7111 S Broadway,Los Angeles, CA 90003
Los Angeles, CA 90003
Description
This fully renovated mixed-use investment property offers strong cash flow and a turnkey opportunity for investors. Undergoing a complete transformation from 2019 to 2022, with $750,000 in upgrades, every major system has been modernized to ensure long-term value and minimal maintenance. Extensive improvements include a fully replaced plumbing system, new electrical panels with complete rewiring for both residential and commercial spaces, and main sewer lines replaced from the street to the units. The interior features all-new drywall throughout, along with new tankless water heaters and two brand-new roofs. The exterior has been enhanced with new stucco, windows, gutters, and freshly poured concrete in the back area. Residential units include: 3 bedroom 2 bath, 2 bed 1 bath, a studio and a bonus un-permitted studio. Each unit has washer and dryer inside. All three residential apartments have been fully remodeled, as well as the three commercial units, with one space divided into two separate units. The property generates strong rental income and with significant upgrades already completed, this property is a rare opportunity for investors seeking a high-income, low-maintenance asset.
Details
| MLS# | PW25046864 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1902 |
| Days On Site | 43 |
| Listing Provided By | Home Smart Realty Group 562-912-7770 | Shannon Daniele |
Features
| SQ Feet | 4,745 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | LAC2 |
| Acreage | 0.11 |
| Property View | None |
Market Activity 90003
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90003) | |
Price: $1,800,000 low | high Med: $699,000 SqFt: 4,745 low | high Med: 884 $ / SqFt: $379 low | high Med: $791 On site: 43 low | high Med: 37.000000 | |