About this property

Stiegler | Takahashi Group is excited to present a prime turnkey investment opportunity at 9607 S Broadway, Los Angeles. This well-maintained 5-unit multifamily property, built in 1992, is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), but is governed by AB1482. The property features five fully remodeled 3-bedroom, 1-bathroom units, each equipped with washer/dryer hookups. One unit is currently vacant and will remain so upon the close of escrow, offering the new owner the immediate opportunity to lease at full market rent. Spanning 4,320 square feet of living space on a 5,213 square foot lot, the property provides convenient street-to-alley access and includes six parking spaces. This is a fantastic opportunity for investors seeking a turnkey asset with solid rental income potential in a desirable location.

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Features
YEAR BUILT
1992
PRICE/SQFT
$392.36
CURRENT CAP
6.19%
CURRENT GRM
10.86
MARKET CAP
7.06%
MARKET GRM
9.91
BEDROOMS
BATHROOMS
Lot SqFt
5,213
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