5734 S Broadway, Los Angeles, CA 90037
5734 S Broadway, Los Angeles, CA 90037
5734 S Broadway, Los Angeles, CA 90037
5734 S Broadway, Los Angeles, CA 90037
5734 S Broadway, Los Angeles, CA 90037
5734 S Broadway, Los Angeles, CA 90037
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Armand Martin

Armand Martin

+1(661) 221-5011
$ 1,500,000
Est. payment | /mo

11,568 SqFt

Save
$ 1,500,000
Est. payment | /mo
Save

11,568 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,568 sqft

Price per Sqft $129

MLS Listing ID 25613505

Style Art Deco

Year Built 1925

Lot Size 8,353 Sqft

Acres 0.1918

Property Sub-Type Multi-Family

Property Description

REDUCED! 5734-5736 S Broadway 29-Unit Mixed-Use Building | Major Value-Add Opportunity. 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 two apartment units. The second floor offers eight self-contained 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 $51,724 per unit. Seller has vacated 10 units and they're ready for you to add value and get higher/market rents. Restaurant is month-to-month and, if replaced or renegotiated, should bring in at least twice the current rent of $2,450. 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. Once stabilized, this building should be a cash-cow!

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Assigned

Garage Spaces 9.0

Building

Story 3

Architectural Style Art Deco

Level or Stories Three Or More

Others

Special Listing Condition Standard

TheMLS (CLAW)
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Listed by Compass

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

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5734 S Broadway