Listing provided courtesy of Daniel Hirth of KW Advisors. Last updated 2024-05-16 09:01:56.000000. Listing information © 2023 CRMLS.
Asking Price: $1,195,000
5314 Broadway, Los Angeles CA 90037
Community: C42 - Downtown L.A.
Status: Active
This Commercial/Residential property was built in 1923 and is priced at $1,195,000. Please see the additional details below.
The subject property is a mixed-use retail and residential building sitting at 7,500 SF on an estimated 5,617 SF lot. 5314 S Broadway currently consists of two (2) ground level retail storefronts and two (2) residential units located on the second floor. Additionally, in the rear of the building sits a detached structure that is used for storage/parking. With 75% of the building currently vacant, this presents an excellent opportunity for investors seeking over a 7% pro forma cap rate. Immediate market rents can be attained for both the retail and residential units. Furthermore, this offering is well-suited for owner-users interested in leveraging SBA financing, requiring as little as a 10% down! An owner-user has the option to occupy 51% of the premises while leasing out the remaining space for supplemental income.*Per title, building square footage is 5,869. Buyer to perform own due diligence and verify all information.