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Courtesy of: J.Woody Stahl | Lyon Stahl Investment Real Estate, Inc.
Purchase Type: Sale
MLS ID: SB21034061
Days On Market: 11
Year Build: 1925
Lot size: 0.153
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Address: 7701 S Broadway
County: Los Angeles
City: Los Angeles
Neighborhood: C37 - Metropolitan South
Pool Features: None
7701 S Broadway is a mixed-use parcel located in South Los Angeles. The property consists of (4) 1-bed/1-units and (3) 727 SF retail spaces. Currently, the property is performing at a 6.47% CAP rate and a 10.88 GRM. South Broadway sees over 18,000 cars per day and has 63,058 residents in a 1-mile radius. 7701 S Broadway is conveniently located by the 110 Freeway Entrance leading straight to downtown Los Angeles.
Given the high traffic location and the potential to obtain historically low financing, this is an excellent opportunity for an owner-user opportunity to live in one unit and subsidize monthly payment with rental income from the other units and retail spaces.