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7311 S Broadway, Los Angeles, CA 90003
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7311 S Broadway Los Angeles, CA 90003

$730,000 Sold Price as of 04/03/2024
  • 2 Beds
  • 3 Baths
  • 1,483 Sq.Ft.
Sold
$730,000 Sold Price as of 04/03/2024 Refinance Your Mortgage
Map preview of 7311 S Broadway, Los Angeles, CA 90003

Property Overview: 7311 S Broadway Los Angeles, CA has 2 bedrooms, 3 bathrooms, 1,483 living square feet and 6,191 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention Investors and Business Owners! Prime Investment Opportunity! This multi-use property is comprised of commercial restaurant space and residential with a 2bd/1ba. 2 freestanding buildings on large lot. Features separate entrances and backyard with alley access. Prime location near freeways, public transit, schools, and so much more. Ideal for owner/user or developer.

Listed by Lorena Lopez | BRE #01799400 | Century 21 Allstars
Last checked: 5 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 162

Home details

Lot Sq. Ft
6,191
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
DW23083876
City
Los Angeles
County
Los Angeles
Time on Site
471 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,600
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Total Rent: --
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: --

Property Details for 7311 S Broadway

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 3
  • Parcel Number: 6031004019
  • Entry Level: 1
  • Offered With Property: Restaurant Equipment
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Street Florence Ave
View more facts & features

Local Los Angeles Agent

Sale History for 7311 S Broadway

Last sold for $730,000 on April 3rd, 2024

  • April, 2024

  • Apr 3, 2024

    Date

    Sold

    CRMLS: DW23083876

    $730,000

    Price

  • May 15, 2023

    Date

    Active

    CRMLS: DW23083876

    $849,000

    Price

  • April, 1997

  • Apr 23, 1997

    Date

    Sold (Public Records)

    Public Records

    $110,000

    Price

  • September, 1996

  • Sep 4, 1996

    Date

    Sold (Public Records)

    Public Records

    $90,000

    Price

Show More

Tax History for 7311 S Broadway

Assessed Value (2020): $163,792
Year Land Value Improved Value Assessed Value
2020 $128,064 $35,728 $163,792

Home Value Compared to the Market

This property vs the competition

7311 S Broadway sold on April 3, 2024 for 29.02% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $536.08 per/sqft which puts the price per square foot 25.96% lower than the current median sale per square foot for the city of Los Angeles.

About 7311 S Broadway

Detailed summary of property

7311 S Broadway is a mixed use that recently sold in Los Angeles, CA 90003. This mixed use property offered 2 bedrooms, 3 bathrooms, roughly 1,483 living square feet, and sits on an approximately 6,191 square foot lot. 7311 S Broadway was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $730,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 29.02% lower than the current median priced home. Local homes that are currently for sale include 3201 W Florence Ave, 11111 Wilmington Ave and 1942 W Jefferson Blvd. While the average home in Los Angeles, CA is selling in 106 days, 7311 S Broadway has a days on market of 162 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 7311 S Broadway Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7311 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1921
Sq. Ft.
1,483
Lot Size
6,190
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
6031-004-019

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$574
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
47
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

Thinking of Selling?

Image Description
Is this your property?
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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