4069 Broadway 4083Los Angeles, CA 90037

Property Details for 4069 Broadway 4083

Property size (Sq ft)

18,366 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0094

Longitude

-118.278

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