9905 S Broadway - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$3,400,000 USD
310-780-1899
9905 S Broadway, Los Angeles, CA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/14
null | 5.46% Cap Rate

9905 S Broadway
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • 12 Units in South Los Angeles
  • 1991 Construction –No LA RSO ; Fully Renovated 10 of 12 units
  • Unit Mix With Massive Units: (10) 2-Bed/1-Bath & (2) 1-Bed/1-Bath
  • Strong in-place Income – 5.44% CAP | 11.31 GRM
  • Great Potential For Upside – 6.41% Market Cap | 10.16 Market GRM
  • Replaced Roof May 2025; Several Water Heaters Replaced

OVERVIEW

9905 S Broadway presents a rare opportunity to acquire a well-maintained, non-rent-controlled, 12-unit multifamily property in the heart of South Los Angeles. Built in 1991, this asset is exempt from rent control and offers a more hands-off management experience compared to older buildings in the area. The unit mix is designed for consistent income, making it a strong performer for both investors focused on cash flow and those seeking long-term appreciation. The property features a brand-new roof installed in 2025, and 10 of the 12 units have been updated with several new water heaters, reducing immediate capital expenditure concerns and adding operational efficiency. The property currently operates at a solid 5.46% CAP rate and 11.31 GRM, with clear potential to increase rents and reach a 6.41% CAP and 10.16 GRM at market. The gated lot includes ample on-site parking, a highly desirable amenity for tenants in this dense submarket. Centrally located with easy access to the 110 Freeway, 9905 S Broadway is positioned to benefit from continued urban growth and high rental demand in South LA. With stable in-place income, strong upside potential, and no rent control restrictions, this is a compelling opportunity for both seasoned and new multifamily investors.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

12

PRICE/UNIT

$283,333

CAP RATE

5.46%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broadway Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

LAC2

APN/PARCEL ID

6053-018-011

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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