7111 S Broadway new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90003
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25046864
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1902
Lot Size 4,743 Sqft
Property Sub-Type Mixed Use
Property 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.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAC2
Interior
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Oven,Refrigerator
Laundry Inside
Exterior
Parking Features On Street
Fence Electric
Pool None
Community Features Urban
View Y/N No
View None
Roof Type Flat
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 6012012044
Security Features Security Gate,Smoke Detector(s)
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange,VA No No Loan
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange,VA No No Loan
Special Listing Condition Notice Of Default