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5734 Broadway, Los Angeles, CA 90037
Priced at Only: $2,100,000
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Address: 5734 Broadway, Los Angeles, CA 90037
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  • MLS#: 25613505 ( )
  • Street Address: 5734 Broadway
  • Viewed: 3
  • Price: $2,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 0
  • Days On Market: 165
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90037
  • Provided by: Compass
  • Contact: George George
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    REDUCED! 5734 57376 S Broadway | Los Angeles, CA 90037 | 29 Unit Mixed Use Building | Major Value Add Opportunity | Rare opportunity to acquire a three story, 29 unit mixed use property located in the rapidly improving South Los Angeles corridor. The ground floor features a built out restaurant space plus two 1 bed/1 bath apartments. The second floor offers eight self contained studio units, each with its own kitchen and bathroom, while the third floor includes sixteen single room units with shared restrooms an efficient, high yield mix that generates steady income and strong cash flow potential. In addition, two on site cell phone towers generating additional income. Priced at a crazy low price of $72,413 per unit. With an estimated 30 50% rental upside through property improvements, re tenanting, and proper management, this asset presents an exceptional value add opportunity in one of LA's most active and evolving neighborhoods. Prominently positioned along high visibility S Broadway, the property offers convenient access to Downtown LA, USC, the 110 Freeway, and major transit lines, making it attractive to both residential tenants and commercial operators.
Features
Building Area Total
  1. 11568.00
Common Walls
  1. 1 Common Wall
Cooling
  1. None
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Three Or More
Netoperatingincome
  1. 211758.00
Parcel Number
  1. 5101025033
Parking Features
  1. Assigned
Postalcodeplus4
  1. 4132
Sourcesystemkey
  1. 25613505:CLAW
Totalexpenses
  1. 40086.00
Year Built
  1. 1925
Zoning
  1. LAC2
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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