17
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$2,195,000
Est. payment /mo
11,568 SqFt
Active
5734 S Broadway Los Angeles, CA 90037
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Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 11,568 sqft
Price per Sqft $189
MLS Listing ID CL25613625
HOA Y/N No
Year Built 1925
Lot Size 8,353 Sqft
Acres 0.1918
Property Sub-Type Comm Ind For Sale
Property Description
REDUCED! 5734-5736 S Broadway 29-Unit Mixed-Use Building | One Cell Tower plus a Restaurant. 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 three apartment units. The second floor offers eight self-contained studio units, each with its own kitchen and bathroom, while the third floor includes seventeen efficiency units with shared restrooms... An efficient, high-yield mix that generates steady income and strong cash-flow potential. Priced at a crazy low price of $75,689 per unit. Seller has vacated 13 units and they're ready for you to add value and get higher/market rents. Restaurant is month-to-month and currently bringing in $2,450...which could be doubled with a different user/operator. UNIT MIX IS AS FOLLOWS: 8 STUDIO/1BTH, 3 1BDR/1BTH, 17 EFCY (studio units on a floor with shared bathrooms) 1 Restaurant- Street Level. 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. There is also additional income of $4,263 per month from the Verizon Cell Tower on the roof. The Sellers have been approached to sell just the cell tower easement in the $800K+ range. Once stabilized, this building could be a cash-cow!
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Fireplace No
Exterior
Total Parking Spaces 9
Building
New Construction No
Others
Tax ID 5101025033
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Listed by George Morales • Compass
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