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8000 S Broadway
Los Angeles, CA 90003
Broadway City Lights: 54% Rental Upside · Multifamily Property For Sale
·
49 Units
Investment Highlights
- 2005 construction Low-Income Housing Tax Credit opportunity
- The property is priced below replacement cost
- Value-add opportunity with 54% upside in potential rental income
- (49) 4-bedroom + 2-bath units, allowing for higher VPS
- Annual Rental increases of +/-8.9%
- 2,500± SF vacant community room ideal for wraparound services center
Property Facts
| No. Units | 49 | Building Size | 63,700 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 2005/2015 |
| Building Class | B | Parking Ratio | 0.87/1,000 SF |
| Lot Size | 0.85 AC | ||
| Zoning | LAC2 | ||
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.85 AC |
| Building Size | 63,700 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built/Renovated | 2005/2015 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | LAC2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Playground
- Wheelchair Accessible
- Wi-Fi
- Elevator
- Maintenance on site
- Multi Use Room
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 49 | $2,015 | 1,300 |
Property Taxes
| Parcel Number | 6031-026-026 | Improvements Assessment | $6,693,113 |
| Land Assessment | $5,019,835 | Total Assessment | $11,712,948 |
Property Taxes
Parcel Number
6031-026-026
Land Assessment
$5,019,835
Improvements Assessment
$6,693,113
Total Assessment
$11,712,948
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