RE/Max Commercial & Investment Realty is pleased to present 42nd and Broadway. This is a bank-owned, mixed-use property, comprised of 8 apartments (includes 1 non-conforming unit), one street commercial unit and a separate parcel used as a parking lot. The property is occupied by a church in the commercial space and long term tenants in the apartments. There is an on-site separate laundry room adjacent to two-car garages. The property is being offered at 5.91 GRM and 10.03% Cap Rate on actual numbers! Buyer and agents to verify the legal unit mix and number of units. Seller nor agent make no representations or warranties as to the legal and conforming uses and unit mix. 42nd and Broadway is approximately one mile away from USC and only a 5 minute drive to LA Live and Downtown LA.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
