Two-Story 16-Unit Apartment
For Sale
$1,985,000
1909 N Broadway, Los Angeles, CA 90031
Built in 1915, this master-metered 16-unit community includes a unit mix of studios and one-bedroom apartments.
Property Size7,607 SF
Lot Size0.19 Acres
Price / SF$260.94
Days on Market156
Property Features for 1909 N Broadway
General Information
Standard status
Active
Size
7,607 SF
Lot size
0.19 Acres
Property subtype
Multifamily
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
4.76%
Multifamily Units
16
Amenities
gated entry
shared restroom
Value-add opportunity with 34% rental upside
First time on market in more than 47 years
Prime Lincoln Heights neighborhood
Proximity to Downtown Los Angeles, Chinatown, the Arts District, and Dodger Stadium
Walk Score: 89
Building Details
Building Size
7,607 SF
Year Built
1915
Stories
2
Units
16
Listing Agency:
Encino Office
Listed By:
Sev Keshishian · License #License(s): CA: 01887505
(818) 212-2694
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 7
Last Checked: Sep 4 at 2:21AM
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 Encino Office
Investment Insights
Based on property information with market context.
Marcus & Millichap presents 1909 N Broadway, a two-story, 16-unit apartment community built in 1915. The property features a mix of (2) bachelor units, (6) studios, (4) one-bedroom/one-bath units, and (4) one-bedroom/two-bath units. The building is master-metered for water, gas, and electricity, and it includes three recently replaced 40-gallon water heaters. Additional onsite features include a gated entry and a shared restroom on each floor currently utilized for storage. There is no on-site parking.
The property is located along N. Broadway just west of the 5 Freeway. It has a walk score of 89 and offers close proximity to local markets and neighborhood dining, with Chavez Ravine and Dodger Stadium nearby. Downtown Los Angeles, Chinatown, the Arts District, Boyle Heights, and surrounding neighborhoods are described as minutes away, with access to both the 110 and 5 Freeways for connectivity throughout Greater Los Angeles.
The property is located along N. Broadway just west of the 5 Freeway. It has a walk score of 89 and offers close proximity to local markets and neighborhood dining, with Chavez Ravine and Dodger Stadium nearby. Downtown Los Angeles, Chinatown, the Arts District, Boyle Heights, and surrounding neighborhoods are described as minutes away, with access to both the 110 and 5 Freeways for connectivity throughout Greater Los Angeles.
Key Highlights
- 16‑unit, two‑story apartment community built in 1915 in Lincoln Heights
- Unit mix: (2) bachelors, (6) studios, (4) 1 bed/1 bath, and (4) 1 bed/2 bath
- Approximately 7,607 SF of living space on an 8,208 SF lot
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,711
Businesses Nearby
Explore this area
Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
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 - Built in 1915, this master-metered 16-unit community includes a unit mix of studios and one-bedroom apartments.
Where is this apartment building located?
The property is located at 1909 N Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: 16‑unit, two‑story apartment community built in 1915 in Lincoln Heights; Unit mix: (2) bachelors, (6) studios, (4) 1 bed/1 bath, and (4) 1 bed/2 bath; Approximately 7,607 SF of living space on an 8,208 SF lot
