Eight-Unit Apartment
For Sale
$1,299,000
9124 S Broadway, Los Angeles, CA 90003
Corner, two-story eight-unit building with separately metered utilities and on-site surface parking.
Property Size5,144 SF
Days on Market131
Property Features for 9124 S Broadway
General Information
Standard status
Active
Size
5,144 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Broadway-Manchester
Highway Access
Yes
Additional Details
Multifamily Units
8
Amenities
Immediate Value-Add Opportunity: Eight-unit apartment building with five vacancies ready for a new investor to lease up at market rates
Potential to Develop 8-10 ADUs: Large corner lot offers long-term growth potential via ADU development (buyer to verify)
Well-Maintained Asset With Desirable Unit Mix: Fully renovated in 2008, this building features 50% two-bedroom units
South Los Angeles Rental Submarket: Location offers convenient freeway proximity and is two blocks from a proposed mixed-use development with grocery anchor
Building Details
Building Size
5,144 SF
Year Built
1941
Year Renovated
2008
Stories
2
Units
8
Listing Agency:
South Bay Office
Listed By:
Bogie Bogoyevac · License #License(s): CA: 01332755
(424) 405-3826
Source:
Marcusmillichap
Added: Jun 16
Changed: Oct 23
Last Checked: Oct 23 at 3:22AM
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 South Bay Office
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Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present a for-sale eight-unit apartment building at 9124 S Broadway in South Los Angeles. The property is a two-story, 1941 construction asset on a corner lot with ample surface parking and a unit mix of four two-bedroom/two-bath and four one-bedroom/one-bath apartments. Units are separately metered for gas and electricity, with new meters installed as part of a full property renovation in 2008, and interiors upgraded as units turned.
The building is located one block east of the 110 Freeway, with convenient freeway and public transit proximity for access to Downtown Los Angeles, USC, and other attractions. Public remarks note that five units are currently vacant and ready for a new owner to lease.
The property also presents potential for additional development, with public remarks stating there may be potential to develop 8–10 ADUs (buyer to verify).
The building is located one block east of the 110 Freeway, with convenient freeway and public transit proximity for access to Downtown Los Angeles, USC, and other attractions. Public remarks note that five units are currently vacant and ready for a new owner to lease.
The property also presents potential for additional development, with public remarks stating there may be potential to develop 8–10 ADUs (buyer to verify).
Key Highlights
- 1941‑built, corner, two‑story 8‑unit apartment building in South Los Angeles
- Unit mix: four 2 bed/1 bath and four 1 bed/1 bath
- Five units are vacant and ready for a new owner to lease
Property Analytics
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,240
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Corner, two-story eight-unit building with separately metered utilities and on-site surface parking.
Where is this apartment building located?
The property is located at 9124 S Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 1941‑built, corner, two‑story 8‑unit apartment building in South Los Angeles; Unit mix: four 2 bed/1 bath and four 1 bed/1 bath; Five units are vacant and ready for a new owner to lease
