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4917 S Broadway - Value Add - Mixed Use Corner Lot Zoned C2 11 Unit Apartment Building Offered at $2,373,064 CAD at a 6.11% Cap Rate Los Angeles, CA 90037
INVESTMENT HIGHLIGHTS
- Owner User/Development Opportunity on Corner Lot
- Development Potential: 13,740 SF of Land on Zoned C2 on a Corner Lot
- Flexible Tenancy: Retail tenants on Month-to-Month Leases
- Quadruplex and 7 Retail Spaces
- Owner-User Ready: Two Residential Units Delivered Vacant and Rent Ready
- Income While You Plan: Maintain Cash Flow During Entitlement or Redevelopment
EXECUTIVE SUMMARY
Jonathan Prakash of Equity Union Commercial is pleased to present a Mixed-Use portfolio opportunity spanning 309 W 50th Street, 4719-4723 S Broadway Street, and 4925-4929 Broadway Street. This offering includes a 3,596 SF quadruplex with four 1-bedroom/1-bath units, a 3,284 SF retail building with three storefronts, as well as a 3,186 SF retail building with four storefronts. Two units in the quadruplex will be delivered vacant and rent-ready, creating an ideal opportunity for owner-users seeking on-site living and/or the ability to operate out of the retail spaces. All retail occupants are on month-to-month leases, providing exceptional flexibility for investors looking to reposition or re-tenant. This sale also includes the APN # 5110-021-012.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$230,913
|
$22.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,928
|
$0.69
|
| Effective Gross Income |
$223,985
|
$22.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$78,988
|
$7.85
|
| Net Operating Income |
$144,997
|
$14.40
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $230,913 |
| Annual Per SF | $22.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,928 |
| Annual Per SF | $0.69 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $223,985 |
| Annual Per SF | $22.25 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $78,988 |
| Annual Per SF | $7.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $144,997 |
| Annual Per SF | $14.40 |
PROPERTY FACTS
| Price | $2,373,064 CAD | Lot Size | 0.32 AC |
| Price Per Unit | $215,733 CAD | Building Size | 10,066 SF |
| Sale Type | Investment | Average Occupancy | 18% |
| Cap Rate | 6.11% | No. Stories | 2 |
| Gross Rent Multiplier | 10.28 | Year Built | 1923 |
| No. Units | 11 | Parking Ratio | 0.6/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | C2 | ||
| Price | $2,373,064 CAD |
| Price Per Unit | $215,733 CAD |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| Gross Rent Multiplier | 10.28 |
| No. Units | 11 |
| Property Type | Multifamily |
| Lot Size | 0.32 AC |
| Building Size | 10,066 SF |
| Average Occupancy | 18% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.6/1,000 SF |
| Zoning | C2 |
1 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $197,464 CAD | |
| Land Assessment | $167,079 CAD | Total Assessment | $364,543 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$167,079 CAD
Improvements Assessment
$197,464 CAD
Total Assessment
$364,543 CAD
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4917 S Broadway - Value Add - Mixed Use Corner Lot Zoned C2
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