6501-6505 Broadway, Los Angeles, CA 90003

51 Unit Apartment Building | For Sale | Los Angeles, CA 90003

For Sale

Active

6 pictures

Property Type: Multifamily
Square Feet: 30,156 SF

Listing Contacts

Shawn Bolour

Keon Truth

Property Overview

The Mogharebi Group is pleased to present the opportunity to acquire 6501 South Broadway, a 51-unit community located in Los Angeles, CA. This newly constructed asset features a diverse unit mix of studio, one bedroom, and two bedroom floorplans that range between 400 and 810 square feet. The property sits as a prime candidate for a property tax welfare exemption. A new owner can assume the PATH contract, which provides Section 8 rental subsidy. The property’s location, 6501 South Broadway, sits just off Interstate 110 and is surrounded by several Metro Local lines, all within walking distance.

Investment Highlights:
-51u in Los Angeles, 2024 New Construction, Affordable Housing
-Affordable Housing Deed Restricted at 80% and 110% AMI
-Section 8 Coordinated Entry System and Supportive Services Agreement in Place with Approved Rents
-Candidate for Real Estate Property Tax Welfare Exemption
-Excellent Access to Major Freeways
-Abundant Local Public Transportation Hubs
-Deal was not financed with Low Income Housing Tax Credits (LIHTC) or other soft debt subsidy sources

Property Details

Class: B
Year Built: 2024
Stories: 4
Lot Size (sq. ft): 11,326 SF
Units: 51

Highlights

Durable Cash Flow Play
Resilient to Market Volatility
In-Place Supportive Services Agreement

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