Los Angeles, CA 90003 7111 S Broadway
$1,800,000
62 more
Presented By: Shannon Daniele with Home Smart Realty Group; 562-256-5779
Beds • 6
Full/Half Baths • 8 / 1
SQFT • 4,745
Year Built • 1902
Home Details
This fully renovated mixed-use investment property offers strong cash flow and a turnkey opportunity for investors. Undergoing a complete transformation from 2019 to 2022, with $750,000 in upgrades, every major system has been modernized to ensure long-term value and minimal maintenance. Extensive improvements include a fully replaced plumbing system, new electrical panels with complete rewiring for both residential and commercial spaces, and main sewer lines replaced from the street to the units. The interior features all-new drywall throughout, along with new tankless water heaters and two brand-new roofs. The exterior has been enhanced with new stucco, windows, gutters, and freshly poured concrete in the back area. Residential units include: 3 bedroom 2 bath, 2 bed 1 bath, a studio and a bonus un-permitted studio. Each unit has washer and dryer inside. All three residential apartments have been fully remodeled, as well as the three commercial units, with one space divided into two separate units. The property generates strong rental income and with significant upgrades already completed, this property is a rare opportunity for investors seeking a high-income, low-maintenance asset.
Presented By: Shannon Daniele with Home Smart Realty Group; 562-256-5779
Interior Features for 7111 S Broadway
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NNo
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 7111 S Broadway
Additional Parcels Y/NNo
AppliancesGasOven, Refrigerator
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate8.21
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
Construction MaterialsDrywall, Concrete, Stucco
CoolingWallWindowUnits
CountyLos Angeles
Directions110 Freeway and Florence
Electric Expense4800.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income16175.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031, VaNoNoLoan
Lot Size Square Feet4745.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income147715.0
New ConstructionNo
Number Of Units Total6
Operating Expense36680.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofFlat
Security FeaturesSecurityGate, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsNoticeOfDefault
Standard StatusActive
StatusActive
Stories2
Tax Lot64
Taxes$22,500
Tenant PaysElectricity, Gas
Trash Expense200.0
ViewNone
Water Sewer Expense1080.0
Year Built1902
Year Built SourceAssessor
ZoningLAC2
Exterior for 7111 S Broadway
Building Area Total4745.0
Crops Included Y/NNo
FencingElectric
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1089
Lot Size Area4745.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesOnStreet
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking0.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$1,800,000
MLS#PW25046864
List Date
03/12/2025
Property Type
Multi-Family
Phone
(949) 290-7647
