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4401 S Broadway, Los Angeles, CA 90037
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4401 S Broadway Los Angeles, CA 90037

$4,700,000 Sold Price as of 11/17/2021
  • -- Beds
  • -- Baths
  • 29,017 Sq.Ft.
Sold
$4,700,000 Sold Price as of 11/17/2021 Refinance Your Mortgage
Map preview of 4401 S Broadway, Los Angeles, CA 90037

Property Overview: 4401 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, 29,017 living square feet and 33,076 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is a 2-story, multi-tenant (13 Units) mixed-used/Retail building. This 29,017 square foot value-add building sits on a 33,076 square foot lot. This corner lot sits at the busy, high-traffic intersections of Broadway and Vernon (physical address is 4401-4415 S. Broadway Ave. and 318-330 Vernon Avenue). The up-stair space contains 23 individual rooms, 3 storage spaces, 4 restrooms and 2 kitchens. This property sits on 2 lots with separate APN's (5110-003-002 & 5110-003-025) and is accessible from Vernon Avenue, with 40 parking spaces for its tenants and customers. This subject property is zoned QC2-1VL (Qualified General Commercial) that includes retail development and is also part of the Enterprise Zone (Governed by the Community Redevelopment Agency), which permits a wide range of general commercial uses, including the current use. This corner lot property is close to the 110 corridor, Dodger Stadium, The Colosseum, Downtown Los Angeles, The Staples Center, The Forum and The New Sofi Stadium where the Rams and Chargers play.

Listed by James Oronoz | BRE #02056694 | Reliance Real Estate Services
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 91

Home details

Lot Sq. Ft
33,076
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Retail
Status
Sold
MLS#
PW21066112
City
Los Angeles
County
Los Angeles
Time on Site
1146 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Leased Units: 13
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $3,750
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,200
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,500
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,800
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,550
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $900
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,000
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,025
  • Total Rent: --
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,350
  • Total Rent: --
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,000
  • Total Rent: --
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,350
  • Total Rent: --
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,200
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $247,500
  • Net Operating Income: $189,482
  • Gross Operating Income: --
  • Vacancy Allowance: $12,375
Annual Expense Breakdown
  • Total Operating Expense: $58,018
  • Electric: $0
  • Trash: $0
  • Insurance: $12,266
  • Maintenance: $7,063
  • Water/Sewer: $13,200

Property Details for 4401 S Broadway

Interior Features
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Composition, Flat, Rolled/Hot Mop
  • Has Fence
  • Block
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 40
Lot Information
  • Lot Features: Corner Lot, Level with Street, Lot 20000-39999 Sqft, Rectangular Lot, Level, Near Public Transit, No Landscaping, Paved, Value In Land
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Total # of Units: 12
  • Parcel Number: 5110003025
  • Year Built Source: Public Records
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 110 (S) exit Vernon Ave. (E) right hand side on corner of Vernon Ave. and Broadway Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 4401 S Broadway

Last sold for $4,700,000 on November 17th, 2021

  • October, 2021

  • Oct 30, 2021

    Date

    Pending

    CRMLS: PW21066112

    $4,995,000

    Price

  • Jul 4, 2021

    Date

    Active Under Contract

    CRMLS: PW21066112

    $4,995,000

    Price

  • Mar 30, 2021

    Date

    Active

    CRMLS: PW21066112

    $4,995,000

    Price

  • October, 2020

  • Oct 16, 2020

    Date

    Canceled

    CRMLS: PW20077873

    $4,750,000

    Price

  • May 26, 2020

    Date

    Active

    CRMLS: PW20077873

    $4,750,000

    Price

  • May 5, 2020

    Date

    Coming Soon

    CRMLS: PW20077873

    $4,750,000

    Price

  • Listing provided courtesy of CRMLS

    The subject property is a 2-story, multi-tenant mixed-used/Retail building. This 29,017 square foot value-add building sits on a 35,893 square foot lot. This corner lot sits at the busy, high-traffic intersections of Broadway and Vernon (physical address is 4401-4415 S. Broadway Ave. and 318-330 Vernon Avenue). The up-stair space contains 23 individual rooms, 3 storage spaces, 4 restrooms and 2 kitchens. This property sits on 2 lots with separate APN's (5110-003-002 & 5110-003-025) and is accessible from Vernon Avenue, with 46 parking spaces for its tenants and customers. This subject property is zoned QC2-1VL (Qualified General Commercial) that includes retail development and is also part of the Enterprise Zone (Governed by the Community Redevelopment Agency), which permits a wide range of general commercial uses, including the current use. This corner lot property is close to the 110 corridor, Dodger Stadium, The Colosseum, Downtown Los Angeles, The Staples Center, The Forum and The New Sofi Stadium where the Rams and Chargers will play in 2020.

  • August, 2007

  • Aug 22, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 1993

  • Nov 5, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4401 S Broadway

Assessed Value (2020): $787,315
Year Land Value Improved Value Assessed Value
2020 $466,237 $321,078 $787,315

Home Value Compared to the Market

This property vs the competition

4401 S Broadway sold on November 17, 2021 for 319.75% higher 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 $172.14 per/sqft which puts the price per square foot 77.2% lower than the current median sale per square foot for the city of Los Angeles.

About 4401 S Broadway

Detailed summary of property

4401 S Broadway is a retail that recently sold in Los Angeles, CA 90037. This retail property offered -- bedrooms, -- bathrooms, roughly 29,017 living square feet, and sits on an approximately 33,076 square foot lot. 4401 S Broadway was first listed on ArdentRealEstateGroup.com on March 30, 2021. The homeowner sold the property for $4,700,000. 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 319.75% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 92 days, 4401 S Broadway has a days on market of 91 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 4401 S Broadway Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4401 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1921
Sq. Ft.
29,017
Lot Size
26,199
Stories
1
Type
Wholesale Outlet, Discount Store
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5110-003-025

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), 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.

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