4060 Broadway Place

Los Angeles, CA 90037

$2,900,000
Price
4
Beds
24
Baths
15,273 Sq. Ft.
$190 / Sq. Ft.
15,273
Sq. Ft.
$190
per Sq. Ft.

Description

We are 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...We are 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.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 4060 Broadway Place

Zoning
LAM1
Living Area
15273
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
6420
Source Lot Size Area
Assessor
Assessor Parcel Number
5111-022-025

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute
LISTING UPDATED: 04/24/2024 10:39 AM

Property Details for 4060 Broadway Place

StatusActive
MLS #24-378541
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.15 AC / 6,420 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343
Add your commute

Building Information for 4060 Broadway Place

Stories3Residences-Year Built1922Building Size-Lot Size0.15 AC / 6,420 SF

Payment Calculator

$16,821 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$995

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4060 Broadway Place

Community / Development
Community / Development
  • Number Of Units: 24
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Resid./Comm.
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $331,502
  • Net Operating Income: $174,649.00
  • Gross Income: $337,475
  • Cap Rate: 6.02%
  • Gross Rent Multiplier: $8.59
  • Total Annual Expense: 156854
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1474
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: Multi/Split, Three Or More
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: Other
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,188.00
  • Unit Actual Rent: $19,001.00
  • Unit Projected Rent: $26,400.00
  • Like Units: 16
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,167.00
  • Unit Actual Rent: $4,668.00
  • Unit Projected Rent: $7,800.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,113.00
  • Unit Actual Rent: $4,454.00
  • Unit Projected Rent: $6,400.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $482,909.00
  • Assessed Improvement Percent: 57.97
  • Assessed Land Value: $350,105.00
  • Assessed Land Percent: 42.03
  • Assessed Total Value: $833,014.00

Property History for 4060 Broadway Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4060 Broadway Place

Taxable ValueLand$350,105Additions$485,269Total$835,374
Tax Record2023$11,937 ($995 / month)
Home Facts
Total Finished SqFt15,273 SqFtAbove Grade Finished SqFt15,273 SqFtStories1Lot Size6,418 SqFtStyleOffice BuildingYear Built1922ZoningLAM1CountyLOS ANGELESAPN5111-022-025

Schools near 4060 Broadway Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Maple Primary Center
PublicK to 1

Trinity Street Elementary School
Public2 to 5

William Jefferson Clinton Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4060 Broadway Place is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on April 10, 2024 by Marcus & Millichap, it's currently listed at $2,900,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Maple Primary Center, Trinity Street Elementary School and William Jefferson Clinton Middle School. 4060 Broadway Place is a 4-bed, 24-bath, 15,273 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.