4083 South Broadway

Los Angeles, CA 90037

$4,320,000
Price
36
Beds
36
Baths
18,366 Sq. Ft.
$235 / Sq. Ft.
18,366
Sq. Ft.
$235
per Sq. Ft.

Description

4069-83 S Broadway, a 36-unit, three property, multifamily investment opportunity located in the supply constrained 90037 zip code of Los Angeles. The property features 18,366 square feet of rentable area and is situated on three lots, totaling 20,100-square feet. The 36 - units are composed of three 12 unit buildings, with a mix of one-bedroom/one-bathroom and studio units. The building is well-maintained and offers on-site, gated parking for tenants. The property is situated in one of the most...4069-83 S Broadway, a 36-unit, three property, multifamily investment opportunity located in the supply constrained 90037 zip code of Los Angeles. The property features 18,366 square feet of rentable area and is situated on three lots, totaling 20,100-square feet. The 36 - units are composed of three 12 unit buildings, with a mix of one-bedroom/one-bathroom and studio units. The building is well-maintained and offers on-site, gated parking for tenants. The property is situated in one of the most densely populated locations in Los Angeles, sitting just South of Martin Luther King and East of Grand. This prime location offers a tremendous amount of dining, shopping, and entertainment destinations in walking distance of the property, while being a short commute to major employment centers such as Downtown Los Angeles. 4069-83 S Broadway offers tenants excellent proximity to some of Los Angeles' finest amenities such as USC, the Natural History Museum, the Coliseum, and others. Nearby grocers include Ralph's, Trader Joe's, and Smart & Final. Local dining options include Chick-fil-A, Subway, Roscoe's Chicken and Waffles, Tam's Burgers and more.
  1. Listed by Chandler Rockwell • DRE #02080782 • Brokerage DRE #00748543 • Fred Leeds Asset Group Inc.

Property Details for 4083 South Broadway

Zoning
LAM1
Parcel Number
5111004012
Total Units
36.0
Living Area
18366
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
1
Lot Size Area
7402

Location

Listing Courtesy of Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782
Add your commute
LISTING UPDATED: 01/23/2024 02:18 PM

Property Details for 4083 South Broadway

StatusActive
MLS #24-350877
Days on Market153
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.17 AC / 7,402 SF
CountyLos Angeles County

Location

Listing Courtesy of Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782
Add your commute

Building Information for 4083 South Broadway

Stories-Residences-Year Built1922Building Size-Lot Size0.17 AC / 7,402 SF

Payment Calculator

$24,448 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,576

Property Taxes

$872

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4083 South Broadway

Community / Development
Community / Development
  • Number Of Units: 36
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: 36
  • Security Features: Gated
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $394,507
  • Net Operating Income: $230,828.00
  • Gross Income: $394,507
  • Cap Rate: 5.34%
  • Gross Rent Multiplier: $11.16
  • Actual Annual Gross Rent: $387,144.00
  • Vacancy Allow Percent: 2.50%
  • Owner Pays: Water
  • Total Annual Expense: 154000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1699
  • Lot Size Square Feet: 7402
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 0
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $3,424.60
  • Unit Projected Rent: $4,950.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $873.86
  • Unit Projected Rent: $44,550.00
  • Like Units: 33
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $455,762.00
  • Assessed Improvement Percent: 60.17
  • Assessed Land Value: $301,733.00
  • Assessed Land Percent: 39.83
  • Assessed Total Value: $757,495.00

Property History for 4083 South Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4083 South Broadway

Taxable ValueLand$301,733Additions$456,962Total$758,695
Tax Record2023$10,467 ($872 / month)
Home Facts
Total Finished SqFt6,008 SqFtAbove Grade Finished SqFt6,008 SqFtLot Size7,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLAM1CountyLOS ANGELESAPN5111-004-012

Schools near 4083 South Broadway

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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4083 South Broadway is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on December 1, 2023 by Fred Leeds Asset Group Inc., it's currently listed at $4,320,000. 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. 4083 South Broadway is a 36-bed, 36-bath, 18,366 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 Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782

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.