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7714 S Broadway, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

7714 S Broadway, Los Angeles, California 90003 home-pic-0
ACTIVE$1,199,000
7714 S Broadway, Los Angeles, California 90003
0Bed
0Bath
4,310Sqft
6,243Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Income Potential: The property is presented as a 'true cash cow' with an estimated 7.6% cap rate, indicating strong rental income potential for investors.
Top Cons:
Age of Property: Built in 1928, the property's age, despite being well-maintained, may imply older infrastructure, systems, and potentially higher long-term maintenance and repair costs.

Compared to the nearby listings

Price:$1.20M vs avg $750.0K (+$449,000)93%
Size:4,310 sqft vs avg 1,902.5 sqft95%
Price/sqft:$278 vs avg $36514%

More Insights

Built in 1928 (97 years old).
Condition: Built in 1928, the property is aged but appears generally well-maintained. While the description notes 'several units have been updated,' the images reveal a mix of conditions. The kitchen features somewhat updated cabinets but older, basic white appliances and dated tile flooring. The bathroom is significantly outdated with a vintage-style tub, old tiling, and a vanity showing considerable wear and water damage. The property is functional but requires minor to moderate updates, especially in the kitchen and bathrooms, to meet current aesthetic and quality standards.
Year Built
1928
Close
-
List price
$1.2M
Original List price
$1.35M
Price/Sqft
$278
HOA
-
Days on market
-
Sold On
-
MLS number
PW25218046
Home ConditionFair
Features
Patio
View-

About this home

Property is not under rent control. Rare investment and live/work opportunity in South LA! 7714 S Broadway is a well-maintained 4-unit, townhome-style property featuring (3) 3 bed/2 bath units and (1) 2 bed/1 bath unit across 4,310 sq ft on a 6,241 sq ft lot. Each 3-bedroom unit includes laundry hookups, all units have furnaces, and several have been updated. Amenities include a gated parking area with 8 spaces (2 per unit), a small courtyard, and ADU potential (buyer to verify). Zoned R1 with C2 corridor exposure, offering residential financing options with prime Broadway visibility. Priced at an estimated ~7.6% cap rate, this property is a true cash cow with strong rental income potential. Minutes from USC, Downtown LA, SoFi Stadium, and more ensuring steady rental demand and long-term appreciation. Don’t miss this chance to own a high-yield, value-packed multifamily in a transforming neighborhood! Excellent central location near shopping and public transportation. This is a golden opportunity.

Price History

Date
Event
Price
08/24/00
Sold
$265,000
Condition Rating
Fair
Built in 1928, the property is aged but appears generally well-maintained. While the description notes 'several units have been updated,' the images reveal a mix of conditions. The kitchen features somewhat updated cabinets but older, basic white appliances and dated tile flooring. The bathroom is significantly outdated with a vintage-style tub, old tiling, and a vanity showing considerable wear and water damage. The property is functional but requires minor to moderate updates, especially in the kitchen and bathrooms, to meet current aesthetic and quality standards.
Pros & Cons

Pros

High Income Potential: The property is presented as a 'true cash cow' with an estimated 7.6% cap rate, indicating strong rental income potential for investors.
No Rent Control: A significant advantage in Los Angeles, as the property is not subject to rent control, offering greater flexibility in rent adjustments and maximizing returns.
Strategic Location & Demand: Located minutes from USC, Downtown LA, and SoFi Stadium, ensuring consistent rental demand and strong potential for long-term appreciation in a transforming neighborhood.
Value-Add Opportunities: Explicit mention of ADU potential (buyer to verify) provides a clear path for future expansion, increased unit count, and enhanced property value.
Ample Gated Parking: The property offers a highly desirable amenity in Los Angeles with a gated parking area providing 8 spaces (2 per unit), a significant draw for tenants.

Cons

Age of Property: Built in 1928, the property's age, despite being well-maintained, may imply older infrastructure, systems, and potentially higher long-term maintenance and repair costs.
Recent Price Reduction: A notable price reduction from $1.35M to $1.199M could indicate initial overpricing or challenges in attracting buyers, potentially raising questions about market value.
Partial Updates & Buyer Verification: While 'several units have been updated,' it suggests not all units are fully modernized, implying potential future renovation expenses. Additionally, 'buyer to verify' clauses for ADU potential place the burden of due diligence and risk on the purchaser.

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