Properties

Property Description

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.

Features
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Address Map
CA
Los Angeles
Los Angeles
90037
Broadway
5314
W119° 43' 19.5''
N33° 59' 37.8''
LAC2
S
C42 - Downtown L.A.
S. Broadway and W. 53rd Street
Neighborhood
Neighborhood
MLS Addon
KW Advisors
Daniel Hirth
$0
$0
$0
$0
$0
$0
Additional Information
43x130
2
2024-04-29
2
1
7500
Listing Information
CLW-C126030
CLW-X74717
Active
2024-04-29T19:46:15Z
CRMLS
: Standard
2024-04-29T00:00:00Z

Commercial Sale For Sale

5314 S Broadway, Los Angeles, California 90037

0.13 Acre
$1,195,000
Listing ID #24385579
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 24385579
Price : $1,195,000
Year Built : 1923
Lot Area : 0.13 Acre
Status : Active
Property Sub Type : Mixed Use
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