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7320 S Broadway, Los Angeles, CA 90003
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7320 S Broadway Los Angeles, CA 90003

$795,000 Sold Price as of 09/09/2022
  • -- Beds
  • -- Baths
  • 2,376 Sq.Ft.
Sold
$795,000 Sold Price as of 09/09/2022 Refinance Your Mortgage
Map preview of 7320 S Broadway, Los Angeles, CA 90003

Property Overview: 7320 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, 2,376 living square feet and 6,240 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to exclusively present for sale a bite-sized deal for either Retail Usage or Redevelopment in South Los Angeles. Currently there are two tenants that are month-to-month (with $3,300/month in income) so the property can be repositioned right away, which will make it attractive to both an Owner-User or Developer. The C2-1VL-CPIO Tier 3 zoning allows up to 29 residential units with no front setback. The current owner has preliminary plans to build a mixed-use project with 24 residential units (the set is available upon request). The property is located a few blocks South from the Broadway & Florence intersection and has easy access to 110 freeway. This opportunity is about 6 miles south of DTLA, about 3 miles south of Banc of California Stadium & LA Memorial Coliseum, and about 5 miles east of SoFi Stadium.

Listed by Dario Svidler | BRE #01884474 | Keller Williams Beverly Hills
Co-listed by Almog Strikowski | BRE #01986816 | Keller Williams Beverly Hills
Last checked: 12 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 59

Home details

Lot Sq. Ft
6,240
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Other
Status
Sold
MLS#
22152847
City
Los Angeles
County
Los Angeles
Time on Site
349 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: --
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 7320 S Broadway

Lot Details / Garage and Parking
Property Information
  • Total # of Units: 3
  • Parcel Number: 6031005005
  • Entry Level: 1
Location / Neighborhood
Location Information
  • Directions: Just off the 110.
View more facts & features

Local Los Angeles Agent

Sale History for 7320 S Broadway

Last sold for $795,000 on September 9th, 2022

  • September, 2022

  • Sep 9, 2022

    Date

    Sold

    CRMLS: 22152847

    $795,000

    Price

  • May 2, 2022

    Date

    Active

    CRMLS: 22152847

    $849,000

    Price

  • February, 2022

  • Feb 15, 2022

    Date

    Active

    CRMLS: 22128005

    $899,000

    Price

  • Listing provided courtesy of CRMLS

    Partners CRE | Compass Commercial are proud to exclusively present for sale a bite-sized deal for either Retail Usage or Redevelopment in South Los Angeles. Currently there are two tenants that are month-to-month (with $3,300/month in income) so the property can be repositioned right away, which will make it attractive to both an Owner-User or Developer. The C2-1VL-CPIO Tier 3 zoning allows up to 29 residential units with no front setback. The current owner has preliminary plans to build a mixed-use project with 24 residential units (the set is available upon request). The property is located a few blocks South from the Broadway & Florence intersection and has easy access to 110 freeway. This opportunity is about 6 miles south of DTLA, about 3 miles south of Banc of California Stadium & LA Memorial Coliseum, and about 5 miles east of SoFi Stadium.

  • May, 2018

  • May 25, 2018

    Date

    Sold

    CRMLS: DW18029352

    $589,000

    Price

  • Mar 13, 2018

    Date

    Active Under Contract

    CRMLS: DW18029352

    $599,000

    Price

  • Feb 16, 2018

    Date

    Active

    CRMLS: DW18029352

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Owner/User Opportunity, Good Visibility, Located in the Heart of Los Angeles. The building offers a total of 3 retail units with their own separate private bathrooms, plus an extra 18 x 20 storage room not counted in the square footage. Each retail unit is approximately 750 sqft. 1 unit is owner occupied the other 2 retail units are on month-to-month, currently paying $1,300 each This Retail Property is located on the East Side of South Broadway just South of the Major Signalized corner of E. Florence Ave. Great for an investor with tenant(s) in mind or an Owner/User who would like to operate their own business out of this excellent high traffic location. Great Accessibility, conveniently located less that 1/4 of a mile from the entrance to the 110 Fwy, and a Short Distance 105 Fwy, 10 Fwy, the L.A. Memorial Coliseum, USC, and Downtown Los Angeles.

  • May, 2018

  • May 25, 2018

    Date

    Sold (Public Records)

    Public Records

    $589,000

    Price

  • January, 2018

  • Jan 17, 2018

    Date

    Expired

    CRMLS: RS17182712

    $650,000

    Price

  • Aug 8, 2017

    Date

    Active

    CRMLS: RS17182712

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT OPPORTUNITY!!!!!!!!!!! COMMERCIAL BULDING FOR SALE, ONLY THE REAL ESTATE, THERE IS THREE BUSINESS IN THIS BUILDING. HEAVY TRAFFIC STREET, LESS THAN TWO BLOCKS FROM FLORENCE AVE AND LESS THAN TWO BLOCKS FROM 110 FWY. REAR ACCESS FOR MORE PARKING, THERE IS ALSO A STORAGE BILDING IN THE BACK.

  • October, 2002

  • Oct 18, 2002

    Date

    Sold (Public Records)

    Public Records

    $280,000

    Price

Show More

Tax History for 7320 S Broadway

Assessed Value (2020): $612,795
Year Land Value Improved Value Assessed Value
2020 $358,938 $253,857 $612,795

Home Value Compared to the Market

This property vs the competition

7320 S Broadway sold on September 9, 2022 for 28.66% 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 $357.32 per/sqft which puts the price per square foot 52.67% lower than the current median sale per square foot for the city of Los Angeles.

About 7320 S Broadway

Detailed summary of property

7320 S Broadway is a other that recently sold in Los Angeles, CA 90003. This property offered -- bedrooms, -- bathrooms, roughly 2,376 living square feet, and sits on an approximately 6,240 square foot lot. 7320 S Broadway was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $795,000. 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 28.66% lower than the current median priced home. Local homes that are currently for sale include 4606 Compton Ave, 1977 W 48th St and 11111 Wilmington Ave. While the average home in Los Angeles, CA is selling in 92 days, 7320 S Broadway has a days on market of 59 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 7320 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 7320 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1922
Sq. Ft.
2,376
Lot Size
6,239
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
32
APN
6031-005-005

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
$598,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

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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