3806 S Broadway, Los Angeles, CA 90037
Property · 2 recorded sales since 2016
Sold February 2026
Listing Agent: Darin Spillman (DRE #01366902) · Listing Office: Kidder Mathews of California, Inc. · Contact: 310-312-1800 · Bought with: Darin Spillman · Kidder Mathews of California, Inc. · MLS #25610569 · Source: CRMLS
About this property
16-unit multifamily property located just four blocks from Exposition Park and a half-mile from the University of Southern California (USC). The unit mix consists of eight 2-bedroom / 1-bath and eight 1-bedroom / 1-bath apartments, many featuring hardwood floors and individual water heaters. Extensive capital improvements have been completed, including: * 100% copper plumbing * ABS drain lines * Romex electrical wiring and panel upgrades * New roof (2018) * Newer stucco and dual-pane windows. Positioned in one of Los Angeles' most dynamic infill locations, the property is located a few blocks from Exposition Park, the Coliseum, USC Village, and Downtown Los Angeles employment centers. The surrounding neighborhood offers strong rental demand from both students and workforce tenants. Located within a Qualified Opportunity Zone, 3806 S. Broadway also presents potential long-term tax advantages for investors holding the property for 7 to 10 years. Offered at a 6.6% cap rate and 8.4x gross, the asset represents an opportunity to acquire a stabilized, extensively renovated apartment building with strong upside potential in a high-density, supply-constrained Los Angeles submarket.
Listing description from the February 2026 sale, as reported to CRMLS.
Sale history
