Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

6114 South Broadway . Florence , CA 90003

This exceptional property, nestled in the vibrant South Los Angeles neighborhood, boasts 8 units, each featuring 1 spacious bedroom and 1 modern bathroom. Currently fully occupied, the property yields an impressive 7.3% Cap Rate, with significant growth potential through rent optimization, as the current tenants are paying below market rates.

Posted: 09/14/2024 5:58 pm | On HOMEiZ: 518 days | Updated: 2 weeks ago | Views: 1412

Location Map

Property Type

Off market

Property Price

$1395000
$ N/A
5,100.00 Acres
$382
3652
Contact listing agent%
7.30%
$101835
11.91
1.25%
$17438

Property Location & Description

This exceptional property, nestled in the vibrant South Los Angeles neighborhood, boasts 8 units, each featuring 1 spacious bedroom and 1 modern bathroom. Currently fully occupied, the property yields an impressive 7.3% Cap Rate, with significant growth potential through rent optimization, as the current tenants are paying below market rates.
Welcome to the exclusive offering from Global Platinum Properties at 6114 S Broadway! This exceptional property, nestled in the vibrant South Los Angeles neighborhood, boasts 8 units, each featuring 1 spacious bedroom and 1 modern bathroom. Currently fully occupied, the property yields an impressive 7.3% Cap Rate, with significant growth potential through rent optimization, as the current tenants are paying below market rates. Nestled on a 5,100 sq ft C2 Lot in a TOC-3 incentive zone, the property spans a total building area of 3,632 sq ft and offers 8 secure parking spaces in a conveniently accessible rear alley lot. The location is highly favorable, with a remarkable Walk Score of 78, signifying that most errands can be easily accomplished on foot. Boasting a Transit Score of 70 and a commendable Bike Score of 74, the property also offers excellent transit options and is incredibly bike-friendly.
Conveniently situated just off the 110 freeway, the property enjoys close proximity to Downtown Los Angeles, USC, and Inglewood, making it an attractive investment opportunity in a prime location.
8
$174375
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1 
8 
 
$1200
2.
 
 
 
3.
 
 
 
4.
 
 
 
5.
 
 
 
No Data
C2-1VL-CPIO
Wood & Stucco
2
1913
Good
Impressive 7.3% Cap Rate,
Fully occupied
Significant Upside in Rents
Conveniently situated just off the 110 freeway,
onsite parking

Property Information

Gated entry

Sewer

Sewer System (Public)

Parking

Assigned Parking
No Data

Investment Overview

Investor

Energy Efficiency

No
No Data
N/A
N/A
No
No
No
No

Neighborhood lifestyle

Urban Core

More information

Listing Info

Listing ID: 3478
Off market

For Sale

$1,395,000

Listing Presented by

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