Overview
- Apartment
- 0
- 1960
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.
Address
Open on Google Maps- Address Broadway
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90003
Details
Updated on March 30, 2026 at 9:06 pm- Property ID: HZSB26002050
- Price: $2,826,000
- Garage: 0
- Year Built: 1960
- Property Type: Apartment
- Property Status: ResidentialIncome
- Listed by: Aaron Jacobson
- DRE #: 02100737
- Contact Mail: aaron@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
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