5314 Broadway, Los Angeles, CA 90037
7,500 SF | 49% Leased | Retail Building | Los Angeles, CA 90037 | $1,195,000 ($159/SF)
For Sale
Active
8 pictures
Asking Price $1,195,000
- Property Type
-
Retail
- Square Feet
- 7,500 SF
- Price / Square Foot
- $159
Listing Contacts
Daniel Hirth
Ethan Donel
Alex Reyhan
Property Overview
Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group have been exclusively selected to market for sale 5314 S Broadway, Los Angeles, CA 90037. 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 sits 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.
5314 S. Broadway is located in the southern region of Los Angeles, California, encompasses a diverse community with a rich cultural tapestry. This area is characterized by its vibrant neighborhoods, including Historic South-Central and Vermont Square. With a mix of residential and commercial spaces, 90037 offers its residents access to various amenities such as parks, schools, and local businesses. The zip code is known for its bustling street life and is home to people from different backgrounds, contributing to its dynamic atmosphere. Additionally, 90037 is conveniently situated near major transportation routes, providing easy access to other parts of the city.
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.
5314 S. Broadway is located in the southern region of Los Angeles, California, encompasses a diverse community with a rich cultural tapestry. This area is characterized by its vibrant neighborhoods, including Historic South-Central and Vermont Square. With a mix of residential and commercial spaces, 90037 offers its residents access to various amenities such as parks, schools, and local businesses. The zip code is known for its bustling street life and is home to people from different backgrounds, contributing to its dynamic atmosphere. Additionally, 90037 is conveniently situated near major transportation routes, providing easy access to other parts of the city.
Property Details
- Year Built
- 1923
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential, Storefront
- Lot Size (sq. ft)
- 5,663 SF
Highlights
- Excellent Value Add Opportunity | 7.13% Pro Forma Cap Rate
- Owner/User Opportunity with SBA Financing
- Attractive Price Per SF: $159/SF of Building
- Immediate Opportunity to Achieve Market Rents!
- Two (2) Retail Storefronts | Two (2) Residential Units
- Great Visibility and Frontage along S. Broadway
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