5100 Broadway Los Angeles, CA 90037

Property Details for 5100 Broadway

Property size

34,374 SF

Property type

Churches & religious facilities

Property subtype

Parking lots & garages

Description

This exceptional investment opportunity presents two properties totaling approximately 71,288 square feet on a prominent corner lot at the intersection of 51st Street and South Broadway in Los Angeles, CA 90037. The main property is a three-story, 34,374 square foot church building situated on a 23,000 square foot lot. The church features a spacious worship area with a separate baptismal pool, multiple classrooms and meeting rooms, administrative offices, a kitchen and fellowship hall, and 11 restrooms, along with ample storage space. The building boasts distinctive architectural details and enjoys prime visibility. Included in the sale is an adjacent 35,644 square foot parking lot located at 5012 S Broadway, offering significant potential for additional income through leasing or redevelopment. The combined properties are zoned C2-1VL-CPIO, a flexible commercial zone allowing for a variety of uses including retail, offices, hotels, parking structures, limited manufacturing, and even some residential uses, subject to specific community regulations. This vibrant South Los Angeles location is undergoing revitalization, presenting a unique opportunity for religious organizations or commercial developers seeking a large-scale project with significant upside potential in a rapidly evolving area. The asking price for this combined property is $9,000,000.