Property Detail

Description

We are proud to present proud to present 5314 S. Broadway, the property features two vacant ground-floor retail storefronts (Unit 5314 is built-out for a restaurant), two 5 Bed/1 Bath residential units on the second floor, and a detached rear garage that may be suitable for ADU conversion or additional income space, subject to city approval. The site offers approximately 7,500 square feet of improvements on a 5,617 square-foot lot (per title). The two upstairs residential units are 5 bedroom, 1 bathroom each. The units are currently occupied by unauthorized squatters living illegally, presenting a significant value-add opportunity for investors or owner-users seeking to renovate and stabilize the asset. At an asking price of $1,050,000, the property is offered at an exceptionally low $140 per square foot of building area, which is well below replacement cost and recent comparable sales. Based on projected market rents following renovation and lease-up, the property is expected to yield an estimated pro forma cap rate of approximately 12%. Situated along South Broadway, one of South Los Angeles' most active commercial corridors, the property benefits from high visibility, consistent traffic, and proximity to key employment and education centers. It's just minutes from the 110 Freeway, 1.5 miles from Exposition Park, and 2.5 miles from USC, offering convenient access to major Los Angeles destinations. This property represents a compelling repositioning opportunity ideal for investors seeking strong returns or for owner-users looking to establish a business while benefiting from long-term appreciation in a rapidly improving submarket.