9309 S Broadway, Los Angeles, CA 90003

Mar 6

$490,000 Sales Price

2
Units

960
Sq Ft

9309 S Broadway is a two-unit duplex in the 90003 corridor of South Los Angeles, offered at $490,000. The property consists of two detached single-story buildings on a 3,584 square foot lot, built in 1940, with a combined 960 gross square feet. Both units are one-bedroom, one-bath configurations.

One unit is delivered vacant and recently updated, creating a clean owner-user opportunity. The occupied unit generates $1,045 per month in current rent with room for an immediate 3% increase. Pro forma rents project both units at $1,695, bringing total potential gross income to $3,390 per month. All utilities are separately metered. The property includes on-site parking and is held as fee simple ownership.

At $245,000 per unit and $510.42 per square foot, the entry point is well below comparable multifamily pricing across Los Angeles County. The South Broadway submarket benefits from strong rental demand, freeway proximity, and a walkable neighborhood profile. This deal works best for an owner-occupant looking to live in one unit and collect rent from the other, building equity at a price point that is increasingly rare in central Los Angeles.