Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

16

Building size

7,607 sqft

Lot size

8,210 sqft

Year built

1915

Stories

2

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

8

MLS #

247601912

About this property

We are pleased to present 1909 N Broadway, a two-story, 16-unit apartment community located in the heart of Lincoln Heights. Offered for sale for the first time in 47 years, the property presents an opportunity for investors to capture rental upside as units turn over. Built in 1915, the unit mix consists of (2) bachelors, (6) studios, (4) one-bedroom/one-bath units, and (4) one-bedroom/two-bath units. The building spans approximately 7,607 square feet of living space on an 8,208 square foot lot. The property is master-metered for water, gas, and electricity and includes three recently replaced 40-gallon water heaters. Additional features include gated entry, a shared restroom on each floor currently utilized for storage, and no on-site parking. Situated along N. Broadway just west of the 5 Freeway, the property benefits from a strong walk score of 89 and close proximity to local markets, neighborhood dining, and Chavez Ravine, home of Dodger Stadium. Downtown Los Angeles, Chinatown, the Arts District, Boyle Heights, and surrounding neighborhoods are only minutes away, with convenient access to both the 110 and 5 Freeways providing connectivity throughout Greater Los Angeles.

Location

1909 N Broadway

Los Angeles, Los Angeles, CA, 90031