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ActivePrice Reduced 154 days on market

7511 S Broadway

Los Angeles, CA 90003

$2,526,000

$2,926,000

7511 S Broadway
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+11 more
Beds
Baths
Sq Ft
0.44Acres
1960Built

About This Home

7509–7521 S Broadway presents an opportunity to acquire a high-yielding asset in South Los Angeles at a newly adjusted basis that is difficult to replicate in today’s market. Offered at just $147 per square foot and $157,875 per unit, the property delivers a strong 7.35% cap rate and 7.87 GRM from day one, providing immediate cash flow with clear upside potential. The revised pricing creates a compelling entry point for investors seeking both stability and long-term growth in a market where well-priced deals are getting real traction. Beyond the in-place income, the property offers a clear path to further value creation through the potential addition of ADUs. With SB1211, a buyer can explore the opportunity to add up to eight units by utilizing the existing parking area, significantly increasing both income and overall asset value. Based on conservative assumptions, a fully executed ADU strategy could drive the property to a 5.96 GRM and an 11.36% cap rate. Positioned along the South Broadway corridor, the asset benefits from consistent rental demand, access to major transit routes, and ongoing investment throughout South Los Angeles, supporting both near- term performance and long-term appreciation.

Property Details

Property TypeApartment
Year Built1960
Lot Size0.44 acres
Garage Spaces0
Parking Total20
PoolNo
MLS #1150279196
Days on Market154 days

Location

Listed by

Aaron Jacobson

Lyon Stahl Investment Real Estate, Inc.

MLS# SBJACOAAR

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Based on information from CRMLS. All data is deemed reliable but not guaranteed. Listings marked with the CRMLS icon are provided courtesy of the California Regional MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing.

7511 S Broadway | Los Angeles, CA | Leeper Realty Group