The median home value in Los Angeles, CA is $1,160,000.
This is
higher than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Los Angeles, CA is $1,160,000.
Approximately 45.51% of Los Angeles homes are owned,
compared to 47.38% rented, while
5.3% are vacant.
Los Angeles real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Los Angeles real estate agent to arrange a tour today! Learn more about Los Angeles.
This is an affordable housing development opportunity at 5436 S Broadway, a corner lot in in the South Park neighborhood ofLos Angeles. The 6,021 SF lot will be delivered fully entitled for 34 income-restricted housing units and 1 manager unit with no parking required. The project's central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8. Plans call for an efficient four-story project, utilizing Type V-A construction fora stacked design reducing construction costs for the developer. The existing structures will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects. The finished project totals 16,358 SF and has a desirable unit mix of 10 singles (255-315 SF) and 25 one-bedrooms (300-430 SF). The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the project opens avenues of mission driven financing through CDFIs or mission driven lenders (contact agent for details). Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway; close to multiple Metro local lines along S Broadway.
Prime Corner Development Opportunity in Vibrant South Los Angeles! Explore the potential of this expansive 6,143 sq ft lot, zoned LARD 1.5. Unleash your imagination the possibilities are endless for this ideally located property. Although the existing structure requires demolition, this opens the door for fresh, innovative development tailored to modern demands. Previously occupied until 2017, the lot sits at the bustling corner of Normandie Ave & W 41st Pl. Nestled in a culturally rich area, this property is just minutes from the University of Southern California, offering easy access to educational facilities, campus events, and vibrant student life. Its not just close to academia; its also a hub of connectivity to major Los Angeles attractions and business centers, making it a perfect spot for students, professionals, and families looking to build their dream in the heart of South Los Angeles. Surrounded by new development throughout the area. Call Today!
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Based on information from CRISNet MLS as of 6/26/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
