$1,195,000
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5314 Broadway Los Angeles, CA 90037
Mixed Use
Residence
Beds
Baths
7,500
Sq. Ft.
0.13
Acre
Lot
Property Activity
Time on Site
days
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The subject property is a mixed-use retail and residential building sitting at 7,500 SF on an estimated 5,617 SF lot. 5314 S Broadway currently consists of two (2) ground level retail storefronts and two (2) residential units located on the second floor. Additionally, in the rear of the building sit...s a detached structure that is used for storage/parking. With 75% of the building currently vacant, this presents an excellent opportunity for investors seeking over a 7% pro forma cap rate. Immediate market rents can be attained for both the retail and residential units. Furthermore, this offering is well-suited for owner-users interested in leveraging SBA financing, requiring as little as a 10% down! An owner-user has the option to occupy 51% of the premises while leasing out the remaining space for supplemental income.*Per title, building square footage is 5,869. Buyer to perform own due diligence and verify all information.
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MLS#
24385579
Property Type
Mixed Use
Status
Year Built
1923
Square Feet
7,500
sq. ft
Lot Size
0.13
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