774 Broadway Los Angeles, CA 90012
- Parking lots & garages
- 24,800 SF
- 0.61 lot acres
Current Use by Public Records
- China Town Parking $5 / Parking Lot
Property Details for 774 Broadway
- Year built
- 1968
- Lot size
- 0.61 lot acres
- Property size
- 24,800 SF
- Zone code
- LAC2
- Property type
- Parking lots & garages
- APN
- 5408-024-007
- APU
- 5408024007
Description
This exceptional 26,403 square foot commercial land parcel is located at 774 N. Broadway in Los Angeles's vibrant Chinatown neighborhood. Zoned C2-2, it offers significant redevelopment potential, allowing for high-density multifamily or mixed-use development. The property benefits from Transit Oriented Communities (TOC) bonuses and is ideally situated near the Chinatown Metro Station and Union Station, providing convenient access to public transportation. Its prime location within walking distance of numerous amenities, including shops, restaurants, bars, and Dodger Stadium, adds to its desirability. Chinatown's established reputation for new, market-rate multifamily development, coupled with the influx of creative office spaces, makes this a highly attractive investment opportunity. The area's proximity to other desirable Los Angeles neighborhoods, such as Downtown LA, Echo Park, and Silverlake, further enhances its appeal. Abundant onsite parking is also available. The APN is 5408-024-007. This is a rare chance to acquire a substantial land holding in a rapidly evolving and highly sought-after area of Los Angeles.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.238
- Latitude
- 34.0619
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
