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$1,800,000

Beds
5
Baths
6.0
sq ft
4,745

7111 S Broadway Blvd, Los Angeles, CA 90003

7111 S Broadway Blvd

Los Angeles, CA 90003

  • 4 days on market
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 2 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.

Details

Property type

Mixed Use

Property condition

Updated/Remodeled

Lot size

4,745 sq ft

Price per sq ft

$380

Year built

1902

HOA

No

Price History

03/27/2025
CRMLS

CRMLS #PW25067457

Listed
$1,800,000

Schools & Community

Neighborhood: 

Southeast Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Equity Wave Lending

Loan start date

July 2021

Original loan amount

$1,100,000

Est. remaining balance

Not provided

Interest rate

2.96%

Loan type

Commercial, 3 year

Seller

Aurora Akele Galaz

Lender

Equity Wave Lending

Loan start date

August 2020

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

3.03%

Loan type

Commercial, 3 year

Seller

Aurora Akele Galaz

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 12:10 AM

Listing updated: 03/27/2025 at 5:55 PM

Listed by: Shannon Daniele, Home Smart Realty Group Phone #: (562) 912-7770

MLS: CRMLS #PW25067457

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