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5303 Broadway
Los Angeles, CA 90037
Sold
Attention all affordable housing developers or first time homeowners! We are pleased to offer this 5,711 lot size corner lot. This mixed use property is located south of DTLA and the Los Angeles Memorial Coliseum and LAFC soccer stadium, while not being far from USC (University of Southern California). Currently, the property is being used as a business and rear unit is a residential 2 bedroom, 1 bathroom, being a total of 2 units. Commercial unit in front rents for $3100 while residential unit in the rear rents for $1400 while paying for water, gas, and electricity. This property is in the redevelopment project area District Council for the Land Use Affordability Covenant and ED1 Executive Directive for Housing with a zoning C2-1VL-CPIO with ED1 Eligibility and Tier 2 TOC Affordable Housing incentive program (verify with LADBS). All new developments can exercise the density bonus for the Los Angeles Affordable Housing developments. This is a developmental opportunity under executive order from the Los Angeles Mayor as it is aimed to speed the approval of affordable housing. Do not let this opportunity pass by yourself or your buyers! Please contact listing agent for any questions or additional information. Submit all offers with proof of funds and pre-approval letter. Buyers and buyers agents to do own due diligence on property.
PROPERTY INFORMATION
| MLS # | CV24161789 | Lot Size | 5,711 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 750,000
Price Per SqFt: $ 253 |
DOM | 298 Days |
| Address | 5303 Broadway | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,962 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | 1922 |
| Bed / Bath | 2 / 0 | Parking | 5 |
| Built In | 1922 | Status | Closed |
| Sold Date | 2024-09-20 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $800
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/20/2024 | Sold | $750,000 |
| 08/28/2024 | Pending | $699,999 |
| 08/07/2024 | Listed | $699,999 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Matthew Salazar, CENTURY 21 CITRUS REALTY INC. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
