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… Read More 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 $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
Courtesy of Compass 310-230-5478
Listing Snapshot
Days Online
222
Last Updated
Property Type
Other
Square Ft.
11,568
Lot Size
0.19 Acres
Year Built
1925
MLS Number
25613505
30 Days Snapshot Of 90037
$635k
0%
(avg) sold price
162
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
LotSizeArea: 8,353, LotAcreage: 0.1918
Appliances & Equipment
"None"
Building
11,568 sq ft, Built in 1925, Levels: "Three Or More Levels", "Attached", "Art Deco"
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