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3806 S Broadway St
Los Angeles, CA 90037
Ideal Section 8 Conversion w/ 4 Vacancies · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Extensive infrastructure upgrades to roof, windows, electrical, and plumbing
- Offered at 8.6 GRM, 8% cap rate (based on Section 8 rents in vacant units)
- 4 vacant units
- Located in a qualified Opportunity Zone
- Close to major light manufacturing & distribution employment centers
- Unique opportunity to transition to Section 8 housing
Property Facts
| No. Units | 16 | Building Size | 9,616 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1916 |
| Building Class | C | Parking Ratio | 0.78/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | M1, Los Angeles - Limited Industrial | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 9,616 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1916 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | M1, Los Angeles - Limited Industrial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 500 - 600 |
| 2+1 | 8 | - | 750 |
Property Taxes
| Parcel Number | 5122-039-020 | Improvements Assessment | $1,729,270 |
| Land Assessment | $464,232 | Total Assessment | $2,193,502 |
Property Taxes
Parcel Number
5122-039-020
Land Assessment
$464,232
Improvements Assessment
$1,729,270
Total Assessment
$2,193,502
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