5724 S Broadway, Los Angeles, CA 90037
Commercial property
Sold February 2024
Listing Agent: Maurius Jeffery (DRE #01738154) · Listing Office: Marcus & Millichap · Contact: 310-909-5500 · Bought with: Maurius Jeffery · Marcus & Millichap · MLS #23320113 · Source: CRMLS
About this commercial property
The property consists of one street level "Discount-Market", two one-bedroom one bath apartments and a single two-bedroom unit. The property is separately metered for gas & electricity and has individual hot water heaters for each unit. Current rents are well below market, offering fortuitous buyers approximately 136% upside in rental income. Carrying-out interior renovations and upgrading the exterior facade of the property offers returns rarely seen in current market conditions. Proforma Cap Rate of 10.76%!
Listing description from the February 2024 sale, as reported to CRMLS.
Sale history