4920 S Broadway Rd - Apartments FOR SALE


Los Angeles, CA 90037- Vernon-Main
$6,200,000 USD
213-943-1897
4920 S Broadway Rd, Los Angeles, CA for Sale
$6,200,000 USD
Apartments - FOR SALE
1/7
null | 7% Cap Rate

4920 S Broadway Rd
Los Angeles, CA 90037
Vernon-Main


HIGHLIGHTS

  • Built in 2008, the property represents newer construction relative to the surrounding housing stock
  • The asset is offered at an attractive 7.00% cap rate and an 8.68 GRM
  • The property features a predominantly large-unit configuration, including three and four-bedroom units
  • The property includes 46 garage parking spaces, providing a favorable parking ratio for tenants
  • Located in a high-density pocket of South Los Angeles offering residents convenient access to employment hubs, retail, and entertainment

OVERVIEW

The SR Group of Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale a 23-unit apartment community located at 4920 South Broadway. The subject property is situated just east of the 110 freeway and north of Slauson Avenue. The property is located within a high-density pocket of South Los Angeles offering residents convenient access to employment hubs, retail, and entertainment. Positioned on a 17,756-square-foot parcel, the property consists of four two-bedroom units, eleven three-bedroom units, and eight four-bedroom units. The asset is offered at a 7.00% cap rate and an 8.68 GRM. Constructed in 2008, the property represents a newer apartment asset relative to the surrounding housing stock and features ample garage parking with 46 spaces. 4920 South Broadway presents an opportunity to acquire a modern apartment asset with a strong in-place yield in the infill South Los Angeles market. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. This property is marketed alongside 6332 Brynhurst Avenue and may be purchased together or separately.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$337 USD /SF

# OF UNITS

23

PRICE/UNIT

$269,565

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Large Unit Mix & Ample Parking

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2007

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,756 SF

ZONING

LAC2

APN/PARCEL ID

5110-020-019,5110-020-020,5110-020-021

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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