7307 S Broadway

7307 S Broadway is a well-positioned seven-unit multifamily property built in 1965 and located in the Florence-Firestone area of South Los Angeles, a densely populated neighborhood characterized by strong demand for affordable housing due to its proximity to employment centers, public transportation, and essential urban amenities. The property comprises approximately 4,469 square feet of rentable space on a 6,183-square-foot lot and offers investors a stable value-add opportunity with potential for increased income through strategic renovations and effective property management. Featuring seven identical one-bedroom, one-bathroom units averaging approximately 640 square feet, the asset appeals to working individuals and small households seeking affordable accommodations, supporting steady occupancy and reduced turnover. Current rental rates are estimated to be roughly 20% below prevailing market levels, providing a clear path for revenue growth through targeted interior improvements such as upgraded kitchens and bathrooms, new flooring, and modern appliances. Based on projected stabilized operations, the property is expected to generate approximately $143,882 in annual gross income, resulting in a projected 6.05% capitalization rate at the asking price of $1.3 million. The site’s LAC2 zoning supports its current multifamily use and offers future flexibility for mixed-use or commercial opportunities, although prospects for ADU development remain limited. The property is reported to be in stable physical condition with no significant deferred maintenance issues, while separately metered gas and electricity help reduce operating expenses, leaving only water service master-metered. Parking is provided through a combination of driveway and street parking, consistent with neighborhood standards and without notable impact on tenant demand. Subject to the Los Angeles Rent Stabilization Ordinance (RSO), all units are leased on a month-to-month basis, creating opportunities for gradual rent adjustments within regulatory guidelines. Overall, 7307 S Broadway presents a dependable multifamily investment with meaningful rent-growth potential, operational efficiencies derived from its uniform unit mix, and long-term value supported by its location in a resilient and underserved South Los Angeles rental market.