3806 S Broadway, Los Angeles, CA 90037
Local realty services provided by:ERA Excel Realty
3806 S Broadway,Los Angeles, CA 90037
$2,200,000
- 24 Beds
- 16 Baths
- 9,616 sq. ft.
- Multi-family
- Active
Listed by:darin spillman
Office:kidder mathews of california, inc.
MLS#:25610569
Source:CRMLS
Price summary
- Price:$2,200,000
- Price per sq. ft.:$228.79
About this home
16-unit multifamily property located just four blocks from Exposition Park and a half-mile from the University of Southern California (USC). The unit mix consists of eight 2-bedroom / 1-bath and eight 1-bedroom / 1-bath apartments, many featuring hardwood floors and individual water heaters. Extensive capital improvements have been completed, including: * 100% copper plumbing * ABS drain lines * Romex electrical wiring and panel upgrades * New roof (2018) * Newer stucco and dual-pane windows. Positioned in one of Los Angeles' most dynamic infill locations, the property is located a few blocks from Exposition Park, the Coliseum, USC Village, and Downtown Los Angeles employment centers. The surrounding neighborhood offers strong rental demand from both students and workforce tenants. Located within a Qualified Opportunity Zone, 3806 S. Broadway also presents potential long-term tax advantages for investors holding the property for 7 to 10 years. Offered at a 6.6% cap rate and 8.4x gross, the asset represents an opportunity to acquire a stabilized, extensively renovated apartment building with strong upside potential in a high-density, supply-constrained Los Angeles submarket.
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Home facts
- Year built:1916
- Listing ID #:25610569
- Added:8 day(s) ago
- Updated:November 01, 2025 at 10:36 AM
Rooms and interior
- Bedrooms:24
- Total bathrooms:16
- Living area:9,616 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1916
- Building area:9,616 sq. ft.
- Lot area:0.19 Acres
Finances and disclosures
- Price:$2,200,000
- Price per sq. ft.:$228.79
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