5975 Broadway Los Angeles, CA 90003-1158
- Investment properties
- 6,858 SF
- 0.13 lot acres
Current Use by Public Records
- Investment properties
Property Details for 5975 Broadway
- Year built
- 1919
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Property size
- 6,858 SF
- Zone code
- LAC2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 6005-004-013
- APU
- 6005004013
Description
This exceptional mixed-use property, located at 5975-5979 S Broadway in Los Angeles, CA 90003, presents a compelling value-add redevelopment opportunity. Priced at $1,709,000, this Class C property encompasses 6,858 square feet across two buildings on a 0.13-acre lot (APN 6005-004-013). The property boasts 100% occupancy with a diverse tenant mix, including a mini-market and an appliance store on the ground floor, generating consistent cash flow. Upstairs, eight multi-family units provide stable rental income, complemented by a single-family residence. The two-story structure offers ample parking for tenants and customers. This prime South Broadway location ensures high visibility and strong rental demand. The 5.30% cap rate and established tenants make this an attractive investment for both seasoned investors and developers seeking a lucrative redevelopment project in a thriving Los Angeles neighborhood. The property's strong cash flow, combined with its redevelopment potential, positions it for significant long-term growth. This is a rare opportunity to acquire a well-positioned, income-producing asset in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $315,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $315,000
- Mixed-Use
- $305,000
- Hospitality
- $285,000
- Educational
- $350,000
- Residential Income
- $305,000
- Energy
- $315,000
- Income-Based Land
- $310,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.279
- Latitude
- 33.9853
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA