5314 S Broadway Los Angeles, CA 90037
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.
- Property TypeCommercial
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site21 Days
- MLS StatusActive
- MLS ID Number24385579
- Home Size Source N/A
- Year Built1923
- Lot Size0.1289 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Number of Stories 2
- Acreage 0.1289
- Zoning LAC2
- Listing Conditions Standard
Community Features
- Association Dues 0
- MLS Area C42 - Downtown L.A.