5314 Broadway Los Angeles, CA 90037-3875
- Investment properties
- 5,869 SF
- 0.13 lot acres
Jul 14, 2020
Current Use by Public Records
- Iglesia De Cristo Llamada Final Los Angeles / Church
Property Details for 5314 Broadway
- Year built
- 1923
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Property size
- 5,869 SF
- Zone code
- LAC2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 5101-033-016
- APU
- 5101033016
Description
This mixed-use property at 5314 S Broadway, Los Angeles, CA 90037, presents a compelling value-add opportunity. The 7,500 square foot building, situated on a 5,617 square foot lot, comprises two ground-level retail storefronts and two residential units on the second floor. A detached rear structure provides additional storage or parking. Currently operating at 100% occupancy across four units, this Class C property offers significant upside potential. The asking price is $1,195,000, translating to $159.33 per square foot. Built in 1923, the two-story building is zoned LAC2 and features excellent visibility on S. Broadway. The property's location in a vibrant, diverse Los Angeles neighborhood offers strong demographics, with significant daily traffic volume. This owner-user opportunity is well-suited for leveraging SBA financing, requiring as little as a 10% down payment. An owner-user could occupy 51% of the premises while leasing the remainder for supplemental income. The property's pro forma cap rate is projected at 7.13%. Note: Building square footage per title is 5,869 square feet. Buyer to verify all information.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $590,000
- ML approach
- $595,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $852,000
- AI Estimate
- $466,000
Market price range: $428k - $1.31MMarket price range: $242k - $816k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $885,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.278
- Latitude
- 33.9938
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA