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7417 S Broadway, Los Angeles, CA 90003
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7417 S Broadway Los Angeles, CA 90003

$1,500,000 Sold Price as of 12/20/2023
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$1,500,000 Sold Price as of 12/20/2023 Refinance Your Mortgage
Map preview of 7417 S Broadway, Los Angeles, CA 90003

Property Overview: 7417 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 12,505 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Double lot, 7417-7421 S Broadway totaling 12,505 square foot lot located in South LA, zoned as C2-1VL. Proposed plans for a 39-unit multifamily development have been submitted to the city and are Ready-to-issue (RTI). The unit mix consists of mainly one-bedroom units, two-story building above grade parking, separate utility meters for each unit, plenty of parking, and other amenities. The buyer will have the opportunity to replace some or all of the existing parking spaces with ADUs per the building code, which would allow for up to 9 additional ADU units (buyer to verify with the City). This will significantly boost the annual cash flow. Broker/Agent/Seller does not guarantee the accuracy of square footage, lot size, zoning, rent control, permits, use code, schools, and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals.

Listed by Behnam Ghodsian | BRE #02050344 | Keller Williams Beverly Hills
Co-listed by Farhoud Bastanfar | BRE #01738433 | Keller Williams Realty Westside
Last checked: 2 minutes ago | Last updated: December 21st, 2023 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft
12,505
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
23311051
City
Los Angeles
County
Los Angeles
Time on Site
236 days

Property Details for 7417 S Broadway

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Other
Property Information
  • No View
  • View: None
  • Parcel Number: 6031009019
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: On Broadway, 2 blocks south of Florence
View more facts & features

Local Los Angeles Agent

Sale History for 7417 S Broadway

Last sold for $1,500,000 on December 20th, 2023

  • December, 2023

  • Dec 20, 2023

    Date

    Sold

    CRMLS: 23311051

    $1,500,000

    Price

  • Sep 13, 2023

    Date

    Active

    CRMLS: 23311051

    $1,926,000

    Price

  • August, 2019

  • Aug 1, 2019

    Date

    Expired

    CRMLS: 19448810

    $1,390,000

    Price

  • Jul 15, 2019

    Date

    Withdrawn

    CRMLS: 19448810

    $1,390,000

    Price

  • Apr 23, 2019

    Date

    Price Change

    CRMLS: 19448810

    $1,390,000

    Price

  • Mar 28, 2019

    Date

    Active

    CRMLS: 19448810

    $1,584,000

    Price

  • Listing provided courtesy of CRMLS

    *Price Reduced by $194,000. New Price is $1,390,000. Submit All Offers as the Seller is Motivated.* The Broadway development site is a 33-unit development site that will be delivered with approved and permit ready plans (RTI) at the close of escrow. The site is situated on two street-to-alley lots that are combined to 12,505.9 square feet and zoned C2-1VL and in the city of Los Angeles Transit Oriented Communities (TOC) Tier 2. The existing structure is commercial with no residential tenants to relocate. The property can be delivered vacant to a new owner in 30 to 60 days. The plans are estimated to be approved in March of 2019. Per the plans, the proposed structure is three stories of Type V construction over one level of on-grade parking for 34 vehicles. The courtyard configured apartment building will feature three low income (ELI) units and thirty market rate units.

  • March, 2018

  • Mar 23, 2018

    Date

    Sold (Public Records)

    Public Records

    $950,000

    Price

  • June, 2016

  • Jun 21, 2016

    Date

    Sold (Public Records)

    Public Records

    $780,000

    Price

Show More

Tax History for 7417 S Broadway

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $364,140 -- --

Home Value Compared to the Market

This property vs the competition

7417 S Broadway sold on December 20, 2023 for 61.85% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 7417 S Broadway

Detailed summary of property

7417 S Broadway is a land that recently sold in Los Angeles, CA 90003. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 12,505 square foot lot. 7417 S Broadway was first listed on ArdentRealEstateGroup.com on September 13, 2023. The homeowner sold the property for $1,500,000. 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 61.85% higher than the current median priced home. Local homes that are currently for sale include 4120 W Jefferson Blvd, 820 S Lake St and 4529 Don Ricardo Dr. While the average home in Los Angeles, CA is selling in 94 days, 7417 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 7417 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 7417 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
6,250
Stories
--
Type
Parking Lot
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
6031-009-019

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
$580,000
Median List Price/Sq.Ft.
$580
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
38
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%)

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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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