Seller's Agent in 2021
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
1 in this area
155 Total Sales
7701 S Broadway Los Angeles, CA 90003
Florence NeighborhoodEstimated Value: $1,275,819
3
Beds
3
Baths
4,582
Sq Ft
$278/Sq Ft
Est. Value
Highlights
- No HOA
- Landscaped
- 1-Story Property
- Neighborhood Views
- Radiant Heating System
About This Home
As of July 20217701 S Broadway is a mixed-use parcel located in South Los Angeles. The property consists of (4) 1-bed/1-units and (3) 727 SF retail spaces. Currently, the property is performing at a 6.47% CAP rate and a 10.88 GRM. South Broadway sees over 18,000 cars per day and has 63,058 residents in a 1-mile radius. 7701 S Broadway is conveniently located by the 110 Freeway Entrance leading straight to downtown Los Angeles.
Given the high traffic location and the potential to obtain historically low financing, this is an excellent opportunity for an owner-user opportunity to live in one unit and subsidize monthly payment with rental income from the other units and retail spaces.
Last Agent to Sell the Property
Lyon Stahl Investment Real Est License #01399621 Listed on: 02/18/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,201
Year Built
- Built in 1925
Lot Details
- 6,666 Sq Ft Lot
- 1 Common Wall
- Landscaped
Parking
- On-Street Parking
Home Design
- Quadruplex
Interior Spaces
- 4,582 Sq Ft Home
- 1-Story Property
- Neighborhood Views
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Utilities
- Radiant Heating System
Listing and Financial Details
- Tax Lot 75
- Tax Tract Number 4350
- Assessor Parcel Number 6031016014
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 7 Units
Building Details
- 7 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,833
- Maintenance Expense $3,033
- Other Expense $5,600
- New Taxes Expense $13,210
- Operating Expense $24,876
- Gross Income $101,100
- Net Operating Income $71,169
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 10, 2001
Sold by
Sahroian Margaret
Bought by
Jennings Teresa and Ford Vickie
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Outstanding Balance
$71,187
Interest Rate
6.51%
Mortgage Type
Seller Take Back
Estimated Equity
$1,204,632
Purchase Details
Closed on
Dec 22, 2000
Sold by
The Cadle Company Ii Inc
Bought by
Sahroian Margaret
Purchase Details
Closed on
Sep 24, 1998
Sold by
Castelan Rosa
Bought by
Castelan Hector
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jennings Teresa | -- | Lawyers Title Company | |
| Sahroian Margaret | -- | Chicago Title | |
| Castelan Hector | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jennings Teresa | $185,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/14/2021 07/14/21 | Sold | $1,122,000 | +2.0% | $245 / Sq Ft |
| 04/27/2021 04/27/21 | Pending | -- | -- | -- |
| 04/15/2021 04/15/21 | For Sale | $1,100,000 | 0.0% | $240 / Sq Ft |
| 02/25/2021 02/25/21 | Pending | -- | -- | -- |
| 02/18/2021 02/18/21 | For Sale | $1,100,000 | -- | $240 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $15,201 | $1,209,776 | $626,112 | $583,664 |
| 2024 | $14,990 | $1,186,056 | $613,836 | $572,220 |
| 2023 | $14,707 | $1,162,800 | $601,800 | $561,000 |
| 2022 | $14,038 | $1,140,000 | $590,000 | $550,000 |
| 2021 | $7,156 | $547,967 | $318,343 | $229,624 |
| 2020 | $7,219 | $542,349 | $315,079 | $227,270 |
| 2019 | $6,954 | $531,715 | $308,901 | $222,814 |
| 2018 | $6,797 | $521,291 | $302,845 | $218,446 |
| 2016 | $6,462 | $501,050 | $291,086 | $209,964 |
| 2015 | $6,373 | $493,525 | $286,714 | $206,811 |
| 2014 | $6,404 | $483,858 | $281,098 | $202,760 |
Source: Public Records
Agents Affiliated with this Home
-
Woody Stahl
-
Brett Lyon
Seller Co-Listing Agent in 2021
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
1 in this area
146 Total Sales
-
Stephen Takahashi
Buyer's Agent in 2021
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
(310) 403-9145
2 in this area
101 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21034061
APN: 6031-016-014
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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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