7307 S Broadway 7 Unit Apartment Building $1,150,000 ($164,286/Unit) 5.08% Cap Rate Los Angeles, CA 90003

7307 S Broadway is a solid 1965 multi-family structure located in the Florence-Firestone district of South Los Angeles, a high-density corridor with consistent demand for affordable housing near key employment hubs and transit lines. Encompassing seven units in approximately 4,469 square feet on a 6,183-square-foot parcel, the asset represents a stable, value-add investment with income enhancement potential via targeted upgrades and efficient management. Its urban positioning in a growth-oriented area bolsters occupancy reliability and strategic appeal for portfolio builders.
The property includes seven one-bedroom, one-bath units (averaging about 640 square feet each), ideal for working individuals and small households, promoting low turnover through functional layouts and affordability. In-place rents trail submarket averages by approximately 20 percent, creating a clear roadmap for uplift through interior modernizations like kitchen/bath refreshes, flooring, and appliances—feasible on a unit-by-unit basis. Pro forma metrics forecast annual gross income of $143,882, achieving a 7.82 percent cap rate at a $1,300,000 price point.
Current utilization is at its highest and best with neutral prospects for ADU additions under LAC2 zoning (Commercial), which permits multi-family use and mixed potential subject to city entitlements. Physical condition is stable with no major deferred items reported, mitigated by master-metered water and separately metered electric/gas; parking is limited to driveway and street, typical for the neighborhood.
No significant capital improvements are documented recently, allowing focus on revenue-driving enhancements. Governed by the Los Angeles Rent Stabilization Ordinance (RSO), all units are on month-to-month leases, facilitating timely rent alignments. Situated in a Liquefaction Zone but clear of flood risks, it fits standard South LA profiles.
Ultimately, 7307 S Broadway offers a dependable South Los Angeles multi-family holding with 55 percent rent escalation opportunity, uniform unit mix for streamlined operations, and proximity to urban amenities in a resilient, underserved market.