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$ 2,200,000
Est. payment | /mo
24 Beds
16 Baths
9,616 SqFt
$ 2,200,000
Est. payment | /mo
24 Beds
16 Baths
9,616 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,616 sqft
Price per Sqft $228
MLS Listing ID 25610569
Bedrooms 24
HOA Y/N No
Year Built 1916
Lot Size 8,254 Sqft
Property Description
16-unit multifamily property located just four blocks from Exposition Park and a half-mile from the University of Southern California (USC). The unit mix consists of eight 2-bedroom / 1-bath and eight 1-bedroom / 1-bath apartments, many featuring hardwood floors and individual water heaters. Extensive capital improvements have been completed, including: * 100% copper plumbing * ABS drain lines * Romex electrical wiring and panel upgrades * New roof (2018) * Newer stucco and dual-pane windows. Positioned in one of Los Angeles' most dynamic infill locations, the property is located a few blocks from Exposition Park, the Coliseum, USC Village, and Downtown Los Angeles employment centers. The surrounding neighborhood offers strong rental demand from both students and workforce tenants. Located within a Qualified Opportunity Zone, 3806 S. Broadway also presents potential long-term tax advantages for investors holding the property for 7 to 10 years. Offered at a 6.6% cap rate and 8.4x gross, the asset represents an opportunity to acquire a stabilized, extensively renovated apartment building with strong upside potential in a high-density, supply-constrained Los Angeles submarket.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAM1
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 8
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5122039020
Special Listing Condition Standard
Listed by Darin Spillman Kidder Mathews of California, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Suite 100 25950 Acero, Mission Viejo, California, 92691, USA