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5501 S Broadway, Los Angeles, CA 90037
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5501 S Broadway Los Angeles, CA 90037

$975,000 Sold Price as of 06/30/2021
  • -- Beds
  • -- Baths
  • 4,950 Sq.Ft.
Sold
$975,000 Sold Price as of 06/30/2021 Refinance Your Mortgage
Map preview of 5501 S Broadway, Los Angeles, CA 90037

Property Overview: 5501 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, 4,950 living square feet and 4,607 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 6.84 CAP RATE GREAT INVESTMENT OPPORTUNITY MIX-USED BUILDING WITH LOW MAINTENANCE PERFECT INVESTMENT STABLE INCOME WITH 4 EXCELLENT TENANTS IN PLACE. ALL TENANTS CURRENTLY ARE PAYING THEIR RENT ON TIME. TWO COMMERCIAL STORE FIRST FLOOR AND TWO BEAUTIFIL LARGE APARTMENTS TOTALLY UPGRATED WITH 4 BEDROOMS AND 2 BATHROOMS. EACH APARTMENT HAS AND EXCELLENT FLOOR PLANS AS WELL AS DINING AND KITCHEN AREA. ONE ASSIGNED PARKING FOR EACH TENANTS. GREAT FRONTAGE CORNER LOT PROPERTY WITH HEAVY PEDESTRIAN TRAFFIC IN ONE OF THE BUSIEST AREA IN LOS ANGELES, CONVENIENT LOCATION CLOSE TO 110 FREEWAY AND NEAR PUBLIC TRANSPORTATION, SCHOOLS, SHOPPING CENTERS AND SHORT DISTANCE TO LA MEMORIAL COLISEUM, DOWNTOWN LOS ANGELES, LAX AIRPORT AND UNION STATION COMMUTER RAIL. DON'T MISS THIS OPPORTUNITY TO OWN THIS PROPERTY. HURRY UP. IT WILL NOT LAST LONG. DO NOT CONTACT OR DISTURB TENANTS. CALL LISTING AGENT. THE INVESTMENT BOASTS SPACIOUS FLOOR PLAND, SECURED GATED ENTRY WITH 4 OR 5 ON-SITE PARKING SPACES. EXCELLENT CASH FLOW AND WELL GREAT LOCATION. THIS PROPERTY WILL CONTINUE TO HAVE AN OUSTANDING LOCATION DUE TO THE SLAUSON CORRIDOR DEVELOPMENT CREATED BY THE CITY OF LOS ANGELES. SEE ATTACHED INFORMATION. THE PROPERTY IS SOLD "AS-IS" IN ITS PRESENT PHYSICAL CONDITION AS OF THE DATE OF ACCEPTANCE.

Listed by ALFREDO GUERRA | BRE #01712344 | GEORGE MICHAEL REALTY
Last checked: 16 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
4,607
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
MB21007991
City
Los Angeles
County
Los Angeles
Time on Site
1196 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.84%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5501 S Broadway

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot, Level with Street, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5101037014
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West 54th Street and S. Broadway
View more facts & features

