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5724 S Broadway, Los Angeles, CA 90037
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5724 S Broadway Los Angeles, CA 90037

$375,000 Sold Price as of 02/21/2024
  • -- Beds
  • -- Baths
  • 2,939 Sq.Ft.
Sold
$375,000 Sold Price as of 02/21/2024 Refinance Your Mortgage
Map preview of 5724 S Broadway, Los Angeles, CA 90037

Property Overview: 5724 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, 2,939 living square feet and 3,892 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The property consists of one street level "Discount-Market", two one-bedroom one bath apartments and a single two-bedroom unit. The property is separately metered for gas & electricity and has individual hot water heaters for each unit. Current rents are well below market, offering fortuitous buyers approximately 136% upside in rental income. Carrying-out interior renovations and upgrading the exterior facade of the property offers returns rarely seen in current market conditions. Proforma Cap Rate of 10.76%!

Listed by Maurius Jeffery | BRE #01738154 | Marcus & Millichap
Last checked: 17 minutes ago | Last updated: February 26th, 2024 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft
3,892
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Other
Status
Sold
MLS#
23320113
City
Los Angeles
County
Los Angeles
Time on Site
211 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.34%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $22,598
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5724 S Broadway

Interior Features
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5101025030
Location / Neighborhood
Location Information
  • Directions: The property is located on S Broadway one parcel north of 58th street near the major intersection of Slauson Avenue & Broadway.
View more facts & features

Local Los Angeles Agent

Sale History for 5724 S Broadway

Last sold for $375,000 on February 21st, 2024

  • February, 2024

  • Feb 21, 2024

    Date

    Sold

    CRMLS: 23320113

    $375,000

    Price

  • Oct 11, 2023

    Date

    Active

    CRMLS: 23320113

    $520,000

    Price

  • April, 2012

  • Apr 26, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 5724 S Broadway

Assessed Value (2020): $162,972
Year Land Value Improved Value Assessed Value
2020 $65,186 $97,786 $162,972

Home Value Compared to the Market

This property vs the competition

5724 S Broadway sold on February 21, 2024 for 56.3% 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 $176.93 per/sqft which puts the price per square foot 76.57% lower than the current median sale per square foot for the city of Los Angeles.

About 5724 S Broadway

Detailed summary of property

5724 S Broadway is a other that recently sold in Los Angeles, CA 90037. This property offered -- bedrooms, -- bathrooms, roughly 2,939 living square feet, and sits on an approximately 3,892 square foot lot. 5724 S Broadway was first listed on ArdentRealEstateGroup.com on October 11, 2023. The homeowner sold the property for $375,000. 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 56.3% lower than the current median priced home. While the average home in Los Angeles, CA is selling in 94 days, 5724 S Broadway has a days on market of 61 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 5724 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 5724 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1921
Sq. Ft.
2,939
Lot Size
3,892
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
29
APN
5101-025-030

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.
$560
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
33
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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