5501 S Broadway

    Los Angeles (City), CA 90037
    • $1,100,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: MB20019922
    UPDATED: 141 min ago
    $1,100,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,950
      SQFT
    • $222
      $/SQFT
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    Great Investment opportunity Mix-Use building with low maintenance, perfect for Investor or owner occupied with income producing with tenants in place. Building upstairs you will find two large residential apartment with two apartment 4 bedrooms, 2 Bathrooms, dining and kitchen area in each one of the units, and assigned parking. You can live in one of this apartment and get additional income from the apartment next door and the two commercial store located on the first floor. Or be a business owner in one of this store. Great frontage corner lot property with heavy pedestrian traffic in a busy area, convenient location close to 110 freeway and near public transportation, schools, shopping centers and short distance to LA Memorial Coliseum, Downtown Los Angeles, LAX Airport and Union Station Commuter Rail. Don't miss this opportunity to own this property. Hurry bring your buyers. It will not last long. Do not contact or disturb tenants. Call listing Agent. This Mix-Use building qualify for FHA loan 3.5% down payment, as well as conventional loan, cash; and others. The investment boasts spacious floor plans, secured gated entry with 4 or 5 on-site parking spaces. This wonderful investment is a current stabilized 6.75% Cap Rate. Excellent cash flow, and well great location.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-27T00:28:24.423. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

    www.steelecanyonrealty.com/homes/102749021

    5501 S Broadway Los Angeles (City), CA 90037

    • Price: $1,100,000
    • Status: Active
    • Updated: 141 min ago
    • ID#: MB20019922
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,950
    SQFT
    $222
    $/SQFT
    1905
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Great Investment opportunity Mix-Use building with low maintenance, perfect for Investor or owner occupied with income producing with tenants in place. Building upstairs you will find two large residential apartment with two apartment 4 bedrooms, 2 Bathrooms, dining and kitchen area in each one of the units, and assigned parking. You can live in one of this apartment and get additional income from the apartment next door and the two commercial store located on the first floor. Or be a business owner in one of this store. Great frontage corner lot property with heavy pedestrian traffic in a busy area, convenient location close to 110 freeway and near public transportation, schools, shopping centers and short distance to LA Memorial Coliseum, Downtown Los Angeles, LAX Airport and Union Station Commuter Rail. Don't miss this opportunity to own this property. Hurry bring your buyers. It will not last long. Do not contact or disturb tenants. Call listing Agent. This Mix-Use building qualify for FHA loan 3.5% down payment, as well as conventional loan, cash; and others. The investment boasts spacious floor plans, secured gated entry with 4 or 5 on-site parking spaces. This wonderful investment is a current stabilized 6.75% Cap Rate. Excellent cash flow, and well great location.
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Individual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 1500.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 94908.00 Gross Scheduled Income 94908.00 Insurance Expense 3900.00 Land Lease YN No Laundry YN Yes Net Operating Income 74230.00 New Construction YN No New Taxes Expense 10778.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 20678.00 Other Expense 1500.00 Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Expenses 20678.00 Trash Expense 1500.00 Water Sewer Expense 1500.00 Water Source Public Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of Alfredo Guerra of Century 21 George Michael


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-27T00:28:24.423. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

     
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