9607 S Broadway
5 Unit Apartment Building $2,419,206 CAD ($483,841 CAD/Unit) 6.19% Cap Rate Los Angeles, CA 90003
INVESTMENT HIGHLIGHTS
- 1992 Construction – RSO Rent Control Exempt
- All Remodeled Units – Turn Key
- Street to Alley Access – (6) Parking Spaces
- (5) 3-Bedroom, 1- Bathroom Units
- (1) Unit Vacant – Will Be Delivered Vacant
- 4,320 Building Sqft – 5,213 Lot Sqft
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $2,419,206 CAD |
| Price Per Unit | $483,841 CAD |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| Gross Rent Multiplier | 10.88 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 4,320 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 1.39/1,000 SF |
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 5 | - | 790 |
1 of 1
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 6053-011-002 | Improvements Assessment | $1,168,789 CAD |
| Land Assessment | $657,444 CAD | Total Assessment | $1,826,234 CAD |
ZONING
| Zoning Code | C2-1, Los Angeles |
