7307 S Broadway - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$1,150,000 USD
626-240-2785
7307 S Broadway, Los Angeles, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/5
null | 5.08% Cap Rate

7307 S Broadway
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • Approx. 20% Rent Upside All 7 units month-to-month under RSO; pro forma $1,998 avg rent vs. current $1,427—$24K+ annual lift.
  • Uniform 1-Bed Product 7 identical 1-bed/1-bath (~640 SF) enables economies of scale in turns and maintenance.
  • South Broadway Corridor Location High-traffic urban node near USC Medical, downtown jobs, Metro A-Line; 100% occupancy history.
  • Separately Metered Utilities Electric & gas tenant-paid; master water only—verified low owner expense ($22,210/yr total op-ex).
  • Driveway + Street Parking 1–2 spaces allocated per unit; standard for submarket, no material vacancy drag.
  • ASSUMABLE FINANCING @ 3.8% for 25 years!!!!!!!!

OVERVIEW

7307 S Broadway is a solid 1965 multi-family structure located in the Florence-Firestone district of South Los Angeles, a high-density corridor with consistent demand for affordable housing near key employment hubs and transit lines. Encompassing seven units in approximately 4,469 square feet on a 6,183-square-foot parcel, the asset represents a stable, value-add investment with income enhancement potential via targeted upgrades and efficient management. Its urban positioning in a growth-oriented area bolsters occupancy reliability and strategic appeal for portfolio builders. The property includes seven one-bedroom, one-bath units (averaging about 640 square feet each), ideal for working individuals and small households, promoting low turnover through functional layouts and affordability. In-place rents trail submarket averages by approximately 20 percent, creating a clear roadmap for uplift through interior modernizations like kitchen/bath refreshes, flooring, and appliances—feasible on a unit-by-unit basis. Pro forma metrics forecast annual gross income of $143,882, achieving a 7.82 percent cap rate at a $1,300,000 price point. Current utilization is at its highest and best with neutral prospects for ADU additions under LAC2 zoning (Commercial), which permits multi-family use and mixed potential subject to city entitlements. Physical condition is stable with no major deferred items reported, mitigated by master-metered water and separately metered electric/gas; parking is limited to driveway and street, typical for the neighborhood. No significant capital improvements are documented recently, allowing focus on revenue-driving enhancements. Governed by the Los Angeles Rent Stabilization Ordinance (RSO), all units are on month-to-month leases, facilitating timely rent alignments. Situated in a Liquefaction Zone but clear of flood risks, it fits standard South LA profiles. Ultimately, 7307 S Broadway offers a dependable South Los Angeles multi-family holding with 55 percent rent escalation opportunity, uniform unit mix for streamlined operations, and proximity to urban amenities in a resilient, underserved market.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

7

PRICE/UNIT

$164,286

CAP RATE

5.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,183 SF

ZONING

LAC2

APN/PARCEL ID

6031-004-018

ASK ABOUT THIS PROPERTY

Elliott GallahanLee & AssociatesMore Info
626-240-2785

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Elliott GallahanLee & AssociatesMore Info
626-240-2785

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