5929 S Broadway - Storefront Retail/Office FOR SALE


Los Angeles, CA 90003- Vernon-Main
$1,600,000 USD
213-225-7223
5929 S Broadway, Los Angeles, CA for Sale
$1,600,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | 5.97% Cap Rate

5929 S Broadway
Los Angeles, CA 90003
Vernon-Main


OVERVIEW

We are proud to present 5929 S Broadway, an 18-unit mixed-use building, offered at a 6.52 GRM and a 5.97% CAP on actual rents.Offered at a very low price per unit of $88,889 and at $139 per square foot on the building, this mixed-use property consists of a single, three-story brick building totaling 11,550 rentable square feet. Built in 1928, the property is situated on an 4,435 square foot LAC2 zoned corner lot with street access on two sides plus alley access.The unit mix features (2) two-bedroom one-bathroom units, seven (7) one-bedroom one-bathroom units, (7) seven Studios and two (2) ground level commercial units. THREE UNITS will be delivered VACANT which consist of a one-bedroom unit, a two-bedroom unit and a commercial unit.Located on the corner of W 59th Pl and Broadway, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles and neighboring communities such as Crenshaw, Inglewood, Lennox, Gardena, Huntington Park and South Gate. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

5.97%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18 Units | Mixed-Use | $88k/Unit

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,435 SF

ZONING

LAC2

APN/PARCEL ID

6005-006-017

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

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