7307 S Broadway Los Angeles, CA 90003
Value-add multifamily property with income enhancement potential in South Los Angeles.
Property size:
4,469 SFProperty Features for 7307 S Broadway
General Information
- Size
- 4,469 SF
Building Details
- Year built
- 1965
Source:
Lee-associates
Listing Agent: Elliott Gallahan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
South Los Angeles Multifamily Investment
Located in the Florence-Firestone district of South Los Angeles, 7307 S Broadway is a multifamily property built in 1965. The building encompasses seven units within approximately 4,469 square feet on a 6,183-square-foot parcel. The property represents a value-add investment with income enhancement potential. The location is a high-density corridor with demand for affordable housing near employment hubs and transit lines. The property features seven one-bedroom, one-bath units, each averaging about 640 square feet. All units are currently on month-to-month leases, governed by the Los Angeles Rent Stabilization Ordinance (RSO). In-place rents trail submarket averages by approximately 20 percent. The property's electric and gas are separately metered and tenant-paid, with master-metered water. Parking includes driveway and street spaces. The property is situated in a Liquefaction Zone but is clear of flood risks. The LAC2 zoning allows commercial overlay for future flexibility. The property offers a 20 percent rent escalation opportunity and proximity to urban amenities in a resilient market.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.278675
- Latitude
- 33.97342
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FAQs
What type of property is this?
Apartment building - Value-add multifamily property with income enhancement potential in South Los Angeles.
Where is this apartment building located?
The property is located at 7307 S Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: - Significant Rent Increase Potential: In-place rents are approximately 20% below submarket averages, offering a clear opportunity to increase income.; - Stable Investment in High-Demand Location: Located in the Florence-Firestone district of South Los Angeles, a high-density corridor with consistent demand for affordable housing.; - Streamlined Operations with Uniform Unit Mix: All seven units are identical one-bedroom, one-bath layouts, enabling economies of scale.