Broadway Apartments 9905 S Broadway Immeuble residentiel 12 lots 2 911 420 € (242 618 €/Lot) Taux de capitalisation 5,46 % Los Angeles, CA 90003

9905 S Broadway presents a rare opportunity to acquire a well-maintained, non-rent-controlled, 12-unit multifamily property in the heart of South Los Angeles. Built in 1991, this asset is exempt from rent control and offers a more hands-off management experience compared to older buildings in the area. The unit mix is designed for consistent income, making it a strong performer for both investors focused on cash flow and those seeking long-term appreciation.
The property features a brand-new roof installed in 2025, and 10 of the 12 units have been updated with several new water heaters, reducing immediate capital expenditure concerns and adding operational efficiency.
The property currently operates at a solid 5.46% CAP rate and 11.31 GRM, with clear potential to increase rents and reach a 6.41% CAP and 10.16 GRM at market. The gated lot includes ample on-site parking, a highly desirable amenity for tenants in this dense submarket.
Centrally located with easy access to the 110 Freeway, 9905 S Broadway is positioned to benefit from continued urban growth and high rental demand in South LA. With stable in-place income, strong upside potential, and no rent control restrictions, this is a compelling opportunity for both seasoned and new multifamily investors.