Homes for sale - 7511 S Broadway, Los Angeles, CA 90003

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.

$2,926,000

Est. payment - /mo

0.44 Acres Lot

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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 $195 per square foot and 8.99 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 6.61 GRM and 10.41% 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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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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7511 S Broadway Los Angeles, CA 90003

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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