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Large Unit Mix & Ample Parking 4920 S Broadway Rd 23 Unit Apartment Building $6,200,000 ($269,565/Unit) 7% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Built in 2008, the property represents newer construction relative to the surrounding housing stock
- The property features a predominantly large-unit configuration, including three and four-bedroom units
- Located in a high-density pocket of South Los Angeles offering residents convenient access to employment hubs, retail, and entertainment
- The asset is offered at an attractive 7.00% cap rate and an 8.68 GRM
- The property includes 46 garage parking spaces, providing a favorable parking ratio for tenants
Executive Summary
The SR Group of Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale a 23-unit apartment community located at 4920 South Broadway. The subject property is situated just east of the 110 freeway and north of Slauson Avenue.
The property is located within a high-density pocket of South Los Angeles offering residents convenient access to employment hubs, retail, and entertainment.
Positioned on a 17,756-square-foot parcel, the property consists of four two-bedroom units, eleven three-bedroom units, and eight four-bedroom units. The asset is offered at a 7.00% cap rate and an 8.68 GRM. Constructed in 2008, the property represents a newer apartment asset relative to the surrounding housing stock and features ample garage parking with 46 spaces.
4920 South Broadway presents an opportunity to acquire a modern apartment asset with a strong in-place yield in the infill South Los Angeles market.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
This property is marketed alongside 6332 Brynhurst Avenue and may be purchased together or separately.
The property is located within a high-density pocket of South Los Angeles offering residents convenient access to employment hubs, retail, and entertainment.
Positioned on a 17,756-square-foot parcel, the property consists of four two-bedroom units, eleven three-bedroom units, and eight four-bedroom units. The asset is offered at a 7.00% cap rate and an 8.68 GRM. Constructed in 2008, the property represents a newer apartment asset relative to the surrounding housing stock and features ample garage parking with 46 spaces.
4920 South Broadway presents an opportunity to acquire a modern apartment asset with a strong in-place yield in the infill South Los Angeles market.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
This property is marketed alongside 6332 Brynhurst Avenue and may be purchased together or separately.
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Property Facts
| Price | $6,200,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $269,565 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 7% | Building Size | 25,313 SF |
| Gross Rent Multiplier | 8.68 | No. Stories | 4 |
| No. Units | 23 | Year Built | 2007 |
| Property Type | Multifamily | Parking Ratio | 1.82/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAC2 | ||
| Price | $6,200,000 |
| Price Per Unit | $269,565 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 8.68 |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 25,313 SF |
| No. Stories | 4 |
| Year Built | 2007 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | LAC2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+2 | 11 | - | - |
| 4+1 | 1 | - | - |
| 4+2 | 5 | - | - |
| 4+2.5 | 2 | - | - |
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Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,936,070 | |
| Land Assessment | $675,322 | Total Assessment | $3,611,392 |
Property Taxes
Parcel Numbers
Land Assessment
$675,322
Improvements Assessment
$2,936,070
Total Assessment
$3,611,392
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Large Unit Mix & Ample Parking | 4920 S Broadway Rd
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