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5881 S Broadway

Los Angeles CA 90003

5
4
2787 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

SELLER WILL CARRY THE LOAN FOR 1 YEAR... Versatile Multi-Use Zoned Property Ideal for Residential or Commercial Use This unique multi-use zoned property offers exceptional flexibility, currently configured and leased as residential units, but also suitable for commercial use. Both detached units were fully remodeled four years ago and feature modern updates, including: New flooring throughout Updated appliances Modern HVAC systems Washer/dryer hookups in the rear unit Unit Details: Front Unit: 1 bed / 1 bath | Approx. 500 sq ft | Month-to-month tenants Rear Unit: 4 bed / 2.5 bath (two-story) | Approx. 1,700 sq ft | Will be delivered vacant at the close of escrow. Property Highlights: Detached units with no shared walls. Gated alley access with parking for up to 4 vehicles. Separate electric meters for each unit. Whether you're an investor looking for strong rental income or an owner-user exploring commercial possibilities, this property offers rare versatility in a desirable location. Seller will carry the loan for 1 year. 25% Down at 7% interest only. With a balloon payment at the end of the 1 year term. Buyer must be qualified with sellers loan officer.

Features

5 bedrooms
4 bathrooms
2787 sq. ft. lot size
Multi-Family

Happy sellers in Los Angeles

95%
95% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

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Local market activity for 5 bedroom multi families in Los Angeles

In the last 12 months, 14 five-bedroom multi families similar to 5881 S Broadway, have been sold.

This represents a 100% decrease in five-bedroom multi families sales when compared to the previous 12 months.

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