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Request Info$1,399,000
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9124 S Broadway Overview
- Time on Site:
- 21 days
- Visits:
- 1
9124 South Broadway is an eight-unit apartment building in South Los Angeles. This is an excellent acquisition opportunity for an investor looking for immediate upside potential: five units are ready for a new owner to lease at market rates. Furthermore, there may be potential to develop 8-10 ADUs, doubling the asset’s unit count and majorly boosting cash flow potential (buyer to verify). 9124 South Broadway Avenue is a 1941 construction asset on a corner lot with ample surface parking. The two-story building features a mix of four two-bed/one-bath and four one-bed/one-bath units. The units are separately metered for gas and electricity; new meters were installed as part of a full property renovation in 2008. Since then, interiors have been upgraded as units turned. This asset is located one block east of the 110 Freeway in South Los Angeles. Convenient freeway and public transit proximity offers tenants easy access to Downtown Los Angeles, USC, and other attractions. The area is a dense rental submarket with consistent demand. Two blocks south of the subject property, a city-owned lot is the proposed site of a 180-unit mixed use project that would also include a full-sized grocery store.
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9124 S Broadway Facts & Features
- Type Multi-Family
- Sq. ft. 5,144
- Price/Sq.ft. $272
- Lot 0.19 Acres
Details
General
Association/HOA
- Common Interest: None
Income/Expenses
- Gross Income: 167787.0
- Gross Scheduled Income: 167787.0
- Net Operating Income: 109686.0
- Operating Expense: 53067.0
Building Information
- New Construction: No
- Year Built: 1941
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: C37 - Metropolitan South
- Postal City: LOS ANGELES
Community/Development
- Community Features: Urban
Rent/Lease Information
- Land Lease: No
General Information
- Listing Terms: Cash,Cash to New Loan
- Parcel Number: 6040036014
- Property Sub Type: Mixed Use
- Property Type: Residential Income
- Rent Control: Yes
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage: No
Building Interior
- Building Area Total: 5144.0
- Building Area Units: Square Feet
General Information
- Common Walls: No Common Walls
- Entry Level: 1
- Entry Location: 1
- Laundry Features: None
- Stories Total: 2
Exterior
Lot Information
- Additional Parcels: No
- Lot Features: Corner Lot
- Lot Size Acres: 0.1869
- Lot Size Area: 8142.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 8142.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 0
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: No
General Information
- Number Of Units Total: 8
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
9124 S Broadway Neighborhood
Community
90003 (Los Angeles) Demographics
29
Median Age
20,870
Population Density (per sq. mile)
10%
College Educated
$42,220
Estimated Median Income
4,717
Estimated Total Home Owners
12,825
Estimated Total Renters
27% / 73%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.9124 S Broadway Monthly Cost
9124 S Broadway Market Data
Based on the last 30 days in this zip code
$629,258
Average List Price
$499
Average Price per Square Foot
19
Properties Sold
133
Average Days on Market
145
Properties for Sale
9124 S Broadway History
| Date | Value | Agent |
|---|---|---|
| 6/8/2026Source: CRMLS | June 08, 2026 |
Listing provided courtesy of Steven M. Bogoyevac, BrokerSteven Bogoyevac- MLS# PW26124229
Contact Information: 562-436-5800
Contact Information: 562-436-5800