Views
Address
10012 S Broadway Los Angeles, CA
Price
$ 1,099,000
Property Attributes
  • MLS#DW21100662
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLos Angeles
  • Zip90003
  • StyleMixed Use
  • Year Built1923
  • Taxes$ 13750
  • Price$ 1,099,000
  • Bedrooms10
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size6,299 SqFt
Listing Provided Courtesy Of:
Jorge Lopez with Nationwide Mortgage & Real Estate Advisors.
Data Source:
CRMLS
Property Description

On the hunt for a quality investment opportunity where you can experience excellent income generation? Conveniently set near downtown Los Angeles and a fantastic Section 8 rental opportunity, this apartment complex offers eight units in total, all tastefully remodeled inside and out. Each home showcases two bedrooms, one full bath, and open main living areas, including front-facing units where you’ll have better views of the outdoors. Newly installed dark hardwood-style floors complement the warm color tones throughout, creating a welcoming ambiance for everyone. A series of interior upgrades are on show, including new kitchens, bathrooms, and dual-pane windows. You’ll have lesser worries about repairs and maintenance with the recent replacement of the electrical fixtures and panels, plus tankless water heaters are already installed. Outside, the new asphalt driveway and parking spots are ready for your future tenants' convenience. Plus, its direct street access allows you to come and go seamlessly. All the roofs have also been re-tarred and redone and have newly-installed rain gutters and fascia boards for peace of mind. With its popular LA location near sports and concert venues like the new SoFi Stadium, USC and the Memorial Coliseum, and the Forum, tenants will likely flock to this turn-key complex. Shopping, dining, nightlife, LAX, and more are also within easy reach - a win for you and your tenants. All 6 units are now rented, so grab the opportunity to secure your immediate income as early as now. With its nearly 10% cap rate, you might regret not coming for a tour before this incredible investment property is gone for good! HD Video Tour: http://tinyurl.com/10012broadway

Price History
5/12/2021 Listed $1,099,000

General Features

Cooling None
Heating Wall Furnace
Listing Agent Jorge Lopez - BRE#01919114
Listing Agent State License 01919114
MLS Area 699 - Not Defined
Property Sub Type Additional Mixed Use
Property SubType Mixed Use
Property Type Commercial Sale
Roof Composition, Flat
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Special Listing Conditions Standard
Terms Cash, Cash to New Loan, Conventional
Total Units 6
Virtual Tour https://my.matterport.com/show/?m=2oDUdZYiMM3&mls=1
Virtual Tour https://my.matterport.com/show/?m=2oDUdZYiMM3&mls=1
Water Sewer Expense 600
Zoning Mixed Use

Interior Features

Heating Y/N Yes
Laundry Features None

Exterior Features

Fencing Chain Link
Lot Features 0-1 Unit/Acre, Level, Street Level
Lot Size Acres 0.14
Lot Size Area 6299
Lot Size Source Assessor
Lot Size Square Feet 6299
Lot Size Units Square Feet
Number of Buildings 2
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90003

Price
AVG $780K
$1.1M
Taxes
AVG $7,237
$13,750
Visits
AVG 34
1
Year Built
AVG 1947
1923
Walkscore
AVG 68
65
Data Provided by Walkscore ® not using MLS data