5881 S Broadway Los Angeles, CA 90003
Florence NeighborhoodEstimated payment $4,035/month
About This Home
Versatile Multi-Use Zoned Property – Ideal for Residential or Commercial Use
This unique multi-use zoned property offers exceptional flexibility, currently configured and leased as residential units, but also suitable for commercial use. Both detached units were fully remodeled four years ago and feature modern updates, including:
New flooring throughout
Updated appliances
Modern HVAC systems
Washer/dryer hookups in the rear unit
Unit Details:
Front Unit: 1 bed / 1 bath | Approx. 500 sq ft | Month-to-month tenants
Rear Unit: 4 bed / 2.5 bath (two-story) | Approx. 1,700 sq ft | Will be delivered vacant at the close of escrow.
Property Highlights:
Detached units with no shared walls.
Gated alley access with parking for up to 4 vehicles.
Separate electric meters for each unit.
Whether you're an investor looking for strong rental income or an owner-user exploring commercial possibilities, this property offers rare versatility in a desirable location.
Listing Agent
Century 21 A Better Service Brokerage Phone: 562-607-1036 License #00957274 Listed on: 07/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,663
Year Built
- Built in 1927
Lot Details
- 2,787 Sq Ft Lot
- No Common Walls
- Back Yard
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 2,200 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Additional Features
- Suburban Location
- Private Water Source
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 6005006003
- $250 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $3,663 | $290,140 | $208,902 | $81,238 |
| 2024 | $3,663 | $284,452 | $204,806 | $79,646 |
| 2023 | $3,595 | $278,876 | $200,791 | $78,085 |
| 2022 | $3,431 | $273,408 | $196,854 | $76,554 |
| 2021 | $3,384 | $268,048 | $192,995 | $75,053 |
| 2020 | $3,415 | $265,301 | $191,017 | $74,284 |
| 2019 | $3,285 | $260,100 | $187,272 | $72,828 |
| 2018 | $3,229 | $255,000 | $183,600 | $71,400 |
| 2016 | $3,906 | $314,726 | $137,058 | $177,668 |
| 2015 | $3,850 | $216,904 | $108,452 | $108,452 |
| 2014 | $2,751 | $212,656 | $106,328 | $106,328 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | For Sale | $699,999 | -- | $318 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Grant Deed | $250,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Grant Deed | $140,000 | United Title Company | |
| Grant Deed | -- | First American Title Ins Co | |
| Trustee Deed | $165,092 | First American Title Ins Co | |
| Grant Deed | $148,500 | American Title Co | |
| Grant Deed | $36,000 | Benefit Land Title Company | |
| Grant Deed | $35,000 | Commonwealth Land Title | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $165,000 | Commercial | |
| Previous Owner | $165,000 | Commercial | |
| Previous Owner | $165,000 | Commercial | |
| Previous Owner | $155,000 | Credit Line Revolving | |
| Previous Owner | $112,000 | Commercial | |
| Previous Owner | $147,286 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25168129
APN: 6005-006-003
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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