Broadway Studios 10424 S Broadway Immeuble residentiel 13 lots 1 361 072 € (104 698 €/Lot) Taux de capitalisation 7,39 % Los Angeles, CA 90003

Sean Nami is proud to present 10424 S. Broadway, an apartment investment opportunity located in South Los Angeles, conveniently situated in the high rental demand pocket between Century Blvd and Main Street. The strong cashflow and high yield property is offered at an attractive 7.39% CAP rate and 7.65 GRM on actual income, with 100% occupancy in the building. An investor can capture significant additional upside with the RTI plans to add 3 large ADU units on the property. The ADU units are consisting of a two-bedroom/one-bathroom, a three-bedroom/one bathroom, and a three-bedroom/two bathroom unit, which could bring north of an additional $7,650 per month once completed and rented. The 1986 built property does not fall within the city of Los Angeles rent control, and comes with renovated units, a new roof that was recently installed, and upgraded plumbing and electrical. The building has secured gated access with 13 on-site parking spaces as well. The dense, infill location of South LA comes with an easy
commute to Downtown Leimert Park and Mid-City with multiple Metro local lines and the Metro C rail line all nearby the property.