$2,100,000
-$200,0001909 N Broadway, Los Angeles CA 90031
Multi-Family (16 Units)
Property type
79 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 5, 2026 at 09:31pm
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
Nearby Schools
Nearby schools around the 1909 N Broadway, Los Angeles, CA 90031. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,680,000
Total Interest
$2,142,747
Total Payment
$3,822,747
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,956
per month
Property History for 1909 N Broadway
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90031.
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