REDUCED! 5734-5736 S Broadway 29-Unit Mixed-Use Building | One Cell Tower plus a Restaurant. Rare opportunity to acquire a three-story, 29-unit mixed-use property located in the rapidly improving South Los Angeles corridor. The ground floor features a built-out restaurant space plus three apartment units. The second floor offers eight self-contained… Read More studio units, each with its own kitchen and bathroom, while the third floor includes seventeen efficiency units with shared restrooms... An efficient, high-yield mix that generates steady income and strong cash-flow potential. Priced at a crazy low price of $75,689 per unit. Seller has vacated 13 units and they're ready for you to add value and get higher/market rents. Restaurant is month-to-month and currently bringing in $2,450...which could be doubled with a different user/operator. UNIT MIX IS AS FOLLOWS: 8 STUDIO/1BTH, 3 1BDR/1BTH, 17 EFCY (studio units on a floor with shared bathrooms) 1 Restaurant- Street Level. With an estimated 30-50% rental upside through property improvements, re-tenanting, and proper management, this asset presents an exceptional value-add opportunity in one of LA's most active and evolving neighborhoods. Prominently positioned along high-visibility S Broadway, the property offers convenient access to Downtown LA, USC, the 110 Freeway, and major transit lines, making it attractive to both residential tenants and commercial operators. There is also additional income of $4,263 per month from the Verizon Cell Tower on the roof. The Sellers have been approached to sell just the cell tower easement in the $800K+ range. Once stabilized, this building could be a cash-cow! Read Less
Property listed by Compass, George Morales 310-259-7556
Listing Snapshot
Days Online
228
Last Updated
Square Ft.
11,568
Lot Size
0.19 Acres
Year Built
1925
MLS Number
25613505
Additional Details
Building
Built in 1925, Living area: 11568.0, 1 building, 3 stories, Levels: ThreeOrMore, Entry level: 1
Cooling
None
Heating
WallFurnace
Income
Net Operating Income: $114,666
Lot
0.1918 acres
Parking
9 total parking spaces, Assigned
Taxes
Parcel Number: 5101025033, Zoning: LAC2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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