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    5501 S Broadway

    Los Angeles (City), CA 90037
    • $1,050,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: MB20182896
    UPDATED: 39 min ago
    $1,050,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,950
      SQFT
    • $212
      $/SQFT
    Type:
    Commercial
    Built:
    1905
    County:

    School Ratings & Info

    Description

    6.84 CAP RATE GREAT INVESTMENT OPPORTUNITY MIX-USED BUILDING WITH LOW MAINTENANCE PERFECT INVESTMENT STABLE INCOME WITH 4 EXCELLENT TENANTS IN PLACE. ALL TENANTS CURRENTLY ARE PAYING THEIR RENT ON TIME. TWO COMMERCIAL STORE FIRST FLOOR AND TWO BEAUTIFIL LARGE APARTMENTS TOTALLY UPGRATED WITH 4 BEDROOMS AND 2 BATHROOMS. EACH APARTMENT HAS AND EXCELLENT FLOOR PLANS AS WELL AS DINING AND KITCHEN AREA. ONE ASSIGNED PARKING FOR EACH TENANTS. GREAT FRONTAGE CORNER LOT PROPERTY WITH HEAVY PEDESTRIAN TRAFFIC IN ONE OF THE BUSIEST AREA IN LOS ANGELES, CONVENIENT LOCATION CLOSE TO 110 FREEWAY AND NEAR PUBLIC TRANSPORTATION, SCHOOLS, SHOPPING CENTERS AND SHORT DISTANCE TO LA MEMORIAL COLISEUM, DOWNTOWN LOS ANGELES, LAX AIRPORT AND UNION STATION COMMUTER RAIL. DON'T MISS THIS OPPORTUNITYTO OWN THIS PROPERTY. HURRY UP. IT WILL NOT LAST LONG. DO NOT CONTACT OR DISTURB TENANTS. CALL LISTING AGENT. THE INVESTMENT BOASTS SPACIOUS FLOOR PLAND, SECURED GATED ENTRY WITH 4 OR 5 ON-SITE PARKING SPACES. EXCELLENT CASH FLOW AND WELL GREAT LOCATION.THIS PROPERTY WILL CONTINUE TO HAVE AN OUSTANDING LOCATION DUE TO THE SLAUSON CORRIDOR DEVELOPMENT CREATED BY THE CITY OF LOS ANGELES. SEE ATTACHED INFORMATION.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-26T23:25:33.153. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/109677140
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    5501 S Broadway Los Angeles (City), CA 90037

    • Price: $1,050,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: MB20182896
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,950
    SQFT
    $212
    $/SQFT
    1905
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    6.84 CAP RATE GREAT INVESTMENT OPPORTUNITY MIX-USED BUILDING WITH LOW MAINTENANCE PERFECT INVESTMENT STABLE INCOME WITH 4 EXCELLENT TENANTS IN PLACE. ALL TENANTS CURRENTLY ARE PAYING THEIR RENT ON TIME. TWO COMMERCIAL STORE FIRST FLOOR AND TWO BEAUTIFIL LARGE APARTMENTS TOTALLY UPGRATED WITH 4 BEDROOMS AND 2 BATHROOMS. EACH APARTMENT HAS AND EXCELLENT FLOOR PLANS AS WELL AS DINING AND KITCHEN AREA. ONE ASSIGNED PARKING FOR EACH TENANTS. GREAT FRONTAGE CORNER LOT PROPERTY WITH HEAVY PEDESTRIAN TRAFFIC IN ONE OF THE BUSIEST AREA IN LOS ANGELES, CONVENIENT LOCATION CLOSE TO 110 FREEWAY AND NEAR PUBLIC TRANSPORTATION, SCHOOLS, SHOPPING CENTERS AND SHORT DISTANCE TO LA MEMORIAL COLISEUM, DOWNTOWN LOS ANGELES, LAX AIRPORT AND UNION STATION COMMUTER RAIL. DON'T MISS THIS OPPORTUNITYTO OWN THIS PROPERTY. HURRY UP. IT WILL NOT LAST LONG. DO NOT CONTACT OR DISTURB TENANTS. CALL LISTING AGENT. THE INVESTMENT BOASTS SPACIOUS FLOOR PLAND, SECURED GATED ENTRY WITH 4 OR 5 ON-SITE PARKING SPACES. EXCELLENT CASH FLOW AND WELL GREAT LOCATION.THIS PROPERTY WILL CONTINUE TO HAVE AN OUSTANDING LOCATION DUE TO THE SLAUSON CORRIDOR DEVELOPMENT CREATED BY THE CITY OF LOS ANGELES. SEE ATTACHED INFORMATION.
    Exterior Features

    Lot Features Corner LotLevel With StreetRectangular LotLevelWalkstreet Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 6.84 Country Us Gross Scheduled Income 92508.00 Land Use OtherRetail Laundry YN No Leasable Area Units Square Feet Lot Dimensions Source Assessor Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 71830.00 Number Of Units Leased 4 Operating Expense 20678.00 Property Sub Type Mixed Use Special Listing Conditions Standard Total Expenses 20678.00 Vacancy Allowance 0 Water Source Public

    Listing provided courtesy of Alfredo Guerra of Century 21 George Michael


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-26T23:25:33.153. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731