$2,100,000
-$200,0001909 N Broadway, Los Angeles CA 90031
Multi-Family (16 Units)
Property type
89 days
On market
$276
Price per sqft
N/A
Garage
1915
Year built
8,210 sqft
Lot size
Open Houses
Overview
We are pleased to present 1909 N Broadway, a two-story, 16-unit apartment community located in the heart of Lincoln Heights. Offered for sale for the first time in 47 years, the property presents an opportunity for investors to capture rental upside as units turn over. Built in 1915, the unit mix consists of (2) bachelors, (6) studios, (4) one-bedroom/one-bath units, and (4)...
Listing provided by: Shara Parseghian DRE #01991749 818-292-2692, Marcus & Millichap, Sevak Keshishian DRE #01887505 818-212-2694, Marcus & Millichap
Listing updated: May 26, 2026 at 06:10pm.
Last checked: Jun 14, 2026 at 08:30am
Source: CRMLS #26666077
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 0 | 2 | — | $914 | $1,827 | $2,600 | Unfurnished |
| 6 | 0 | 6 | — | $1,093 | $6,558 | $8,400 | Unfurnished |
| 4 | 1 | 1 | — | $1,186 | $4,743 | $6,800 | Unfurnished |
| 4 | 1 | 2 | — | $1,335 | $5,339 | $7,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 16
Refrigerator: 16
Financial Snapshot
Gross Rent Multiplier
9.5x
List Price / Annual Gross Rent
Cap Rate
5.32%
NOI / List Price
Vacancy Allowance: $6,648
Vacancy Allowance Rate: 3%
Net Operating Income: $111,806
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Refrigerator
Exterior
Stories Total: 2
Levels: Multi Split
Garage and Parking
Parking: None
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 5447022004
Zoning: LAUV(CA)
Community
HOA: No
Senior Community: No