17
See all 17 photos
$1,500,000
Est. payment /mo
16 Beds
10 Baths
11,568 SqFt
Price Dropped by $600K
5734 S Broadway Los Angeles, CA 90037
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,568 sqft
Price per Sqft $129
MLS Listing ID 25613625
Bedrooms 16
Year Built 1925
Lot Size 8,353 Sqft
Acres 0.1918
Property Description
REDUCED! 5734-5736 S Broadway 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 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 $51,724 per unit. Seller has vacated 10 units and they're ready for you to add value and get higher/market rents. Restaurant is month-to-month and, if replaced or renegotiated, should bring in at least twice the current rent of $2,450. 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. Once stabilized, this building should be a cash-cow!
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAC2
Exterior
Garage Spaces 9.0
Building
Story 3
Others
Special Listing Condition Standard
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Listed by Compass
NEARBY SCHOOL & BUSINESS
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