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HIGH CAP RATE DEAL - MEDMEN BUILDING - DTLA 735 S Broadway 6 Unit Apartment Building $13,711,512 CAD ($2,285,252 CAD/Unit) Los Angeles, CA 90014
Investment Highlights
- Historic Landmark
- Lots of natural light
- Central
- Retail Hub
- Heavy foot traffic
Executive Summary
This prime downtown Los Angeles property offers exceptional visibility and foot traffic, making it an ideal investment with a HIGH CAP RATE. Close to the iconic Apple Tower Theatre, Bossa Nova, John Reed Fitness, Zinque, California Chicken Cafe, Foot Locker, Bottega Louie, Whole Foods, and many more brands. Minutes away from new Erewhon coming.
All the Units are completely remodeled A - Z. Beautiful heights and sunlight exposure throughout ! Atrium Balconies for all units floors 2 - 6 allows Natural Light all day from East to West facing !
Medmen is up for renewal and License stays with the Property Owner.
Great Owner User Sale Potential
All the Units are completely remodeled A - Z. Beautiful heights and sunlight exposure throughout ! Atrium Balconies for all units floors 2 - 6 allows Natural Light all day from East to West facing !
Medmen is up for renewal and License stays with the Property Owner.
Great Owner User Sale Potential
Property Facts
| Price | $13,711,512 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $2,285,252 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 6 | Building Size | 22,890 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2016 |
| Zoning | LAC5 - Commercial | ||
| Price | $13,711,512 CAD |
| Price Per Unit | $2,285,252 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 22,890 SF |
| No. Stories | 4 |
| Year Built | 2016 |
| Zoning | LAC5 - Commercial |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
- On-Site Retail
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Exceptionally walkable
100/100
Exceptionally drivable
90/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 5144-014-031 | Improvements Assessment | $3,851,896 CAD |
| Land Assessment | $1,118,693 CAD | Total Assessment | $4,970,589 CAD |
Property Taxes
Parcel Number
5144-014-031
Land Assessment
$1,118,693 CAD
Improvements Assessment
$3,851,896 CAD
Total Assessment
$4,970,589 CAD
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HIGH CAP RATE DEAL - MEDMEN BUILDING - DTLA | 735 S Broadway
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