Los Angeles, CA 90003,7511 S Broadway
Los Angeles, CA 90003,7511 S Broadway
Los Angeles, CA 90003,7511 S Broadway
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$2,926,000
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0.44 Acres Lot
Active

7511 S Broadway Los Angeles, CA 90003

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Shari Wolvek

Shari Wolvek

+1(818) 515-8735

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26002050

HOA Y/N No

Year Built 1960

Lot Size 0.436 Acres

Property Sub-Type Apartment

Property Description

7509–7521 S Broadway presents an opportunity to acquire a strong cash flowing asset in South Los Angeles, with achievable value add
potential. Offered at just $195 per square foot and 8.99 GRM, the property provides an attractive cost basis for investors seeking both immediate
cash flow and has the potential to convert the uncovered parking into multiple ADUs. With SB1211, a buyer can build up to (8) ADUs that can increase value tremendously. (Buyer to Verify feasibility of ADUs). Using conservative construction costs, building out (8) 2-Bed/1-Bath ADUs, the property can operate at a 6.61 GRM and 10.41% Cap Rate, while still achieving upside through unit turns and renovations. Situated along South Broadway, the property benefits from proximity to major transit routes, employment centers, and new development projects reshaping the surrounding neighborhood.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Suburban, Sidewalks, Urban

Total Parking Spaces 20

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6031010030

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

CRMLS – RECore
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Global Education Academy

    Public | KG - 5

  • 8

    Synergy Charter Academy

    Public | KG - 5

  • 8

    Celerity Dyad Charter

    Public | KG - 8

  • 7

    New Heights Charter

    Public | KG - 8

  • 7

    Aspire Juanita Tate Academy

    Public | KG - 6

  • 6

    Kipp Empower Academy

    Public | KG - 4

  • 6

    Menlo Avenue Elementary

    Public | KG - 5

  • 6

    Watts Learning Center

    Public | KG - 5

  • 6

    Thirty-Second Street Usc Performing Arts

    Public | KG - 12

  • 6

    99th Street Elementary School

    Public | PK - 6

  • 6

    Center for Advanced Learning

    Public | KG - 5

  • 6

    Aspire Titan Academy

    Public | KG - 5

  • 5

    Kipp Academy of Opportunity

    Public | 5 - 8

  • 5

    74th Street Elementary School

    Public | KG - 5

  • 5

    Kipp Scholar Academy

    Public | 5 - 8

  • 5

    La Salle Avenue School

    Public | KG - 5

  • 5

    Accelerated

    Public | KG - 8

  • 5

    Accelerated Elementary Charter

    Public | KG - 6

  • 5

    118th Street Elementary

    Public | KG - 5

  • 5

    66th Street Elementary School

    Public | KG - 6

Middle Schools 20
  • 6

    Alliance Ouchi-O'Donovan 6-12 Complex

    Public | 6 - 12

  • 6

    Alliance College-Ready Middle Academy No. 4

    Public | 6 - 8

  • 5

    Synergy Kinetic Academy

    Public | 6 - 8

  • 5

    Aspire Centennial College Preparatory Academy

    Public | 6 - 8

  • 4

    Alliance Jack H. Skirball Middle School

    Public | 6 - 8

  • 4

    Thomas Alva Edison Middle School

    Public | 6 - 8

  • 4

    Dr. Julian Nava Learning Academy - School of Business & Tech

    Public | 6 - 8

  • 3

    Animo Jefferson Charter Middle School

    Public | 6 - 8

  • 2

    Bethune Middle School

    Public | 7 - 8

  • 2

    Animo Charter Middle No. 2

    Public | 6 - 8

  • 2

    Drew Middle School

    Public | 7 - 8

  • 1

    Century Academy for Excellence

    Public | 6 - 8

  • 1

    Horace Mann Junior High School

    Public | 6 - 8

  • 1

    Barack Obama Global Preparation Academy

    Public | 6 - 8

  • 1

    John Muir Middle School

    Public | 6 - 8

  • 1

    Bret Harte Preparatory

    Public | 6 - 8

  • 1

    Samuel Gompers Middle School

    Public | 6 - 8

  • 1

    Watts Learning Center Charter Middle School

    Public | 6 - 8

  • 1

    Los Angeles Academy Middle School

    Public | 6 - 8

  • 1

    George Washington Carver Middle School

    Public | 6 - 8

High Schools 20
  • 8

    Middle College High School

    Public | 9 - 12

  • 8

    Wallis Annenberg High School

    Public | 9 - 12

  • 8

    Alliance College-Ready Academy High No. 5

    Public | 9 - 12

  • 8

    Animo Pat Brown

    Public | 9 - 12

  • 8

    Alliance Huntington Park College-Ready Academy High School

    Public | 9 - 12

  • 7

    Alliance Judy Ivie Burton Technology Academy High School

    Public | 9 - 12

  • 7

    Student Empowerment Academy

    Public | 9 - 12

  • 7

    Linda Marquez High School - Libra Academy

    Public | 9 - 12

  • 6

    Animo Ralph Bunche High School

    Public | 9 - 12

  • 6

    Alliance Cindy and Bill Simon Technology Academy H

    Public | 9 - 12

  • 6

    Linda Marquez High School - Huntington Park Institute of Applied Medicine

    Public | 9 - 12

  • 5

    Animo South los Angeles Charter

    Public | 9 - 12

  • 5

    Public Service Community High School - Diego Rivera Learning Complex

    Public | 9 - 12

  • 5

    Linda Marquez High School - School of Social Justice

    Public | 9 - 12

  • 4

    Synergy Quantum Academy

    Public | 9 - 12

  • 4

    Green Design STEAM Academy - Diego Rivera Learning Complex

    Public | 9 - 12

  • 4

    Nava College Preparatory Academy

    Public | 9 - 12

  • 3

    Communication & Technology School - Diego Rivera Learning Complex

    Public | 9 - 12

  • 2

    Augustus F. Hawkins High School - Critical Design and Gaming

    Public | 9 - 12

  • 2

    Dymally High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Shari Wolvek

Shari Wolvek

Agent | License ID: 02235508

+1(818) 515-8735

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7511 S Broadway