10721 S Broadway, Los Angeles, CA 90061
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10721 S Broadway Los Angeles, CA 90061

$2,300,000
  • -- Beds
  • -- Baths
  • 4,757 Sq.Ft.
For Sale
$2,300,000 Get Pre-Qualified

Map preview of 10721 S Broadway, Los Angeles, CA 90061

Property Overview: 10721 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, 4,757 living square feet and 12,612 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Unique investment opportunity for a 20 room motel! Repurpose the property for emergency shelter for the unhoused, convert the property for permanent supportive affordable housing, or redevelop the property to take advantage of the superior zoning or the new ED-1 incentives. The property is a closed motel with 20 rooms and a management office. The total building area is 4,757 Sq. Ft. on a 12,612 Sq. Ft. lot zoned LAC2. The property is located on the North West corner at the intersection of West 108th St. and Broadway near the 110 Freeway. The property is also accessible by an alley. Please note that the Motel is closed and completely fenced off. Do not walk on property, drive by only!

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 5 minutes ago | Last updated: May 9th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
12,612
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Other
Status
Active
MLS#
24380891
City
Los Angeles
County
Los Angeles
Time on Site
22 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 10721 S Broadway

Interior Features
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 25
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 20
  • Parcel Number: 6074012019
Location / Neighborhood
Location Information
  • Directions: From Downtown Los Angeles head South on the 110 Freeway and exit Century Blvd. Head towards Broadway and the property is on the North West corner of the intersection of Broadway and W 108th St. For specific directions please use Google Maps.
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Sale History for 10721 S Broadway

Last sold for $1,900,000 on July 17th, 2018
  • April, 2024

  • Apr 16, 2024

    Date

    Active

    CRMLS: 24380891

    $2,400,000

    Price

  • July, 2018

  • Jul 17, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,900,000

    Price

  • June, 2018

  • Jun 19, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 10721 S Broadway

Assessed Value (2020): $1,938,000
Year Land Value Improved Value Assessed Value
2020 $1,326,000 $612,000 $1,938,000

Home Value Compared to the Market

This property vs the competition

10721 S Broadway is listed 86.23% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $483.5 per/sqft which puts the price per square foot 37.53% lower than the median price per square foot for the city of Los Angeles.

About 10721 S Broadway

Detailed summary of property

10721 S Broadway is a other located in Los Angeles, CA 90061 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 4,757 living square feet, and sits on an approximately 12,612 square foot lot. 10721 S Broadway was first listed on ArdentRealEstateGroup.com on April 17, 2024. The homeowner is currently asking $2,300,000 and was originally asking $2,400,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 86.23% higher than the median priced home. Local competing homes currently for sale include 3408 Trinity St, 4916 Crenshaw Blvd and 1161 E 12th St. While the average home in Los Angeles, CA is selling in 94 days, 10721 S Broadway has a days on market of 23 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 10721 S Broadway Los Angeles, CA 90061 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10721 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
4,757
Lot Size
12,611
Stories
1
Type
Hotel
Pool
No
Spa
No
County
Los Angeles
Lot#
581,582
APN
6074-012-019

The source for these homes facts are from public records.

90061 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$598,000
Median List Price/Sq.Ft.
$527
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$531
Total Inventory
27
Median Sale to List Price %
110.09%
Avg Days on Market
39
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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.