO, TOC Tier 3
- Property uses include a church, recycling center, tow yard, vehicle storage, property storage, auto service, auto body work, construction equipment storage, tire supplier, community services.
- CHIP Ordinance density bonus rules estimate a maximum of 59 units, though required open space and bicycle parking provisions reduce the total buildable units to 56
- Available for $71.85 per square foot of land and just $14,196 per buildable door
- This property is well-positioned for a high-impact development that aligns with the city’s urgent need for more housing
- Conveniently located near several parks and recreation centers, including the Green Meadows Recreation Center and Mary McLeod Bethune Park are within one mile of the site.
Address
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Address 9825 S. Broadway, Los Angeles, CA 90003
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Country United States
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Postal code/ZIP 90003
Overview
- Property ID 9825 S. Broadway, Los Angeles, CA
- Price $795,000.00
- Property Type Special Purpose
- Property status For Sale
- Size 11,064 SqFt
- Zoning C2-1VL-CPIO TOC Tier 3
- Parking Spaces 46
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Contact
Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093