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9427 S Broadway, Los Angeles, CA 90003
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9427 S Broadway Los Angeles, CA 90003

$2,234,012 Sold Price as of 01/10/2020
  • 28 Beds
  • 10 Baths
  • 6,800 Sq.Ft.
Sold
$2,234,012 Sold Price as of 01/10/2020 Refinance Your Mortgage
Map preview of 9427 S Broadway, Los Angeles, CA 90003

Property Overview: 9427 S Broadway Los Angeles, CA has 28 bedrooms, 10 bathrooms, 6,800 living square feet and 13,742 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located just east of the 110 Fwy. and north of Century Blvd., 9427 S Broadway presents a noteworthy opportunity to own an apartment in Los Angeles not subject to the city's rent control ordinance. Built in 1989, the building features all 3 & 4 bedrooms units and sits on a high density zoned 13,742 SQFT corner lot. Gated parking is available for each tenant with plenty of extra parking spaces accommodating multiple car households or guest parking. In addition to the property not being subject to L.A. rent control it is also not subject to the L.A. Soft-story Retrofit Program. The stated income is actual and some expenses are estimated.

Listed by Derek Fowler | BRE #01319692 | Re/Max Commercial & Investment
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 98

Home details

Lot Sq. Ft
13,742
HOA Dues
$0/mo
Year built
1989
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB19188377
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,050
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,962
  • Total Rent: $1,962
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $6,800
  • Pro Forma/Market Rent: $7,000
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $3,100
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.01%
  • Gross Rent Multiplier: 13.01
  • Gross Scheduled Income: $183,744
  • Net Operating Income: $119,792
  • Gross Operating Income: $174,557
  • Vacancy Allowance: $9,187
  • Improvements Total: $1,378,361
Annual Expense Breakdown
  • Total Operating Expense: $54,765
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $34,310
  • Trash: $0
  • Insurance: $2,326
  • Maintenance: $2,119
  • Professional Management: $9,187
  • Water/Sewer: $6,185

Property Details for 9427 S Broadway

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Assigned, Concrete, Gated, On Site, Uncovered
Lot Information
  • Lot Features: 0-1 Unit/Acre, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 6053004012
  • Year Built Source: Other
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Located just east of the 110 Fwy. & north of Century Blvd.
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 9427 S Broadway

Last sold for $2,234,500 on January 10th, 2020

  • January, 2020

  • Jan 10, 2020

    Date

    Sold

    CRMLS: SB19188377

    $2,234,012

    Price

  • Dec 23, 2019

    Date

    Pending

    CRMLS: SB19188377

    $2,390,000

    Price

  • Nov 13, 2019

    Date

    Active Under Contract

    CRMLS: SB19188377

    $2,390,000

    Price

  • Oct 8, 2019

    Date

    Price Change

    CRMLS: SB19188377

    $2,390,000

    Price

  • Aug 7, 2019

    Date

    Active

    CRMLS: SB19188377

    $2,495,000

    Price

  • January, 2020

  • Jan 10, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,234,500

    Price

  • August, 2018

  • Aug 5, 2018

    Date

    Expired

    CRMLS: SB18105088

    $2,395,000

    Price

  • May 5, 2018

    Date

    Active

    CRMLS: SB18105088

    $2,395,000

    Price

  • Listing provided courtesy of CRMLS

    Newer 1990's construction- No rent control (proforma Cap Rate 5.8% and GRM 12.4) Excellent unit mix of 3 and 4 bedroom units. Pitched roof, easy to maintain two story walk-up. Gated property with onsite parking. Property is entitled with approval to build 35 units.

  • October, 2013

  • Oct 1, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 9427 S Broadway

Assessed Value (2020): $1,059,242
Year Land Value Improved Value Assessed Value
2020 $448,355 $610,887 $1,059,242

Home Value Compared to the Market

This property vs the competition

9427 S Broadway sold on January 10, 2020 for 113.39% higher 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 $351.47 per/sqft which puts the price per square foot 51.45% lower than the current median sale per square foot for the city of Los Angeles.

About 9427 S Broadway

Detailed summary of property

9427 S Broadway is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 28 bedrooms, 10 bathrooms, roughly 6,800 living square feet, and sits on an approximately 13,742 square foot lot. 9427 S Broadway was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,234,012. 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 113.39% higher than the current median priced home. Local homes that are currently for sale include 618 W 49th St, 136 W 48th St and 10610 Weigand Ave. While the average home in Los Angeles, CA is selling in 106 days, 9427 S Broadway has a days on market of 98 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 9427 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 9427 S Broadway

Public county record property details
Beds
--
Baths
10
Year built
1990
Sq. Ft.
6,800
Lot Size
13,742
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
6053-004-012

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%)

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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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