3806 S Broadway St - Apartments FOR SALE


Los Angeles, CA 90037- South Central LA
$2,200,000 USD
310-592-8269
3806 S Broadway St, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/18
null | 6.6% Cap Rate

3806 S Broadway St
Los Angeles, CA 90037
South Central LA


HIGHLIGHTS

  • 16 units with 8 (2BD/1BA) & 8 (1BD/1BA)
  • Located in a qualified Opportunity Zone
  • Extensive infrastructure upgrades to roof, windows, electrical, and plumbing
  • 4 blocks from Exposition Park, site of 2028 Olympic Games
  • Dense urban infill location with high rental demand

OVERVIEW

Kidder Mathews, as exclusive advisor, is pleased to present 3806 S. Broadway, a 16-unit multifamily property located just four blocks from Exposition Park and a half-mile from the University of Southern California (USC)and the Los Angeles Coliseum, site of the 2028 Olympic Games. 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 within walking distance of 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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

16

PRICE/UNIT

$137,500

CAP RATE

6.6%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 Units Near USC @ 8.4 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,233 SF

ZONING

M1, Los Angeles

APN/PARCEL ID

5122-039-020

ASK ABOUT THIS PROPERTY

Darin SpillmanKidder MathewsMore Info
310-592-8269

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Darin SpillmanKidder MathewsMore Info
310-592-8269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.