5911 S Broadway - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90003
$595,000 USD
310-592-8269
5911 S Broadway, Los Angeles, CA for Sale
$595,000 USD
Storefront Retail/Residential - FOR SALE
1/25
null | 5.32% Cap Rate

5911 S Broadway
Los Angeles, CA 90003


HIGHLIGHTS

  • Extensively renovated building including electrical upgrade to 320 amps in 2019, new sewer line, bathroom plumbing
  • 25 feet of frontage on Broadway
  • Located on a commercial section of Broadway with active retail stores and foot traffic
  • Alley access and gated parking of at least 2 spaces
  • 2 retail entrances
  • 90% SBA financing available to owner-users

OVERVIEW

NEW PRICING! Kidder Mathews is pleased to present 5911 S Broadway, a 2,400 square foot, two-story building consisting entirely of functional artist studios of varying square footages, with one vacant unit upstairs. All units are on month-to-month leases. An investor can continue to rent these units or alternatively, re-convert the ground floor units to their original use as storefront retail. Alternatively, the building can be occupied by an owner-user for retail, studio, or warehouse use. An owner-user can obtain up to 90% SBA financing. The rear 1st floor unit includes private use of a 1,000 square foot covered back yard work space, which alternatively could be used for parking. The configuration of combined indoor/outdoor space can be ideal for a variety of commercial uses. The building has undergone a multitude of upgrades around 2018-19, including a full electrical upgrade to 320 amps; all floors including the balcony's have been replaced with laminate on the 2nd floor; new drywall on all of 1st floor and some on 2nd; new sewage pipes underground going from the 1st floor bathroom to the street; new tankless gas water heater and new pipes to 1st floor bathrooms and upstairs bathroom; new metal door at front entrance. The large wall downstairs splitting the two studios can be removed to create one larger ground floor space; it's not structural and was installed by seller). The building's original use was mixed-use ground floor retail and residential units upstairs. Buyer should do his/her own due diligence regarding all permits and square footages.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

5.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Renovated Retail / Mixed-Use on Broadway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

LAC2

APN/PARCEL ID

6005-006-013

ASK ABOUT THIS PROPERTY

Darin SpillmanKidder MathewsMore Info
310-592-8269

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Darin SpillmanKidder MathewsMore Info
310-592-8269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.