Apartment Building with
For Sale
$2,195,000
5734 S Broadway, Los Angeles, CA 90037
Three-story property combines residential units with a built-out street-level restaurant and rooftop cell tower.
Property Size11,568 SF
Days on Market304
Property Features for 5734 S Broadway
General Information
Standard status
Active
Size
11,568 SF
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
8 x STUDIO/1BTH, 3 x 1BDR/1BTH, 17 x EFCY
Multifamily Units
28
Building Details
Building Size
11,568 SF
Year Built
1925
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Compass
(323) 578-8423
Listed By:
George Morales · License #01984555
Source:
Milsteinestates
Added: Oct 31, 2025
Changed: Aug 29
Last Checked: Aug 29 at 6:21PM
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 Compass
Investment Insights
Based on property information with market context.
Built in 1925, this three-story apartment property includes a street-level restaurant component and residential accommodations across the upper floors. The ground level also contains three apartments. The second floor has eight studio units, each with a kitchen and bathroom, while the third floor contains seventeen efficiency units served by shared restrooms. Thirteen units have been vacated for renovation, re-tenanting, or management changes. The restaurant operates on a month-to-month arrangement, and a Verizon cell tower occupies the roof, providing an additional income component.
The property fronts S Broadway in Los Angeles and offers access to Downtown LA, USC, the 110 Freeway, and major transit lines. Its combination of apartments, commercial space, and rooftop communications infrastructure creates a varied operating profile within one building.
The property fronts S Broadway in Los Angeles and offers access to Downtown LA, USC, the 110 Freeway, and major transit lines. Its combination of apartments, commercial space, and rooftop communications infrastructure creates a varied operating profile within one building.
Key Highlights
- Three‑story apartment property built in 1925
- Eight studio units with individual kitchens and bathrooms
- Seventeen efficiency units with shared restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$171,783
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,435,660
$3.4M
Cap Rate 7%
$2,454,043
$2.5M
Cap Rate 9%
$1,908,700
$1.9M
Market Conditions
NOI Build-Up for 11,568 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$314.5K $27.19/SF
− Vacancy
−$2.2K −$0.19/SF
EGI
$312.3K $27.00/SF
− OpEx
−$140.5K −$12.15/SF
NOI
$171.8K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,435,660
Cap Rate 7%
$2,454,043
Cap Rate 9%
$1,908,700
Alternative Uses
Best Use
Specialty Retail
$4.32M
$3.78M – $5.05M
NOI $302,725 @ 7.0% cap · market cap 13.79%
Second Best
Mixed Use
$3.35M
$2.93M – $3.90M
NOI $234,252 @ 7.0% cap · market cap 10.67%
Theoretical Best
Office A
$4.53M
$3.97M – $5.29M
NOI $317,293 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
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 - Three-story property combines residential units with a built-out street-level restaurant and rooftop cell tower.
Where is this apartment building located?
The property is located at 5734 S Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Three‑story apartment property built in 1925; Eight studio units with individual kitchens and bathrooms; Seventeen efficiency units with shared restrooms
