Residential Income – 957 S Broadway, Los Angeles, CA 90015, USA -001-11-30T00:00:00-08:00
The Broadway is a high-rise mixed use development situated on the northwest corner of Broadway and Olympic Boulevard in the hip Historic Core, one of the most exclusive districts in Downtown Los Angeles. The 20,663 sq. Ft. Lot is fully entitled for the const
957 S Broadway, Los Angeles, CA 90015, USA
$18,000,000 USD
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Address957 South Broadway, Los Angeles
Price$18,000,000
Price Changed21.73% (-$5,000,000, 13 days ago)
Year Built2017
Bedrooms Total0
Living Area184,705 ft2
Lot Size (Sq.Ft.)20,663
Listing IDSR17124464
StatusActive
Parcel Number5139003009
ZoningLAC2
Special ConditionsStandard
Days on Market172

Detailed Description: The Broadway is a high-rise mixed use development situated on the northwest corner of Broadway and Olympic Boulevard in the hip Historic Core, 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., 15 story residential condominium building offering 163 condominium units and a rooftop pool and gym. Approved project plans feature: – Four (4) level subterranean parking garage offering 221 car parking spaces and 202 bicycle spaces – 50 sq. Ft. Balconies on most units in the complex – 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 Zinque Restaurant @ 939 S. Broadway (opening early 2018) Staples Center, LA Live, LA Convention Center, Whole Foods, The Bloc, Grand Hope Park, Pershing Square and the LA Fashion District all within 1 mile radius. Unit Breakdown: 1 Bedroom: 119 units 2 bedroom: 44 units Planning Data: APN: 5139003007,5139003008,5139003009 Zoning: [Q] C2-4D-CDO Interest Offered: Fee Simple Floor Area Ratio: 8.9: 1 (184,705 sq. Ft.) Maximum Floor Area Ratio: 13: 1 (268,619 sq. Ft.)

Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address957 South Broadway, Los Angeles
Street PrefixSouth
CityLos Angeles
Location (MLS Area)C42 – Downtown L.A.
County Or ParishLos Angeles
CountryUS
Financial Information
Price Changed-21.7391%
Previous Price$23,000,000
Price per Square Foot$97.45
Price per Lot Square Foot$871.12
Special ConditionsStandard
Gross Income$606,709
Gross Scheduled Income$606,709
Net Operating Income$606,709
Tax Year2017
Tax Lot5,139
Full Descriptions
Parcel Number5139003009
Detailed DescriptionThe Broadway is a high-rise mixed use development situated on the northwest corner of Broadway and Olympic Boulevard in the hip Historic Core, 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., 15 story residential condominium building offering 163 condominium units and a rooftop pool and gym. Approved project plans feature: – Four (4) level subterranean parking garage offering 221 car parking spaces and 202 bicycle spaces – 50 sq. Ft. Balconies on most units in the complex – 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 Zinque Restaurant @ 939 S. Broadway (opening early 2018) Staples Center, LA Live, LA Convention Center, Whole Foods, The Bloc, Grand Hope Park, Pershing Square and the LA Fashion District all within 1 mile radius. Unit Breakdown: 1 Bedroom: 119 units 2 bedroom: 44 units Planning Data: APN: 5139003007,5139003008,5139003009 Zoning: [Q] C2-4D-CDO Interest Offered: Fee Simple Floor Area Ratio: 8.9: 1 (184,705 sq. Ft.) Maximum Floor Area Ratio: 13: 1 (268,619 sq. Ft.)
Lot Features0-1 Unit / Acre
Community FeaturesUrban
Water SourcePublic
Laundry FeaturesDryer Included, Washer Included
Pool FeaturesPrivate, Lap Pool, Roof Top
Property parameters
Year Built2017
Living Area (Sq.Ft.)184,705 ft2
Lot Size (Sq.Ft.)20,663
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total163
ZoningLAC2
Parking Spaces221
Garage Spaces221
Water SourcePublic
Units Total163
Listed withRommy Shy (Rommy Shy)