8000 S Broadway

Los Angeles, CA 90003

  • 0 Bed(s)
  • 0 Bath(s)
  • 57,680 Sqft
  • 36897
    Sqft(Lot)
$11,000,000

Description

We are proud to present broadway city lights, located at 8000 s. broadway in los angeles, ca. this affordable housing community is managed under the low-income housing tax credit (lihtc) program, offering units at affordable rents for families meeting specific income qualifications.



the project was completed in 2005 and consists of (49) 4-bedroom + 2-bath units totaling 57,680± building square footage. situated on a 0.84-acre lot, the property provides secured parking with (50) parking spaces, on-site laundry, and an impressive 2,500± sf unused community center located on the ground floor, which would be an ideal location for a wraparound services center, as well as a dedicated leasing office situated off the main lobby.



the property is a value-added opportunity that provides for tremendous upside through the implementation of a strategic capital improvement plan and stabilization of the asset while lowering operating costs. there are significant advantages of implementing a more voucher-centric approach that would allow for increased revenue by taking advantage of the voucher program standard (vps) as posted on hacla for 2-bedroom units and applying those rents to the 4-bedroom units as well as increasing the capacity of the current on-site laundry facility.



*the property is eligible for the property tax welfare exemption for those aligned with a 501(c) (3), reducing the property takes by over 90%. more information can be found at: california state board of equalization.



broadway city lights represents a rare and ideal opportunity for a savvy investor looking to acquire an affordable housing property, below replacement cost and that allows for significant upside potential.



south los angeles, often called “south la,” is a region with a rich history, diverse population, and a unique cultural heritage. it encompasses numerous neighborhoods. this area is known for its community-driven initiatives, historical significance, and the challenges and opportunities it faces in terms of economic development, public safety, and housing.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48843167

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 2005
    • Building Area Total: 57,680

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.847
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 36897

  • Listing Price Information

    • Original List Price: 11,000,000
    • Listing Contract Date: 2025-03-04

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 6031026026

  • Garage and Parking

    • Garage Description: Gated

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: C37 - Metropolitan South
    • Postal Code Plus 4: 2440
    • Directions: 8000 S Broadway, Los Angeles, CA 90003
    • Zoning: LAC2
    • Source Property Type: Residential Income
    • Area: C37 - Metropolitan South
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 20
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 04/28/2025 @ 13:05

  • MLS: SR25047475
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 57,680 sqft, 36,897 sized lot, and 0 parking. are nearby neighborhoods.