9311 S Broadway, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE UNDER CONTRACT$495,000
9311 S Broadway, Los Angeles, California 90003
0Bed
0Bath
1,459Sqft
3,828Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Turnkey Investment/Owner-Occupancy: The duplex offers immediate income potential with one unit vacant at close of escrow, making it ideal for both investors seeking rental income and owner-occupants.
Top Cons:
Age of Original Construction: Built in 1940, the property's underlying structure is old, which may lead to unforeseen maintenance issues or higher insurance premiums despite recent renovations.
Compared to the nearby listings
Price:$495.0K vs avg $735.0K ($-240,000)17%
Size:1,459 sqft vs avg 1,783 sqft21%
Price/sqft:$339 vs avg $36545%
More Insights
Built in 1940 (85 years old).
Condition: Despite being built in 1940, this property has undergone a comprehensive and recent renovation, bringing it to an excellent condition. The listing explicitly states 'beautifully renovated' with 'new copper plumbing,' 'updated electrical,' 'new flooring & fresh paint,' 'energy-efficient LED lighting,' and 'quartz countertops.' The images confirm this, showcasing a modern, fully updated bathroom with new tiling, vanity, and fixtures, and pristine new laminate flooring and fresh paint throughout the living areas. The kitchen, while not fully pictured, is implied to be modern with quartz countertops. All major systems and cosmetic elements appear new or virtually new, meeting current quality standards.
Year Built
1940
Close
-
List price
$495K
Original List price
$495K
Price/Sqft
$339
HOA
-
Days on market
-
Sold On
-
MLS number
OC25204864
Home ConditionExcellent
Features
View-
About this home
2 Homes on One Lot This beautifully renovated duplex will be delivered with one unit vacant at close of escrow. The property includes an owner’s unit (1BD/1BA) and another 1BD/1BA Both units are separately metered—including two individual water meters—so tenants pay all utilities, leaving no utility expenses for the landlord. Upgrades feature: • New copper plumbing • Updated electrical • Energy-efficient LED lighting • Quartz countertops • New flooring & fresh paint • Walk-in closets The property also comes with previously approved ADU plans as a bonus. A perfect opportunity for investors or owner-occupants looking for strong rental income and future growth potential.
Price History
Date
Event
Price
04/09/12
Sold
$120,000
01/16/04
Sold
$240,000
Condition Rating
Excellent
Despite being built in 1940, this property has undergone a comprehensive and recent renovation, bringing it to an excellent condition. The listing explicitly states 'beautifully renovated' with 'new copper plumbing,' 'updated electrical,' 'new flooring & fresh paint,' 'energy-efficient LED lighting,' and 'quartz countertops.' The images confirm this, showcasing a modern, fully updated bathroom with new tiling, vanity, and fixtures, and pristine new laminate flooring and fresh paint throughout the living areas. The kitchen, while not fully pictured, is implied to be modern with quartz countertops. All major systems and cosmetic elements appear new or virtually new, meeting current quality standards.
Pros & Cons
Pros
Turnkey Investment/Owner-Occupancy: The duplex offers immediate income potential with one unit vacant at close of escrow, making it ideal for both investors seeking rental income and owner-occupants.
Significant Infrastructure Upgrades: Recent major renovations include new copper plumbing and updated electrical systems, providing long-term reliability and reducing immediate capital expenditure for a buyer.
Maximized Net Operating Income (NOI): Both units are separately metered, including individual water meters, ensuring tenants cover all utility expenses and significantly boosting the landlord's net income.
Future Value-Add with Approved ADU: The property comes with previously approved ADU plans, offering a clear path for increasing property value, rental income, and overall density.
Modern Aesthetic & Comfort: Cosmetic upgrades such as quartz countertops, new flooring, fresh paint, energy-efficient LED lighting, and walk-in closets enhance tenant appeal and living quality.
Cons
Age of Original Construction: Built in 1940, the property's underlying structure is old, which may lead to unforeseen maintenance issues or higher insurance premiums despite recent renovations.
Limited Unit Size/Configuration: Both units are 1-bedroom, 1-bathroom, which restricts the potential tenant pool primarily to singles or couples, potentially limiting rental demand from families.
Potential Lack of Central HVAC: The description highlights many upgrades but omits any mention of a central cooling system, suggesting it may be absent, which could be a significant comfort drawback in Los Angeles's climate.