Listed by Marcus & Millichap - Encino
$1,985,000
1909 N Broadway
Details
APN 5447-022-004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,607
Net Rentable (SqFt) 7,607
Units 16
Cap Rate 5.7%
NOI $113,171
Occupancy 100%
Pro-Forma Cap Rate 9.23%
Pro-Forma NOI $183,202
Price per SqFt $261
Year Built 1915
Buildings 1
Stories 2
Lot Size (SqFt) 8,208
Zoning LAUV(CA)
Multifamily | 16 Units | $124,063/unit
Investment highlights
Value-add opportunity with 34% rental upside
First time on market in more than 47 years
Prime Lincoln Heights neighborhood
Proximity to Downtown Los Angeles, Chinatown, the Arts District, and Dodger Stadium
Walk Score: 89
Listing Contacts
Listed by Marcus & Millichap - Encino
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,171.00
$9,430.92/mo
Valuation Metrics
0
DSCR
5.7%
Cap Rate
5.7%
ROI
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Tax History
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