7700 S Broadway, Los Angeles, CA 90003
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7700 S Broadway Los Angeles, CA 90003

$1,148,888
  • -- Beds
  • -- Baths
  • 3,352 Sq.Ft.
For Sale
$1,148,888 Get Pre-Qualified

Property Overview: 7700 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, 3,352 living square feet and 6,514 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Huge price reduction, 7700 S Broadway, this single-story commercial building features three professional office spaces (one space can be divided in two)and one retail/food service space, making it an ideal investment choice for both personal use or investment. The property is zoned under LAC2 regulations and is strategically situated on the highly visible corner of S Broadway and 77th Street across from the 77th Street Community Police Station. According to the City of LA planning Div. Medical Use is permitted without parking requirement(SEC. 12.14. “C2” COMMERCIAL ZONE-Please check with City of Los Angeles). The office spaces have recently undergone extensive renovations, resulting in a professional appearance suitable for various professional services, including but not limited to attorneys, medical practitioners, accountants, insurance agents, bail bond services, etc. The large back office, which can be split in two offices, has its own 3/4 bathroom and the other two ½ bathrooms serve the rest of the building. Additionally, one office space, positioned at the corner of S Broadway and 77th Street, offers exceptional visibility. Please note that the entire office space is currently occupied by the sellers' owned bail bond business. The retail/food service space faces S Broadway and features a main serving area and two separate prep rooms. It has a door opening to the side yard with access to the back parking area which may be used as a handicap access(check City requirements). Although no active business is currently operating in this space, there is immense potential for the new ventures. Furthermore, the property offers a pleasant outdoor lounge area for relaxation, dining, and coffee breaks. The Property will be delivered vacant upon the successful completion of escrow. Sellers may need about 2 months after COE to move out. Please DO NOT go into the property without appointment with the listing agent.

Listed by Varouj Mirzaians | BRE #01022671 | Remax Optima
Last checked: 2 minutes ago | Last updated: June 20th, 2024 | Source CRMLS | DOM: 7
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Home details

Lot Sq. Ft
6,514
HOA Dues
$0/mo
Year built
1942
Garage
--
Property Type:
Office
Status
Active
MLS#
GD24126914
City
Los Angeles
County
Los Angeles
Time on Site
6 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
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: --

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Property Details for 7700 S Broadway

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Asphalt
  • No Fence
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Level with Street, Rectangular Lot, Level, Near Public Transit, Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 6031017001
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Use your navigating devise
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Sale History for 7700 S Broadway

Last sold for $215,000 on August 13th, 1997
  • June, 2024

  • Jun 20, 2024

    Date

    Active

    CRMLS: GD24126914

    $1,148,888

    Price

  • January, 2023

  • Jan 25, 2023

    Date

    Canceled

    CRMLS: SR22235166

    $1,299,000

    Price

  • Nov 9, 2022

    Date

    Active

    CRMLS: SR22235166

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

    Street level single story commercial space with plenty room to accommodate both offices and a restaurant or deli. Excellent location on a corner lot with signage easily seen from the street. Situated across the street from a police station, the position would be ideal for a Bail Bond or detective office. The building offers several large office spaces with room for multiple work stations and lounge areas, a bathroom with shower for personal use as well as two additional bathrooms for clients and customers, reception area, kitchen and prep area, front counter for restaurant or café, utility room, and additional outdoor seating area. With abundant natural light, ac/heating, and 8 parking spots, this is the perfect location for your business.

  • August, 1997

  • Aug 13, 1997

    Date

    Sold (Public Records)

    Public Records

    $215,000

    Price

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Tax History for 7700 S Broadway

Assessed Value (2020): $313,889
Year Land Value Improved Value Assessed Value
2020 $167,894 $145,995 $313,889

Home Value Compared to the Market

This property vs the competition

7700 S Broadway is listed 8.02% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $342.75 per/sqft which puts the price per square foot 55.95% lower than the median price per square foot for the city of Los Angeles.

About 7700 S Broadway

Detailed summary of property

7700 S Broadway is a office located in Los Angeles, CA 90003 and is currently for sale. This office offers -- bedrooms, -- bathrooms, roughly 3,352 living square feet, and sits on an approximately 6,514 square foot lot. 7700 S Broadway was first listed on ArdentRealEstateGroup.com on June 20, 2024. The homeowner is currently asking $1,148,888. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 8.02% lower than the median priced home. While the average home in Los Angeles, CA is selling in 98 days, 7700 S Broadway has a days on market of 7 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 7700 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 7700 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1942
Sq. Ft.
3,352
Lot Size
6,513
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
183
APN
6031-017-001

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
$575,000
Median List Price/Sq.Ft.
$583
Median Sold Price
$535,000
Median Sold Price/Sq.Ft.
$575
Total Inventory
39
Median Sale to List Price %
101.9%
Avg Days on Market
34
Loan Type
Conventional (0%), FHA (11.11%), VA (11.11%), Cash (44.44%), Other (33.33%)

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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.