4917 S Broadway - Apartments FOR SALE


Los Angeles, CA 90037- Vernon-Main
$1,700,000 USD
310-951-6566
4917 S Broadway, Los Angeles, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/13
null | 6.11% Cap Rate

4917 S Broadway
Los Angeles, CA 90037
Vernon-Main


HIGHLIGHTS

  • Owner User/Development Opportunity on Corner Lot
  • Quadruplex and 7 Retail Spaces
  • Development Potential: 13,740 SF of Land on Zoned C2 on a Corner Lot
  • Owner-User Ready: Two Residential Units Delivered Vacant and Rent Ready
  • Flexible Tenancy: Retail tenants on Month-to-Month Leases
  • Income While You Plan: Maintain Cash Flow During Entitlement or Redevelopment

OVERVIEW

Jonathan Prakash of Equity Union Commercial is pleased to present a Mixed-Use portfolio opportunity spanning 309 W 50th Street, 4719-4723 S Broadway Street, and 4925-4929 Broadway Street. This offering includes a 3,596 SF quadruplex with four 1-bedroom/1-bath units, a 3,284 SF retail building with three storefronts, as well as a 3,186 SF retail building with four storefronts. Two units in the quadruplex will be delivered vacant and rent-ready, creating an ideal opportunity for owner-users seeking on-site living and/or the ability to operate out of the retail spaces. All retail occupants are on month-to-month leases, providing exceptional flexibility for investors looking to reposition or re-tenant. This sale also includes the APN # 5110-021-012.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$473 USD /SF

# OF UNITS

11

PRICE/UNIT

$154,545

CAP RATE

6.11%

% LEASED

18%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add - Mixed Use Corner Lot Zoned C2

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,801 SF

ZONING

C2

APN/PARCEL ID

5110-021-013

ASK ABOUT THIS PROPERTY

Jonathan PrakashEquity Union CommercialMore Info
310-951-6566

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Jonathan PrakashEquity Union CommercialMore Info
310-951-6566

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