9427 S Broadway

    Los Angeles (City), CA 90003
    • $2,390,000
    • STATUS: Active
    • ON SITE: 73 days
    • ID#: SB19188377
    Price Reduced
    UPDATED: 32 min ago
    $2,390,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,800
      SQFT
    • $351
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    Description

    Located just east of the 110 Fwy. and north of Century Blvd., 9427 S Broadway presents a noteworthy opportunity to own an apartment in Los Angeles not subject to the city's rent control ordinance. Built in 1989, the building features all 3 & 4 bedrooms units and sits on a high density zoned 13,742 SQFT corner lot. Gated parking is available for each tenant with plenty of extra parking spaces accommodating multiple car households or guest parking. In addition to the property not being subject to L.A. rent control it is also not subject to the L.A. Soft-story Retrofit Program. The stated income is actual and some expenses are estimated.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T14:35:59.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/97679358

    9427 S Broadway Los Angeles (City), CA 90003

    • Price: $2,390,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: SB19188377
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    6,800
    SQFT
    $351
    $/SQFT
    1989
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Located just east of the 110 Fwy. and north of Century Blvd., 9427 S Broadway presents a noteworthy opportunity to own an apartment in Los Angeles not subject to the city's rent control ordinance. Built in 1989, the building features all 3 & 4 bedrooms units and sits on a high density zoned 13,742 SQFT corner lot. Gated parking is available for each tenant with plenty of extra parking spaces accommodating multiple car households or guest parking. In addition to the property not being subject to L.A. rent control it is also not subject to the L.A. Soft-story Retrofit Program. The stated income is actual and some expenses are estimated.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/AcreLot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedConcreteGatedOn SiteUncovered Parking Total 13.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 705 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.01 Community Features BikingCurbsSidewalksStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 183744.00 Gross Multiplier 13.01 Gross Operating Income 174557.00 Gross Scheduled Income 183744.00 Improvements Amount 1378361 Improvements Percent 57.67 Insurance Expense 2326.00 Land Lease YN No Land Value 1011638 Land Value Percent 42.33 Laundry YN No Maintenance Expense 2119.00 Net Operating Income 119792.00 New Construction YN No New Taxes Expense 34310.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 54765.00 Operating Expense Percent 29.81 Pest Control Expense 638.00 Professional Management Expense 9187.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 15312.00 Total Expenses 54765.00 Trash Expense 0.00 Vacancy Allowance 9187 Vacancy Allowance Rate 5.00 Water Sewer Expense 6185.00 Water Source Public Year Built Source Other Zoning Lac2

    Listing provided courtesy of Derek Fowler of Re/Max Commercial & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T14:35:59.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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