7509–7521 S Broadway presents an opportunity to acquire a strong cash flowing asset in South Los Angeles, with achievable value add
potential. Offered at just $188 per square foot and 8.80 GRM, the property provides an attractive cost basis for investors seeking both immediate
cash flow and has the potential to convert… Read More the uncovered parking into multiple ADUs. With SB1211, a buyer can build up to (8) ADUs that can increase value tremendously. (Buyer to Verify feasibility of ADUs). Using conservative construction costs, building out (8) 2-Bed/1-Bath ADUs, the property can operate at a 6.48 GRM and 10.61% Cap Rate, while still achieving upside through unit turns and renovations. Situated along South Broadway, the property benefits from proximity to major transit routes, employment centers, and new development projects reshaping the surrounding neighborhood. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-259-7556
Listing Snapshot
Days Online
84
Last Updated
Property Type
Apartment
Lot Size
0.44 Acres
Year Built
1960
MLS Number
SB26002050
Additional Details
Building
Built in 1960, 1 building, 2 stories, Entry level: 1, Entry location: Front
Community
Curbs, Suburban, Sidewalks, Urban
Expenses
Operating: $136,318
Income
Gross Income: $311,473, Gross ScheduledIncome: $321,107, Net Operating Income: $175,156
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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