5975 BroadwayLos Angeles, CA 90003
- Investment properties
- 6,858 SF
Property Details for 5975 Broadway
- Year built
- 1919
- Construction
- WOOD
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 6,858 SF
- Zone code
- LAC2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 6005-004-013
- APU
- 6005004013
Description
This exceptional mixed-use property, located at 5975-5979 S Broadway in Los Angeles, CA 90003, presents a compelling value-add redevelopment opportunity. Priced at $1,709,000, this Class C property encompasses 6,858 square feet across two buildings on a 0.13-acre lot (APN 6005-004-013). The property boasts 100% occupancy with a diverse tenant mix, including a mini-market and an appliance store on the ground floor, generating consistent cash flow. Upstairs, eight multi-family units provide stable rental income, complemented by a single-family residence. The two-story structure offers ample parking for tenants and customers. This prime South Broadway location ensures high visibility and strong rental demand. The 5.30% cap rate and established tenants make this an attractive investment for both seasoned investors and developers seeking a lucrative redevelopment project in a thriving Los Angeles neighborhood. The property's strong cash flow, combined with its redevelopment potential, positions it for significant long-term growth. This is a rare opportunity to acquire a well-positioned, income-producing asset in a high-demand area.
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 33.9853
- Longitude
- -118.279
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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