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$ 1,332,450
Est. payment | /mo
12 Beds
4 Baths
3,204 SqFt
$ 1,332,450
Est. payment | /mo
12 Beds
4 Baths
3,204 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,204 sqft
Price per Sqft $415
MLS Listing ID 25508357
Bedrooms 12
HOA Y/N No
Year Built 1990
Lot Size 6,046 Sqft
Property Description
Comprised of (4) 3BD/1BA units, 8925 S. Broadway is a well maintained multifamily asset located in South Los Angeles. Built in 1990, the asset is situated on a 6,043 square foot lot with 8 parking spaces located behind the building. Priced at a 5.2% Cap rate and an 11.38 GRM, new ownership can capture approximately 23% upside to stabilize the asset at a 7.38% Cap rate and 9.25 GRM.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAC2
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 8
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6040030016
Special Listing Condition Standard
Listed by Douglas Steinriede • Dover Management Corp.