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Listed by Shannon Daniele • Home Smart Realty Group
$ 1,800,000
Est. payment /mo
Active
7111 S Broadway Los Angeles, CA 90003
4,745 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,745 sqft
Price per Sqft $379
MLS Listing ID CRPW25046864
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1902
Lot Size 4,745 Sqft
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Interior
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplace No
Laundry Inside
Exterior
View None
Building
Water Public
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