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Value Add - Mixed Use Corner Lot Zoned C2 4917 S Broadway 11 Unit Apartment Building $1,700,000 ($154,545/Unit) 6.11% Cap Rate Los Angeles, CA 90037
INVESTMENT HIGHLIGHTS
- Owner User/Development Opportunity on Corner Lot
- Development Potential: 13,740 SF of Land on Zoned C2 on a Corner Lot
- Flexible Tenancy: Retail tenants on Month-to-Month Leases
- Quadruplex and 7 Retail Spaces
- Owner-User Ready: Two Residential Units Delivered Vacant and Rent Ready
- Income While You Plan: Maintain Cash Flow During Entitlement or Redevelopment
EXECUTIVE SUMMARY
Jonathan Prakash of Equity Union Commercial is pleased to present a Mixed-Use portfolio opportunity spanning 309 W 50th Street, 4719-4723 S Broadway Street, and 4925-4929 Broadway Street. This offering includes a 3,596 SF quadruplex with four 1-bedroom/1-bath units, a 3,284 SF retail building with three storefronts, as well as a 3,186 SF retail building with four storefronts. Two units in the quadruplex will be delivered vacant and rent-ready, creating an ideal opportunity for owner-users seeking on-site living and/or the ability to operate out of the retail spaces. All retail occupants are on month-to-month leases, providing exceptional flexibility for investors looking to reposition or re-tenant. This sale also includes the APN # 5110-021-012.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$165,420
|
$46.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,963
|
$1.38
|
| Effective Gross Income |
$160,457
|
$44.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$56,585
|
$15.74
|
| Net Operating Income |
$103,872
|
$28.89
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $165,420 |
| Annual Per SF | $46.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,963 |
| Annual Per SF | $1.38 |
| Effective Gross Income | |
|---|---|
| Annual | $160,457 |
| Annual Per SF | $44.62 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $56,585 |
| Annual Per SF | $15.74 |
| Net Operating Income | |
|---|---|
| Annual | $103,872 |
| Annual Per SF | $28.89 |
PROPERTY FACTS
| Price | $1,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $154,545 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.11% | Building Size | 3,596 SF |
| Gross Rent Multiplier | 10.28 | Average Occupancy | 18% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Zoning | C2 | ||
| Price | $1,700,000 |
| Price Per Unit | $154,545 |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| Gross Rent Multiplier | 10.28 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,596 SF |
| Average Occupancy | 18% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.6/1,000 SF |
| Zoning | C2 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $141,458 | |
| Land Assessment | $119,691 | Total Assessment | $261,149 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$119,691
Improvements Assessment
$141,458
Total Assessment
$261,149
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Value Add - Mixed Use Corner Lot Zoned C2 | 4917 S Broadway
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