Local Los Angeles Agent

Sale History for 5501 S Broadway

Last sold for $975,000 on June 30th, 2021

  • July, 2021

  • Jul 15, 2021

    Date

    Sold

    CRMLS: MB21007991

    $975,000

    Price

  • Mar 1, 2021

    Date

    Active Under Contract

    CRMLS: MB21007991

    $1,050,000

    Price

  • Feb 5, 2021

    Date

    Active

    CRMLS: MB21007991

    $1,050,000

    Price

  • March, 2021

  • Mar 1, 2021

    Date

    Expired

    CRMLS: MB20183421

    $1,050,000

    Price

  • Jan 25, 2021

    Date

    Active

    CRMLS: MB20183421

    $1,050,000

    Price

  • Jan 5, 2021

    Date

    Sold

    CRMLS: MB20183421

    --

    Price

  • Dec 24, 2020

    Date

    Pending

    CRMLS: MB20183421

    $1,050,000

    Price

  • Nov 30, 2020

    Date

    Active Under Contract

    CRMLS: MB20183421

    $1,050,000

    Price

  • Sep 15, 2020

    Date

    Active

    CRMLS: MB20183421

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    6.84 CAP RATE GREAT INVESTMENT OPPORTUNITY MIX-USED BUILDING WITH LOW MAINTENANCE PERFECT INVESTMENT STABLE INCOME WITH 4 EXCELLENT TENANTS IN PLACE. ALL TENANTS CURRENTLY ARE PAYING THEIR RENT ON TIME. TWO COMMERCIAL STORE FIRST FLOOR AND TWO BEAUTIFIL LARGE APARTMENTS TOTALLY UPGRATED WITH 4 BEDROOMS AND 2 BATHROOMS. EACH APARTMENT HAS AND EXCELLENT FLOOR PLANS AS WELL AS DINING AND KITCHEN AREA. ONE ASSIGNED PARKING FOR EACH TENANTS. GREAT FRONTAGE CORNER LOT PROPERTY WITH HEAVY PEDESTRIAN TRAFFIC IN ONE OF THE BUSIEST AREA IN LOS ANGELES, CONVENIENT LOCATION CLOSE TO 110 FREEWAY AND NEAR PUBLIC TRANSPORTATION, SCHOOLS, SHOPPING CENTERS AND SHORT DISTANCE TO LA MEMORIAL COLISEUM, DOWNTOWN LOS ANGELES, LAX AIRPORT AND UNION STATION COMMUTER RAIL. DON'T MISS THIS OPPORTUNITY TO OWN THIS PROPERTY. HURRY UP. IT WILL NOT LAST LONG. DO NOT CONTACT OR DISTURB TENANTS. CALL LISTING AGENT. THE INVESTMENT BOASTS SPACIOUS FLOOR PLAND, SECURED GATED ENTRY WITH 4 OR 5 ON-SITE PARKING SPACES. EXCELLENT CASH FLOW AND WELL GREAT LOCATION. THIS PROPERTY WILL CONTINUE TO HAVE AN OUSTANDING LOCATION DUE TO THE SLAUSON CORRIDOR DEVELOPMENT CREATED BY THE CITY OF LOS ANGELES. SEE ATTACHED INFORMATION.

  • February, 2021

  • Feb 1, 2021

    Date

    Expired

    CRMLS: MB20182896

    $1,050,000

    Price

  • Jan 21, 2021

    Date

    Active

    CRMLS: MB20182896

    $1,050,000

    Price

  • Dec 24, 2020

    Date

    Pending

    CRMLS: MB20182896

    $1,050,000

    Price

  • Nov 30, 2020

    Date

    Active Under Contract

    CRMLS: MB20182896

    $1,050,000

    Price

  • Sep 3, 2020

    Date

    Active

    CRMLS: MB20182896

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    6.84 CAP RATE GREAT INVESTMENT OPPORTUNITY MIX-USED BUILDING WITH LOW MAINTENANCE PERFECT INVESTMENT STABLE INCOME WITH 4 EXCELLENT TENANTS IN PLACE. ALL TENANTS CURRENTLY ARE PAYING THEIR RENT ON TIME. TWO COMMERCIAL STORE FIRST FLOOR AND TWO BEAUTIFIL LARGE APARTMENTS TOTALLY UPGRATED WITH 4 BEDROOMS AND 2 BATHROOMS. EACH APARTMENT HAS AND EXCELLENT FLOOR PLANS AS WELL AS DINING AND KITCHEN AREA. ONE ASSIGNED PARKING FOR EACH TENANTS. GREAT FRONTAGE CORNER LOT PROPERTY WITH HEAVY PEDESTRIAN TRAFFIC IN ONE OF THE BUSIEST AREA IN LOS ANGELES, CONVENIENT LOCATION CLOSE TO 110 FREEWAY AND NEAR PUBLIC TRANSPORTATION, SCHOOLS, SHOPPING CENTERS AND SHORT DISTANCE TO LA MEMORIAL COLISEUM, DOWNTOWN LOS ANGELES, LAX AIRPORT AND UNION STATION COMMUTER RAIL. DON'T MISS THIS OPPORTUNITY TO OWN THIS PROPERTY. HURRY UP. IT WILL NOT LAST LONG. DO NOT CONTACT OR DISTURB TENANTS. CALL LISTING AGENT. THE INVESTMENT BOASTS SPACIOUS FLOOR PLAND, SECURED GATED ENTRY WITH 4 OR 5 ON-SITE PARKING SPACES. EXCELLENT CASH FLOW AND WELL GREAT LOCATION. THIS PROPERTY WILL CONTINUE TO HAVE AN OUSTANDING LOCATION DUE TO THE SLAUSON CORRIDOR DEVELOPMENT CREATED BY THE CITY OF LOS ANGELES. SEE ATTACHED INFORMATION.

