4069 Broadway 4083Los Angeles, CA 90037

This exceptional multifamily investment opportunity presents a 36-unit apartment building located at 4069-83 S Broadway, Los Angeles, CA 90037. The property comprises three separate two-story buildings totaling 18,366 square feet on three adjacent parcels encompassing 20,100 square feet. The unit mix includes studios and one-bedroom/one-bathroom apartments. Currently, the property boasts a 5.54% cap rate and a $232,005 NOI, with a pro-forma cap rate of 9.63% and a pro-forma NOI of $404,483, indicating significant value-add potential. The asking price is $4,200,000, translating to $116,667 per unit and $228.68 per square foot. The property benefits from on-site laundry facilities and gated parking. Its prime location in a supply-constrained area offers easy access to major employment centers, USC, renowned museums, and a wealth of dining and entertainment options, including nearby grocery stores like Ralph's, Trader Joe's, and Smart & Final, and restaurants such as Chick-fil-A, Subway, and Roscoe's House of Chicken and Waffles. The property is zoned C2 and offers potential for assumable financing. This well-maintained asset represents a compelling investment opportunity in a thriving Los Angeles community.