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Listed by Aaron Jacobson, DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.
$ 2,826,000
Est. payment /mo
Price Dropped by $100K
7511 S Broadway Los Angeles, CA 90003
0.44 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26002050
Year Built 1960
Lot Size 0.436 Acres
Source California Regional MLS
Property Description
7509-7521 S Broadway presents an opportunity to acquire a strong cash flowing asset in South Los Angeles, with achievable value add potential. Offered at just $188 per square foot and 8.80 GRM, the property provides an attractive cost basis for investors seeking both immediate cash flow and has the potential to convert the uncovered parking into multiple ADUs. With SB1211, a buyer can build up to (8) ADUs that can increase value tremendously. (Buyer to Verify feasibility of ADUs). Using conservative construction costs, building out (8) 2-Bed/1-Bath ADUs, the property can operate at a 6.48 GRM and 10.61% Cap Rate, while still achieving upside through unit turns and renovations. Situated along South Broadway, the property benefits from proximity to major transit routes, employment centers, and new development projects reshaping the surrounding neighborhood.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Laundry Community Facility
Exterior
Garage Spaces 20.0
Pool None
Building
Water District - Public
Others
Tax ID 6031010030
Special Listing Condition Not Applicable
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