  • October, 2020

  • Oct 1, 2020

    Date

    Expired

    CRMLS: MB20008783

    $1,050,000

    Price

  • Sep 3, 2020

    Date

    Withdrawn

    CRMLS: MB20008783

    $1,050,000

    Price

  • Sep 3, 2020

    Date

    Active

    CRMLS: MB20008783

    $1,050,000

    Price

  • Jul 3, 2020

    Date

    Withdrawn

    CRMLS: MB20008783

    $1,050,000

    Price

  • Jun 5, 2020

    Date

    Price Change

    CRMLS: MB20008783

    $1,050,000

    Price

  • Jan 14, 2020

    Date

    Active

    CRMLS: MB20008783

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    6.84 CAP RATE GREAT INVESTMENT OPPORTUNITY MIX-USED BUILDING WITH LOW MAINTENANCE PERFECT INVESTMENT STABLE INCOME WITH 4 EXCELLENT TENANTS IN PLACE. ALL TENANTS CURRENTLY ARE PAYING THEIR RENT ON TIME. TWO COMMERCIAL STORE FIRST FLOOR AND TWO BEAUTIFIL LARGE APARTMENTS TOTALLY UPGRATED WITH 4 BEDROOMS AND 2 BATHROOMS. EACH APARTMENT HAS AND EXCELLENT FLOOR PLANS AS WELL AS DINING AND KITCHEN AREA. ONE ASSIGNED PARKING FOR EACH TENANTS. GREAT FRONTAGE CORNER LOT PROPERTY WITH HEAVY PEDESTRIAN TRAFFIC IN ONE OF THE BUSIEST AREA IN LOS ANGELES, CONVENIENT LOCATION CLOSE TO 110 FREEWAY AND NEAR PUBLIC TRANSPORTATION, SCHOOLS, SHOPPING CENTERS AND SHORT DISTANCE TO LA MEMORIAL COLISEUM, DOWNTOWN LOS ANGELES, LAX AIRPORT AND UNION STATION COMMUTER RAIL. DON'T MISS THIS OPPORTUNITY TO OWN THIS PROPERTY. HURRY UP. IT WILL NOT LAST LONG. DO NOT CONTACT OR DISTURB TENANTS. CALL LISTING AGENT. THE INVESTMENT BOASTS SPACIOUS FLOOR PLAND, SECURED GATED ENTRY WITH 4 OR 5 ON-SITE PARKING SPACES. THIS WONDERFUL INVESTMENT IS A CURRENT STABILIZED 6.84% CAP RATE. EXCELLENT CASH FLOW AND WELL GREAT LOCATION.

  • September, 2020

  • Sep 27, 2020

    Date

    Expired

    CRMLS: MB20019922

    $1,050,000

    Price

  • Jul 3, 2020

    Date

    Withdrawn

    CRMLS: MB20019922

    $1,050,000

    Price

  • Jun 5, 2020

    Date

    Price Change

    CRMLS: MB20019922

    $1,050,000

    Price

  • Jan 29, 2020

    Date

    Active

    CRMLS: MB20019922

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    6.84 CAP RATE GREAT INVESTMENT OPPORTUNITY MIX-USED BUILDING WITH LOW MAINTENANCE PERFECT INVESTMENT STABLE INCOME WITH 4 EXCELLENT TENANTS IN PLACE. ALL TENANTS CURRENTLY ARE PAYING THEIR RENT ON TIME. TWO COMMERCIAL STORE FIRST FLOOR AND TWO BEAUTIFIL LARGE APARTMENTS TOTALLY UPGRATED WITH 4 BEDROOMS AND 2 BATHROOMS. EACH APARTMENT HAS AND EXCELLENT FLOOR PLANS AS WELL AS DINING AND KITCHEN AREA. ONE ASSIGNED PARKING FOR EACH TENANTS. GREAT FRONTAGE CORNER LOT PROPERTY WITH HEAVY PEDESTRIAN TRAFFIC IN ONE OF THE BUSIEST AREA IN LOS ANGELES, CONVENIENT LOCATION CLOSE TO 110 FREEWAY AND NEAR PUBLIC TRANSPORTATION, SCHOOLS, SHOPPING CENTERS AND SHORT DISTANCE TO LA MEMORIAL COLISEUM, DOWNTOWN LOS ANGELES, LAX AIRPORT AND UNION STATION COMMUTER RAIL. DON'T MISS THIS OPPORTUNITY TO OWN THIS PROPERTY. HURRY UP. IT WILL NOT LAST LONG. DO NOT CONTACT OR DISTURB TENANTS. CALL LISTING AGENT. THE INVESTMENT BOASTS SPACIOUS FLOOR PLAND, SECURED GATED ENTRY WITH 4 OR 5 ON-SITE PARKING SPACES. THIS WONDERFUL INVESTMENT IS A CURRENT STABILIZED 6.84% CAP RATE. EXCELLENT CASH FLOW AND WELL GREAT LOCATION.

  • May, 2017

  • May 25, 2017

    Date

    Sold (Public Records)

    Public Records

    $839,500

    Price

  • August, 2014

  • Aug 13, 2014

    Date

    Sold (Public Records)

    Public Records

    $565,000

    Price

Show More

Tax History for 5501 S Broadway

Assessed Value (2020): $890,883
Year Land Value Improved Value Assessed Value
2020 $530,604 $360,279 $890,883

Home Value Compared to the Market

This property vs the competition

5501 S Broadway sold on June 30, 2021 for 11.76% 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 $212.12 per/sqft which puts the price per square foot 71.9% lower than the current median sale per square foot for the city of Los Angeles.

About 5501 S Broadway

Detailed summary of property

5501 S Broadway is a mixed use that recently sold in Los Angeles, CA 90037. This mixed use property offered -- bedrooms, -- bathrooms, roughly 4,950 living square feet, and sits on an approximately 4,607 square foot lot. 5501 S Broadway was first listed on ArdentRealEstateGroup.com on February 5, 2021. The homeowner sold the property for $975,000. 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 11.76% lower than the current median priced home. Local homes that are currently for sale include 1977 W 48th St, 1118 Firestone Blvd and 2050 W Florence Ave. While the average home in Los Angeles, CA is selling in 94 days, 5501 S Broadway has a days on market of 18 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 5501 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 5501 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1905
Sq. Ft.
4,950
Lot Size
4,607
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
5101-037-014

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
$749,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
32
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%)

Thinking of Selling?

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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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