Mixed-Use
4060-4064 South Broadway Place
4060 Broadway, Los Angeles, CA 90037
Listing Price: $2,900,000
Investment Overview
Marcus & Millichap is pleased to offer for sale a 24-unit (20 unit + Two Commercial – operating as residential + Two Storefronts) mixed-use community located at 4060 - 4064 South Broadway Place.
Built in 1922, the property is a three-story building consisting of 18 studios, four one-bedroom/one-bathroom units and two commercial storefront units. Positioned just one and a half miles from the University of Southern California, three miles from the Staples Center and L.A. Live, the property is located on Broadway Place just south of Jefferson Boulevard and east of the 110 freeway.
The offering represents a unique buying opportunity to acquire a mid-sized property with attractive in-place metrics in an in-fill location near Downtown Los Angeles, with additional upside potential.
* Buyer to verify unit, bedroom and bathroom count.
4060-4064 South Broadway Place
Investment Highlights
- There is 44 Percent Remaining Rental Upside Through Interior Renovations
- Property is Offered at an Attractive Basis of $190 PSF
- Conveniently Located Near the 10 and 110 Freeways, Providing Easy Access Throughout Los Angeles
- The Property is an Excellent Candidate for Subsidized Rental Programs that Offer Rental Rates and Stability of Income
- Within Close Proximity Highly Renowned University of Southern California Campus and Major Employment Centers in Downtown LA, which Drives Rental Growth and Minimizes Leasing Times
Exclusively Listed By
Financing By
Listing Price: $2,900,000
Investment Highlights
- There is 44 Percent Remaining Rental Upside Through Interior Renovations
- Property is Offered at an Attractive Basis of $190 PSF
- Conveniently Located Near the 10 and 110 Freeways, Providing Easy Access Throughout Los Angeles
- The Property is an Excellent Candidate for Subsidized Rental Programs that Offer Rental Rates and Stability of Income
- Within Close Proximity Highly Renowned University of Southern California Campus and Major Employment Centers in Downtown LA, which Drives Rental Growth and Minimizes Leasing Times
Investment Overview
Marcus & Millichap is pleased to offer for sale a 24-unit (20 unit + Two Commercial – operating as residential + Two Storefronts) mixed-use community located at 4060 - 4064 South Broadway Place. Built in 1922, the property is a three-story building consisting of 18 studios, four one-bedroom/one-bathroom units and two commercial storefront units. Positioned just one and a half miles from the University of Southern California, three miles from the Staples Center and L.A. Live, the property is located on Broadway Place just south of Jefferson Boulevard and east of the 110 freeway. The offering represents a unique buying opportunity to acquire a mid-sized property with attractive in-place metrics in an in-fill location near Downtown Los Angeles, with additional upside potential. * Buyer to verify unit, bedroom and bathroom count.
Exclusively Listed By
Financing By
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