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10012 S Broadway, Los Angeles, CA 90003
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10012 S Broadway Los Angeles, CA 90003

$1,100,000 Sold Price as of 08/04/2021
  • 10 Beds
  • 6 Baths
  • 3,218 Sq.Ft.
Sold
$1,100,000 Sold Price as of 08/04/2021 Refinance Your Mortgage
Map preview of 10012 S Broadway, Los Angeles, CA 90003

Property Overview: 10012 S Broadway Los Angeles, CA has 10 bedrooms, 6 bathrooms, 3,218 living square feet and 6,299 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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 six 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

Listed by Jorge Lopez | BRE #01919114 | Nationwide Mortgage & Real Estate Advisors
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
6,299
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
DW21100662
City
Los Angeles
County
Los Angeles
Time on Site
1092 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Leased Units: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,000
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,000
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,000
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,000
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,400
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,400
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 9.14%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $129,600
  • Net Operating Income: $100,450
  • Gross Operating Income: --
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $29,150
  • Electric: $700
  • Trash: $1,500
  • Insurance: $3,500
  • Maintenance: $1,500
  • Professional Management: $4,500
  • Water/Sewer: $600
  • Other Expenses: $500

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 10012 S Broadway

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • None
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Flat
  • Has Fence
  • Chain Link
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre, Level with Street, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 6053022009
  • Year Built Source: Public Records
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Broadway and Century Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 10012 S Broadway

Last sold for $110,000 on August 4th, 2021

  • August, 2021

  • Aug 5, 2021

    Date

    Sold

    CRMLS: DW21100662

    $1,100,000

    Price

  • Jul 17, 2021

    Date

    Pending

    CRMLS: DW21100662

    $1,099,000

    Price

  • Jul 3, 2021

    Date

    Hold

    CRMLS: DW21100662

    $1,099,000

    Price

  • May 12, 2021

    Date

    Active

    CRMLS: DW21100662

    $1,099,000

    Price

  • August, 2021

  • Aug 5, 2021

    Date

    Sold

    CRMLS: DW21100818

    $110,000

    Price

  • Jul 17, 2021

    Date

    Pending

    CRMLS: DW21100818

    $1,099,000

    Price

  • Jul 3, 2021

    Date

    Hold

    CRMLS: DW21100818

    $1,099,000

    Price

  • May 12, 2021

    Date

    Active

    CRMLS: DW21100818

    $1,099,000

    Price

  • Listing provided courtesy of CRMLS

    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 six 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

  • July, 2020

  • Jul 16, 2020

    Date

    Expired

    CRMLS: DW20104426

    $825,000

    Price

  • Jun 22, 2020

    Date

    Withdrawn

    CRMLS: DW20104426

    $825,000

    Price

  • Jun 18, 2020

    Date

    Active

    CRMLS: DW20104426

    $825,000

    Price

  • Jun 1, 2020

    Date

    Coming Soon

    CRMLS: DW20104426

    $825,000

    Price

  • Listing provided courtesy of CRMLS

    Coming soon 6 units Los Angeles. Front Building is (2) One bedroom, one bathroom units that have been renovated. Back building is two stories with (4) 2bedroom, 1 bathroom units.

  • February, 2020

  • Feb 1, 2020

    Date

    Expired

    CRMLS: DW19279188

    $935,000

    Price

  • Jan 22, 2020

    Date

    Withdrawn

    CRMLS: DW19279188

    $935,000

    Price

  • Jan 2, 2020

    Date

    Hold

    CRMLS: DW19279188

    $935,000

    Price

  • Dec 11, 2019

    Date

    Active

    CRMLS: DW19279188

    $935,000

    Price

  • Listing provided courtesy of CRMLS

    Investor Special! 4 units that are 2bedroom/1bath each, 2 units that are 1 bedroom/1Bath. Total of 6 units. Front building being used as two units 1bed/1bath each. Back Building is two story with 4 units. One car garage located in the back. Property has street parking and alley access. Close to 110fwy and 105fwy.

  • September, 2019

  • Sep 13, 2019

    Date

    Sold (Public Records)

    Public Records

    $375,000

    Price

  • August, 1999

  • Aug 16, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 10012 S Broadway

Assessed Value (2020): $420,000
Year Land Value Improved Value Assessed Value
2020 $350,000 $70,000 $420,000

Home Value Compared to the Market

This property vs the competition

10012 S Broadway sold on August 4, 2021 for 7.65% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $341.52 per/sqft which puts the price per square foot 54.77% lower than the current median sale per square foot for the city of Los Angeles.

About 10012 S Broadway

Detailed summary of property

10012 S Broadway is a mixed use that recently sold in Los Angeles, CA 90003. This mixed use property offered 10 bedrooms, 6 bathrooms, roughly 3,218 living square feet, and sits on an approximately 6,299 square foot lot. 10012 S Broadway was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,100,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.65% lower than the current median priced home. Local homes that are currently for sale include 1749 E 69th St, 5314 S Broadway and 2214 W Florence Ave. While the average home in Los Angeles, CA is selling in 94 days, 10012 S Broadway has a days on market of 53 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 10012 S Broadway Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10012 S Broadway

Public county record property details
Beds
8
Baths
4
Year built
1923
Sq. Ft.
3,218
Lot Size
6,298
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
6053-022-009

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
39
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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