Transit-Oriented RTI Affordable Housing Site

Seize the rare opportunity to acquire a fully entitled, Ready-to-Issue (RTI) affordable housing development site at 8304 S Broadway in Los Angeles, California. The approved project calls for a 30-unit, 100% affordable multifamily community totaling approximately 15,865 square feet, with a thoughtfully designed unit mix of 22 one-bedroom units and eight (8) studios. Estimated to be developed as a four-story building with type V-A construction. As an RTI project, the entitlement process has already been completed, allowing a developer to move directly into permitting and construction. Additionally, the proposed plans are privately funded and not subject to prevailing wage requirements, providing potential cost and timing advantages. Situated on two parcels totaling 6,130 square feet (0.14 acres), 8304 S Broadway features level topography and is zoned LAC2 for multifamily residential development. The site also benefits from its designation as a Tier 2 Transit-Oriented Community (TOC), enhancing the value of this well-positioned urban infill opportunity. Plans include 28 long-term and 4 short-term bicycle parking spaces to support transit-oriented living. 8304 S Broadway offers exceptional regional connectivity with immediate access to Interstate 110 and convenient connections to Interstate 10, providing seamless travel throughout Southern California. Residents will benefit from proximity to Firestone Station, Los Angeles Union Station, LAX, and Long Beach Airport, creating seamless access to employment centers, educational institutions, and out-of-town destinations. Located in the established Canndu/Avalon Gardens neighborhood, the site benefits from a walkable residential setting with convenient access to Exposition Park, USC (University of Southern California), Huntington Park, schools, well-known retailers, and public transportation. The area's affordability, connectivity, and everyday amenities make it an attractive location for future residents. Supporting the long-term appeal of the offering, the surrounding market is characterized by a strong renter base, with 75% of nearby housing occupied by renters within a one-mile radius. Combined with the region's ongoing need for affordable housing, transit accessibility, and established residential infrastructure, 8304 S Broadway presents a compelling opportunity to deliver much-needed housing in one of Los Angeles' most supply-constrained markets. Property tours are available by appointment only. Please contact the listing broker to schedule.