8874 S Broadway Los Angeles, CA 90003

$500,000 Sold Price as of 11/13/2017

-- Beds
-- Baths
2,916 Sq.Ft.

Off Market

$500,000 Sold Price as of 11/13/2017 Refinance Your Mortgage

Map preview of 8874 S Broadway, Los Angeles, CA 90003

Property Overview: 8874 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, 2,916 living square feet and 3,617 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

8874 S Broadway is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 8874 S Broadway

Last sold for $500,000 on November 13th, 2017

August, 2023
Aug 14, 2023

Date

Expired

CRMLS: 22195330

$950,000

Price
Aug 31, 2022

Date

Active

CRMLS: 22195330

$999,999

Price
Listing provided courtesy of CRMLS

The 2,916 square foot Mixed Use 2 story Building built in 1932 is zoned C2 and part of the Southeast LA Community Plan. Southeast Los Angeles has a wealth of opportunities for resurgence and revitalization. The property is in the HUBZone Program and the State Enterprise Zone. The building has a rich history, including (buyer to verify): a beer parlor/dance hall, restaurant, bakery, sporting goods store, Church, and now operates as the Little Portion Social Center. The community center hosts free classes, spoken word events, open mics, workshops, meetings, benefits, art exhibits, after-school programs, events, theatrical performances, maker spaces and library services. The current owner has upgraded the building including adding quality HVAC, a small apartment off the courtyard, built out the 2nd floor with separate entrance and 2 studios, an office, with a kitchen and bathroom.

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August, 2022
Aug 25, 2022

Date

Active

CRMLS: 22193417

$999,999

Price
Listing provided courtesy of CRMLS

Figure 8 Realty presents 8874 S Broadway in South Los Angeles. The 2,916 square foot Mixed Use 2 story Building built in 1932 is zoned C2 and part of the Southeast LA Community Plan. Southeast Los Angeles has a wealth of opportunities for resurgence and revitalization. The property is in the HUBZone Program and the State Enterprise Zone. The building has a rich history, including (buyer to verify): a beer parlor/dance hall, restaurant, bakery, sporting goods store, Church, and now operates as the Little Portion Social Center. The community center hosts free classes, spoken word events, open mics, workshops, meetings, benefits, art exhibits, after-school programs, events, theatrical performances, maker spaces and library services. The current owner has upgraded the building including adding quality HVAC, a small apartment off the courtyard, built out the 2nd floor with separate entrance and 2 studios, an office, with a kitchen and bathroom.

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November, 2017
Nov 14, 2017

Date

Sold

CRMLS: DW17054741

$500,000

Price
Aug 2, 2017

Date

Pending

CRMLS: DW17054741

$499,999

Price
Apr 28, 2017

Date

Active

CRMLS: DW17054741

$499,999

Price
Apr 26, 2017

Date

Hold

CRMLS: DW17054741

$499,999

Price
Mar 17, 2017

Date

Active

CRMLS: DW17054741

$499,999

Price
Listing provided courtesy of CRMLS

Perfect commercial building with mixed use. Lower level being used as a church with two congregation and both on a month to month lease. One side studio being currently being rented and upper 2/1 apartment also being rented and a court yard good for gatherings. New electrical panel and interior paint. This is perfect for existing church that is looking for their own building with passive income or, use the complex on their won. This building has its own private office for pastors, a patio that can be used for gatherings and fun raisers .

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November, 2017
Nov 13, 2017

Date

Sold (Public Records)

Public Records

$500,000

Price
January, 2013
Jan 31, 2013

Date

Sold (Public Records)

Public Records

$330,000

Price

Tax History for 8874 S Broadway

Assessed Value (2020): $520,200

Year	Land Value	Improved Value	Assessed Value
2020	$364,140	$156,060	$520,200

About 8874 S Broadway

Detailed summary of property

8874 S Broadway is categorized with a use code of Commercial/Office/Residential (Mixed Use) in Los Angeles, CA 90003 and last sold on November 13, 2017 for $500,000. This property has -- bedrooms, -- bathrooms, roughly 2,916 living square feet, and sits on an approximately 3,617 square foot lot. Homes 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 55.36% lower than the current median priced home. 8874 S Broadway was last sold on November 13, 2017 for $500,000. Local nearby listings include 9217 Baring Cross St, 413 East 95th St and 519 W 102nd St. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 8874 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 8874 S Broadway

Public county record property details

Beds: --
Baths: --
Year built: 1932
Sq. Ft.: 2,916
Lot Size: 3,617
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 93
APN: 6040-026-017

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

Median Sale to List Price %

103%

Avg Days on Market

Loan Type

Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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(714) 706-1823

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