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1909 Broadway, Los Angeles, CA 90031
Priced at Only: $2,300,000
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Address: 1909 Broadway, Los Angeles, CA 90031
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  • MLS#: 26666077 ( )
  • Street Address: 1909 Broadway
  • Viewed: 6
  • Price: $2,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1915
  • Bldg sqft: 0
  • Days On Market: 22
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90031
  • Provided by: Marcus & Millichap
  • Contact: Shara Shara
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present 1909 N Broadway, a two story, 16 unit apartment community located in the heart of Lincoln Heights. Offered for sale for the first time in 47 years, the property presents an opportunity for investors to capture rental upside as units turn over. Built in 1915, the unit mix consists of (2) bachelors, (6) studios, (4) one bedroom/one bath units, and (4) one bedroom/two bath units. The building spans approximately 7,607 square feet of living space on an 8,208 square foot lot. The property is master metered for water, gas, and electricity and includes three recently replaced 40 gallon water heaters. Additional features include gated entry, a shared restroom on each floor currently utilized for storage, and no on site parking. Situated along N. Broadway just west of the 5 Freeway, the property benefits from a strong walk score of 89 and close proximity to local markets, neighborhood dining, and Chavez Ravine, home of Dodger Stadium. Downtown Los Angeles, Chinatown, the Arts District, Boyle Heights, and surrounding neighborhoods are only minutes away, with convenient access to both the 110 and 5 Freeways providing connectivity throughout Greater Los Angeles.
Features
Appliances
  1. Refrigerator
Building Area Total
  1. 7607.00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Multi/Split
Netoperatingincome
  1. 109431.00
Parcel Number
  1. 5447022004
Parking Features
  1. None
Sourcesystemkey
  1. 26666077:CLAW
Totalexpenses
  1. 106378.00
Vacancyallowance
  1. 6648
Year Built
  1. 1915
Year Built Source
  1. Assessor
Zoning
  1. LAUV(CA)
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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