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523 S Broadway, Los Angeles, CA 90013
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523 S Broadway Los Angeles, CA 90013

$3,950,000
  • -- Beds
  • -- Baths
  • 14,000 Sq.Ft.
For Sale
$3,950,000 Get Pre-Qualified
Map preview of 523 S Broadway, Los Angeles, CA 90013

Property Overview: 523 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, 14,000 living square feet and 7,300 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: 523 S Broadway and 525 S Broadway must be sold together.

Listed by Lala Petrosian | BRE #01456762 | Trust and Estate Realty
Last checked: 14 minutes ago | Last updated: October 6th, 2023 | Source CRMLS | DOM: 199
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Home details

Lot Sq. Ft
7,300
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Other
Status
Active
MLS#
23314759
City
Los Angeles
County
Los Angeles
Time on Site
220 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • 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: --

Open Houses for 523 S Broadway

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Property Details for 523 S Broadway

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • Has Heating
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
Lot Information
  • Lot Size Source: Owner
Property Information
  • Total # of Units: 2
  • Parcel Number: 5149033011
Location / Neighborhood
Location Information
  • Directions: On Broadway between 5th and 6th
View more facts & features

Local Los Angeles Agent

Sale History for 523 S Broadway

Last sold for $1,375,000 on December 30th, 2016

  • September, 2023

  • Sep 18, 2023

    Date

    Active

    CRMLS: 23314759

    $3,950,000

    Price

  • February, 2022

  • Feb 9, 2022

    Date

    Active

    CRMLS: SR22024949

    $6,999,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION!! LOCATION!! LOCATION!!! REDEVELOPMENT OPPORTUNITY ON A HIGH-PROFILE INVESTMENT/COMMERCIAL PROPERTY. 523 – 525 S BROADWAY CONSISTING OF 2 SIDE BY SIDE LOCATIONS APN’S 5149-033-008 AND 5149-033-011 - existing perfume shop and a second vacant unit, occupied by tenants. The building has a total of 7,300 Sq. ft. of floor space **on a 7,469 SqFt Lot**originally built in 1893 and 1903. The area is red hot and highly improved with multiple new commercial property constructions surrounding the area. This well-located property offers convenient access to Chinatown, Downtown L.A., toy district, flower district, arts district, fashion district, Little Tokyo, and near the 5,10,101,110 and 60 freeways.and can be managed efficiently due to their proximity to one another. The building goes across from Broadway to Lindley Pl. There is access to the building from both sides of the street. Excellent investment for investors that are looking for a good source of income. The building can be leased as separate spaces!

  • December, 2016

  • Dec 30, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,375,000

    Price

  • July, 1994

  • Jul 21, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 523 S Broadway

Assessed Value (2020): $1,096,814
Year Land Value Improved Value Assessed Value
2020 $666,129 $430,685 $1,096,814

Home Value Compared to the Market

This property vs the competition

523 S Broadway is listed 222.45% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $282.14 per/sqft which puts the price per square foot 63.55% lower than the median price per square foot for the city of Los Angeles.

About 523 S Broadway

Detailed summary of property

523 S Broadway is a other located in Los Angeles, CA 90013 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 14,000 living square feet, and sits on an approximately 7,300 square foot lot. 523 S Broadway was first listed on ArdentRealEstateGroup.com on September 25, 2023. The homeowner is currently asking $3,950,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 222.45% higher than the median priced home. Local competing homes currently for sale include 5908 Crenshaw Blvd, 1338 W Manchester Ave and 649 W 92nd St. While the average home in Los Angeles, CA is selling in 96 days, 523 S Broadway has a days on market of 199 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 523 S Broadway Los Angeles, CA 90013 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 523 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1903
Sq. Ft.
3,800
Lot Size
3,930
Stories
4
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
A
APN
5149-033-011

The source for these homes facts are from public records.

90013 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$641,000
Median List Price/Sq.Ft.
$775
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$753
Total Inventory
50
Median Sale to List Price %
96.3%
Avg Days on Market
62
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (0%), Other (66.67%)

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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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