$1,600,000
We are proud to present 5929 S Broadway, an 18-unit mixed-use building, offered at a 6.52 GRM and a 5.97% CAP on actual rents. Offered at a very low price per unit of $88,889 and at $139 per square foot on the building, this mixed-use property consists of a single, three-story brick building totaling 11,550 rentable square feet. Built in 1928, the property is situated on an 4,436 square foot LAC2 zoned corner lot with street access on two sides plus alley access.The unit mix features (2) two-bedroom one-bathroom units, seven (7) one-bedroom one-bathroom units, (7) seven Studios and two (2) ground level commercial units. THREE UNITS will be delivered VACANT which consist of a one-bedroom unit, a two-bedroom unit and a commercial unit. Located on the corner of W 59th Pl and Broadway, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles and neighboring communities such as Crenshaw, Inglewood, Lennox, Gardena, Huntington Park and South Gate. Contact the listing broker for additional information.
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Listed by Casey Lins with Kidder Mathews of California, Inc. (858) 369-3010
Property Type
Residential Income
Status
Active
MLS Number
26662365
Year Built
1928
Lot Size
4,434 sq ft