NOT LISTED FOR SALE

Estimated Value: $948,850

3 Beds
2 Baths
2,975 Sq Ft
$319/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $875,000 $294 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,215/month

111 Days on Market

About This Home

As of January 2023

The variety of buildings at 11151 S. Broadway offers buyers options of how to live, develop, or go a new and different way from the ground up. This mixed-use property is currently configured as two residential single-family dwellings which face 111th: 1) 306 W. 111th Pl., a vacant 2BR/1BA 1,050 sq.ft. second-story dwelling with an oversized two-car garage beneath it, and 2) 310 W. 111th Pl., an occupied 1BR/1BA 468 sq.ft. detached home. Two occupied institutional buildings front Broadway: 3) 11151 S. Broadway which totals 953 sq.ft., and 4) 11153 S. Broadway, which totals 504 sq.ft. Both of these structures are zoned in public records as places of worship. According to public records, the current total interior sq.ft. of all the structures combined is 2,975 sq.ft. The 7,286 sq.ft. lot, located on the corner of Broadway and W. 111th Place, is perfectly sited in the middle of a rapidly gentrifying area of South Los Angeles. The complex of four detached buildings is close to DTLA, minutes from SoFi Stadium, LAX, USC, and Exposition Park. The neighborhood immediately surrounding this location has several development projects in the works. 11151 S. Broadway provides an opportunity to succeed in an area that is set to grow and thrive in the near future. Buildings will be sold as-is, with 2 tenants in-place.

Last Agent to Sell the Property

Jeff Yarbrough

Keller Williams Beverly Hills License #01341959 Listed on: 07/22/2022

Keller Williams Beverly Hills

Co-Listed By

Robert Canova

Engel & Völkers Beverly Hills License #02131258

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,518

Year Built

  • Built in 1922

Lot Details

  • 7,286 Sq Ft Lot
  • Property is zoned LAR4

Parking

  • 2 Car Garage

Interior Spaces

  • 2,975 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6074-019-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,518

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Unknown
  • Street Number Display: Yes
  • Living Area: 2975
  • Lot Acreage: 0.1673
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 2.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 302.18

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Heating: Combination

Lot Info

  • Assessed Improvement Percent: 29.41
  • Assessed Improvement Value: 43327
  • Assessed Land Percent: 70.59
  • Assessed Land Value: 104005
  • Total Assessed Value: 147332
  • Assessor Parcel Number: 6074-019-008
  • Lot Size Area: 7286

Rental Info

  • Number Leased: 2

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Res., com.
  • Vacancy Rate: 2BR/1BA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Nov 14, 2022
Sold by
Seidel Jennie
Bought by
La Broad Llc
Seller's Agent
Jeff Yarbrough
Keller Williams Beverly Hills
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,100,000
Sold Price
$875,000
Premium/Discount to List
-$225,000
-20.45%
Views
9
Current Estimated Value
$948,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,850
Original Mortgage
$300,000
Interest Rate
6.33%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
La Broad Llc $875,000 Western Resources Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed La Broad Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2023 01/06/23 Sold $875,000 -2.7% $294 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
10/22/2022 10/22/22 Price Changed $899,000 -5.3% $302 / Sq Ft
10/06/2022 10/06/22 Price Changed $949,000 -5.0% $319 / Sq Ft
09/23/2022 09/23/22 Price Changed $999,000 -9.2% $336 / Sq Ft
07/22/2022 07/22/22 For Sale $1,100,000 -- $370 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,518 $892,500 $612,000 $280,500
2023 $2,646 $153,282 $108,206 $45,076
2022 $2,548 $150,278 $106,085 $44,193
2021 $2,503 $147,332 $104,005 $43,327
2020 $2,516 $145,822 $102,939 $42,883
2019 $2,440 $142,964 $100,921 $42,043
2018 $2,320 $140,162 $98,943 $41,219
2016 $2,191 $134,720 $95,101 $39,619
2015 $2,162 $132,697 $93,673 $39,024
2014 $2,170 $130,099 $91,839 $38,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-175691

The MLS

APN: 6074-019-008