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4083 S Broadway, Los Angeles, CA 90037
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4083 S Broadway Los Angeles, CA 90037

$4,320,000
  • 3 Beds
  • 36 Baths
  • 18,366 Sq.Ft.
For Sale
$4,320,000 Get Pre-Qualified
Map preview of 4083 S Broadway, Los Angeles, CA 90037

Property Overview: 4083 S Broadway Los Angeles, CA has 3 bedrooms, 36 bathrooms, 18,366 living square feet and 7,402 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 4069-83 S Broadway, a 36-unit, three property, multifamily investment opportunity located in the supply constrained 90037 zip code of Los Angeles. The property features 18,366 square feet of rentable area and is situated on three lots, totaling 20,100-square feet. The 36 - units are composed of three 12 unit buildings, with a mix of one-bedroom/one-bathroom and studio units. The building is well-maintained and offers on-site, gated parking for tenants. The property is situated in one of the most densely populated locations in Los Angeles, sitting just South of Martin Luther King and East of Grand. This prime location offers a tremendous amount of dining, shopping, and entertainment destinations in walking distance of the property, while being a short commute to major employment centers such as Downtown Los Angeles. 4069-83 S Broadway offers tenants excellent proximity to some of Los Angeles' finest amenities such as USC, the Natural History Museum, the Coliseum, and others. Nearby grocers include Ralph's, Trader Joe's, and Smart & Final. Local dining options include Chick-fil-A, Subway, Roscoe's Chicken and Waffles, Tam's Burgers and more.

Listed by Chandler Rockwell | BRE #02080782 | Fred Leeds Asset Group Inc.
Last checked: 6 minutes ago | Last updated: January 23rd, 2024 | Source CRMLS | DOM: 135
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Home details

Lot Sq. Ft
7,402
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24350877
City
Los Angeles
County
Los Angeles
Time on Site
101 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 36
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $3,424
  • Pro Forma/Market Rent: $4,950
Unit Breakdown 2
  • # of Units: 33
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $873
  • Pro Forma/Market Rent: $44,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.34%
  • Gross Rent Multiplier: 11.16
  • Gross Scheduled Income: --
  • Net Operating Income: $230,828
  • Gross Operating Income: $394,507
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4083 S Broadway

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Multi/Split
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 36
  • Parcel Number: 5111004012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 4069-83 S. Broadway Los Angeles, CA 90037
View more facts & features

Local Los Angeles Agent

Sale History for 4083 S Broadway

Last sold on October 11th, 2007

  • December, 2023

  • Dec 1, 2023

    Date

    Active

    CRMLS: 24350877

    $4,320,000

    Price

  • October, 2007

  • Oct 11, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4083 S Broadway

Assessed Value (2020): $721,818
Year Land Value Improved Value Assessed Value
2020 $287,044 $434,774 $721,818

Home Value Compared to the Market

This property vs the competition

4083 S Broadway is listed 252.65% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $235.22 per/sqft which puts the price per square foot 69.61% lower than the median price per square foot for the city of Los Angeles.

About 4083 S Broadway

Detailed summary of property

4083 S Broadway is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 3 bedrooms, 36 bathrooms, roughly 18,366 living square feet, and sits on an approximately 7,402 square foot lot. 4083 S Broadway was first listed on ArdentRealEstateGroup.com on January 23, 2024. The homeowner is currently asking $4,320,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 252.65% higher than the median priced home. Local competing homes currently for sale include 1050 S Park View St, 2176 S Venice Blvd and 1819 S Gramercy Pl. While the average home in Los Angeles, CA is selling in 96 days, 4083 S Broadway has a days on market of 135 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 4083 S Broadway Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4083 S Broadway

Public county record property details
Beds
--
Baths
12
Year built
1922
Sq. Ft.
6,008
Lot Size
7,400
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
98
APN
5111-004-012

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
33
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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