5314 BroadwayLos Angeles, CA 90037
- Investment properties
- 5,869 SF
Property Details for 5314 Broadway
- Year built
- 1923
- Construction
- WOOD
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 5,869 SF
- Zone code
- LAC2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 5101-033-016
- APU
- 5101033016
Description
This mixed-use property at 5314 S Broadway, Los Angeles, CA 90037, presents a compelling value-add opportunity. The 7,500 square foot building, situated on a 5,617 square foot lot, comprises two ground-level retail storefronts and two residential units on the second floor. A detached rear structure provides additional storage or parking. Currently operating at 100% occupancy across four units, this Class C property offers significant upside potential. The asking price is $1,195,000, translating to $159.33 per square foot. Built in 1923, the two-story building is zoned LAC2 and features excellent visibility on S. Broadway. The property's location in a vibrant, diverse Los Angeles neighborhood offers strong demographics, with significant daily traffic volume. This owner-user opportunity is well-suited for leveraging SBA financing, requiring as little as a 10% down payment. An owner-user could occupy 51% of the premises while leasing the remainder for supplemental income. The property's pro forma cap rate is projected at 7.13%. Note: Building square footage per title is 5,869 square feet. Buyer to verify all information.
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 33.9938
- Longitude
- -118.278
- 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
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].