16-unit multifamily property located just four blocks from Exposition Park and a half-mile from the University of Southern California (USC). The unit mix consists of eight 2-bedroom / 1-bath and eight 1-bedroom / 1-bath apartments, many featuring hardwood floors and individual water heaters. Extensive capital improvements have been completed, including:… Read More * 100% copper plumbing * ABS drain lines * Romex electrical wiring and panel upgrades * New roof (2018) * Newer stucco and dual-pane windows. Positioned in one of Los Angeles' most dynamic infill locations, the property is located a few blocks from Exposition Park, the Coliseum, USC Village, and Downtown Los Angeles employment centers. The surrounding neighborhood offers strong rental demand from both students and workforce tenants. Located within a Qualified Opportunity Zone, 3806 S. Broadway also presents potential long-term tax advantages for investors holding the property for 7 to 10 years. Offered at a 6.6% cap rate and 8.4x gross, the asset represents an opportunity to acquire a stabilized, extensively renovated apartment building with strong upside potential in a high-density, supply-constrained Los Angeles submarket. Read Less
Courtesy of Kidder Mathews of California, Inc. 310-312-1800
Listing Snapshot
Days Online
137
Last Updated
Property Type
Other
Beds
24
Square Ft.
9,616
Lot Size
0.19 Acres
Year Built
1916
MLS Number
25610569
Additional Details
Appliances & Equipment
None
Building
9,616 sq ft, Built in 1916, Levels: One
Cooling
None
Disclosures
As Is
Garage
Uncovered
Heating
Wall
Lot
LotAcreage: 0.1895, LotSizeArea: 8,255
Parking
TotalParking: 8
Property
NumberOfUnits: 16, Zoning: LAM1
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
