$159.33 Per Sq Foot $6,415 est/mo Sourced by Back At You

5314 S Broadway,Los Angeles, CA 90037

Los Angeles CA, 90037

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Description

The subject property is a mixed-use retail and residential building sitting at 7,500 SF on an estimated 5,617 SF lot. 5314 S Broadway currently consists of two (2) ground level retail storefronts and two (2) residential units located on the second floor. Additionally, in the rear of the building sits a detached structure that is used for storage/parking. With 75% of the building currently vacant, this presents an excellent opportunity for investors seeking over a 7% pro forma cap rate. Immediate market rents can be attained for both the retail and residential units. Furthermore, this offering is well-suited for owner-users interested in leveraging SBA financing, requiring as little as a 10% down! An owner-user has the option to occupy 51% of the premises while leasing out the remaining space for supplemental income.*Per title, building square footage is 5,869. Buyer to perform own due diligence and verify all information.

Details

MLS#24385579
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1923
Days On Site24
Listing Provided ByKW Advisors 310-482-2200 | Daniel Hirth

Features

SQ Feet7,500
Story(s)2
Units2
Building(s)2
ZoningLAC2
Acreage0.13

Market Activity 90037

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 9 minutes ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC42 Downtown L.A.
Listing VS Median (in 90037)
Price:
$1,195,000
low | high
Med:
$1,195,000
50% of Average
SqFt:
7,500
low | high
Med:
7,500
50% of Average
$ / SqFt:
$159
low | high
Med:
$159
50% of Average
On Site:
24
low | high
Med:
24.000000
100% of Average
Sourced by Back At You
Listing Updated: April 29, 2024 at 2:07:10 PM PDT