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Josh Canova

josh.canova@evrealestate.com +1(858) 361-7010

$ 1,800,000

Est. payment -/mo

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New

7111 S Broadway Los Angeles, CA 90003

4,743 Sqft Lot

UPDATED:

03/13/2025 01:47 AM

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

Listed by Shannon Daniele • Home Smart Realty Group • 562-256-5779

Josh Canova

Advisor | License ID: C135485

+1(858) 361-7010

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