South Los Angeles Multifamily
7307 S Broadway, Los Angeles, CA 90003
Value-add multifamily property with income enhancement potential in South Los Angeles.
Type:Multifamily
Property size:
4,469 SFPrice / SF:
$290/SF- Added:
- Nov 26, 2025
- Days on Market:
- 174
- Last Refresh:
- Apr 5 at 9:08 pm
Property Features for 7307 S Broadway
General Information
- Standard status
- Active
- Size
- 4,469 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agent Elliott Gallahan License #CalDRE #02038135 (626) 240-2785
Listing office Lee & Associates - Pasadena (626) 240-2785
Listing date Nov 26, 2025
Source Lee-associates
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
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.
- Favorable Utility Structure: Tenants pay for separately metered electric and gas, while the owner only covers master‑metered water, resulting in low operating expenses.
- Value‑Add Opportunity with Minimal Deferred Maintenance: The property is in stable physical condition, allowing immediate focus on revenue‑generating enhancements.
- Strategic Urban Location: Situated in a high‑traffic urban node near USC Medical, downtown jobs, and the Metro A‑Line, contributing to a 100% occupancy history.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.279
- Latitude
- 33.9734
Nearby Similar for Sale
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.
