Partners CRE is proud to present for sale a ready-to-issue (RTI) 40-unit, 100% affordable housing development on a 7,286 SF lot at 11151 S Broadway in Los Angeles. Designed to offer efficient, affordable housing, this project provides significant value to developers seeking a cost-effective development opportunity in the Los Angeles market. The proposed development features a 16,479 SF, four-story, Type V-A construction with a compact, stacked design that maximizes space. With zero parking spaces, the design focuses on efficient, affordable living. All 40 units are thoughtfully composed of 9 studios, 30 one-bedroom, and 1 two-bedroom apartments. Affordable Housing Designation:* 2 Very Low-Income Unit* 31 Low-Income Units* 6 Moderate-Income Units* 1 Market-Rate Manager's UnitRent levels for very low and moderate-income units adhere to HCD Schedule VI, while rents for low-income units follow HUD Schedule I. The property's location may attract Section 8 voucher tenants, offering potential for increased income by approximately 20% per unit. Delivered vacant at COE, this property offers an exceptional opportunity for developers to enter the affordable housing market with a fully RTI project.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Jordan Petito
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Other
Directions Information:
Directions: Broadway and 111th Pl.
Price Information
Listing Price Info
Price Summary:
List Price: $1,590,000
Tax Information:
Annual Amount: $2,503
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $566.5K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24460697
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Jordan Petito
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/15/2024, 3:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 04, 1989
May 04, 1989Home Sold
$85,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,503
$147,332
2020
$2,440
$145,822
2019
$2,319
$142,964
2018
$2,274
$140,162
2017
$2,274
$137,414
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Figueroa Street Elementary School
510 W 111th St
Distance between this listing and this school0.28 miles
Public District Grades KG-5
3
/10
107th Street Elementary & STEAM Magnet
147 E 107th St
Distance between this listing and this school0.55 miles
Public District Grades PK-5
4
/10
118th Street Elementary
144 E 118th St
Distance between this listing and this school0.64 miles
Public District Grades KG-5
Nearby Schools
3
/10
Samuel Gompers Middle School
234 E 112th St
Distance between this listing and this school0.48 miles
Public District Grades 6-8
4
/10
Alliance Jack H. Skirball Middle School
603 E 115th St
Distance between this listing and this school0.83 miles
Public Charter Grades 6-8
7
/10
Alliance College-Ready Middle Academy 4
9719 S Main St
Distance between this listing and this school1.00 miles
Public Charter Grades 6-8
Nearby Schools
5
/10
University Pathways Medical Magnet Academy
11227 S San Pedro St
Distance between this listing and this school0.51 miles
Public Magnet Grades 9-12
2
/10
Alain Leroy Locke College Preparatory Academy
325 E 111th St
Distance between this listing and this school0.58 miles
Public Charter Grades 9-12
8
/10
Alliance Judy Ivie Burton Technology Academy High School
10101 S Broadway
Distance between this listing and this school0.72 miles
The neighbors living near this home have an average income of $16,491. The most common annual income of people living in Los Angeles, CA is less than $35k. Typical family type is married, with kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 11151 S Broadway
What is the listing price of this property?
The listing price of 11151 S Broadway property is $1,590,000.
What type of property is this?
The property 11151 S Broadway is land located in Los Angeles, California, 90061.
Is this property for sale now?
Active Listing: 11151 S Broadway is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,503 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 4, 1989 for $85,000. (source: MLS/tax record).
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This home is located at 11151 S Broadway in Los Angeles, CA and zip code 90061 in the South LA neighborhood. This home sits on a 0.17 acre lot. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $1,590,000.
While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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