9124 S Broadway, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90003
This eight-unit apartment building represents a High-Potential Investment Opportunity with a List Price of $1,399,000—positioned well below the $1,427,979 Fair Market Value by 2%. This valuation gap offers $28,979 in Instant Equity. Featuring a Condition Rating of 3, the asset includes updated electrical and gas meters, with five units ready for immediate market-rate leasing. The potential to develop 8-10 ADUs provides significant long-term upside. This is an ideal acquisition for Buy-and-Hold Investors or Commercial Developers seeking immediate cash flow and density expansion.
Property is move-in ready.
The property underwent a comprehensive renovation in 2008 (approximately 16-18 years ago), which included updated electrical and gas meters. Interiors have been incrementally upgraded as units turned, and the building is described as move-in ready with five units prepared for immediate market-rate leasing.
With five units currently vacant, an investor can immediately lease over half the building at current market rates, bypassing typical rent control limitations on initial lease-up.
The property offers a rare opportunity to potentially double the unit count by adding 8-10 ADUs, providing a massive boost to future cash flow and asset valuation.
The building features separately metered gas and electricity with new meters installed during a 2008 renovation, reducing owner utility expenses and modernization costs.
Built in 1941, the property may require ongoing capital expenditures for maintenance and potential seismic retrofitting common for Los Angeles buildings of this era.
The projected ADU expansion is subject to buyer verification and city approval, which carries regulatory risk and potential delays in achieving the maximum unit density.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 5,144 | 2,864 |
| Lot Size | 8,142 | 7,003 |
| Price | $1.30M | $1.58M |
| Price per sq ft | $253 | $319 |
| Built year | 1941 | 1929 |
| HOA | $0 | $907 |
| Days on market | 44 | 91 |
Jul 3, 2026
$1,299,000
$1,399,000
-7% Price Drop
Initial Listing
Jun 8, 2026
$1,399,000
Initial Listing
Nov 29, 2018
$1,275,000
Public Record
Aug 4, 2009
$775,000
Public Record