7224 S Broadway

    Los Angeles (City), CA 90003
    • $850,000
    • STATUS: Active
    • ON SITE: 70 days
    • ID#: 18338188
    UPDATED: 17 min ago
    $850,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,872
      SQFT
    • $296
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Great investment opportunity for owner user and investor. 3 bed +2 bed detached house in the rear, single unit attached to the rear of the front street stores, and 2 front street stores of approx. 800 sqft per store opening on the Broadway St. The square footage of each of the store not including the single unit occupying the space from the rear of the stores is 1000 sqft per store. There are 3 gas meters, 3 electric meters, and 1 water meter. The City does not consider the detached house as Rent Control. However, please re-confirm the rent control status with the City and verify all the permits and the requirements to comply with the Building & Safety codes. The lease of the two stores on the Broadway St. are month to month. Please call for appointment to see the property.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-19T09:27:19.353. 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.
    www.playavistaliving.com/homes/83402340

    7224 S Broadway Los Angeles (City), CA 90003

    • Price: $850,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: 18338188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,872
    SQFT
    $296
    $/SQFT
    1920
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Great investment opportunity for owner user and investor. 3 bed +2 bed detached house in the rear, single unit attached to the rear of the front street stores, and 2 front street stores of approx. 800 sqft per store opening on the Broadway St. The square footage of each of the store not including the single unit occupying the space from the rear of the stores is 1000 sqft per store. There are 3 gas meters, 3 electric meters, and 1 water meter. The City does not consider the detached house as Rent Control. However, please re-confirm the rent control status with the City and verify all the permits and the requirements to comply with the Building & Safety codes. The lease of the two stores on the Broadway St. are month to month. Please call for appointment to see the property.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking SpaceDriveway Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Cap Rate 6.90 Gross Income 6500.00 Gross Multiplier 12.10 Gross Operating Income 70200.00 Gross Scheduled Income 84500.00 Improvements Amount 187185 Insurance Expense 950.00 Land Value 124787 Laundry YN No Maintenance Expense 4000.00 Net Operating Income 59050.00 Special Listing Conditions Standard Total Expenses 11150.00 Water Sewer Expense 1800.00 Zoning Lac2

    Listing provided courtesy of Behnam Partiyeli of Keller Williams Realty Westsid.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-19T09:27:19.353. 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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