Contact Xavier Gomez
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7511 Broadway, Los Angeles, CA 90003
Priced at Only: $2,926,000
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Address: 7511 Broadway, Los Angeles, CA 90003
Property Location and Similar Properties
- MLS#: SB26002050 ( Apartment )
- Street Address: 7511 Broadway
- Viewed: 1
- Price: $2,926,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1960
- Bldg sqft: 0
- Days On Market: 30
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90003
- Provided by: Lyon Stahl Investment Real Estate, Inc.
- Contact: Aaron Aaron

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Description75097521 S Broadway presents an opportunity to acquire a strong cash flowing asset in South Los Angeles, with achievable value add potential. Offered at just $195 per square foot and 8.99 GRM, the property provides an attractive cost basis for investors seeking both immediate cash flow and has the potential to convert the uncovered parking into multiple ADUs. With SB1211, a buyer can build up to (8) ADUs that can increase value tremendously. (Buyer to Verify feasibility of ADUs). Using conservative construction costs, building out (8) 2 Bed/1 Bath ADUs, the property can operate at a 6.61 GRM and 10.41% Cap Rate, while still achieving upside through unit turns and renovations. Situated along South Broadway, the property benefits from proximity to major transit routes, employment centers, and new development projects reshaping the surrounding neighborhood.
Features
Building Area Total
- 15000.00
Commoninterest
- Community Apartment
Common Walls
- No Common Walls
Country
- US
Days On Market
- 27
Electric Expense
- 0.00
Entry Location
- Front
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Insurance Expense
- 0.00
Laundry Features
- Community
Lot Features
- 0-1 Unit/Acre
Netoperatingincome
- 178179.00
Number Of Separate Electric Meters
- 16
Number Of Separate Gas Meters
- 16
Parcel Number
- 6031010030
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 454093232:CRM
Totalexpenses
- 137686.00
Trash Expense
- 0.00
Uncovered Spaces
- 20.00
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1960
Year Built Source
- Assessor
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com
















