South Los Angeles Multifamily
For Sale
$1,300,000
7307 S Broadway, Los Angeles, CA 90003
Value-add multifamily property with income enhancement potential in South Los Angeles.
Property Size4,469 SF
Price / SF$290.89
Days on Market272
Property Features for 7307 S Broadway
General Information
Standard status
Active
Size
4,469 SF
Property subtype
Multifamily
Building Details
Building Size
4,469 SF
Year Built
1965
Listing Agency:
Lee & Associates - Pasadena
(626) 240-2785
Listed By:
Elliott Gallahan · License #CalDRE #02038135
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 23
Last Checked: Aug 24 at 4:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Pasadena
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
