3806 S Broadway Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,616 sqft
Price per Sqft $228
MLS Listing ID 25610569
Bedrooms 24
Year Built 1916
Lot Size 8,255 Sqft
Acres 0.1895
Property Sub-Type Multi-Family
Property Description
16-unit multifamily property located just four blocks from Exposition Park and a half-mile from the University of Southern California (USC). The unit mix consists of eight 2-bedroom / 1-bath and eight 1-bedroom / 1-bath apartments, many featuring hardwood floors and individual water heaters. Extensive capital improvements have been completed, including: * 100% copper plumbing * ABS drain lines * Romex electrical wiring and panel upgrades * New roof (2018) * Newer stucco and dual-pane windows. Positioned in one of Los Angeles' most dynamic infill locations, the property is located a few blocks from Exposition Park, the Coliseum, USC Village, and Downtown Los Angeles employment centers. The surrounding neighborhood offers strong rental demand from both students and workforce tenants. Located within a Qualified Opportunity Zone, 3806 S. Broadway also presents potential long-term tax advantages for investors holding the property for 7 to 10 years. Offered at a 6.6% cap rate and 8.4x gross, the asset represents an opportunity to acquire a stabilized, extensively renovated apartment building with strong upside potential in a high-density, supply-constrained Los Angeles submarket.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAM1
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Uncovered
Garage Spaces 8.0
Building
Story 2
Level or Stories One
Others
Special Listing Condition Standard