Listed by Monireh Hamedi, Rodeo Realty,

523 S BROADWAY

Los Angeles, CA, 90013

$6,499,000

$890 per ft²
$6,499,000
$890 per ft²
Active
Active
 - For Sale
carpenters-square
7,300 ft²
property_type
Commercial
calendar
Built 1903
LOCATION!! LOCATION!! LOCATION!!! REDEVELOPMENT OPPORTUNITY ON A HIGH-PROFILE INVESTMENT/COMMERCIAL PROPERTY. 523 – 525 S BROADWAY CONSISTING OF 2 SIDE BY SIDE LOCATIONS APN’S 5149-033-008 AND 5149-033-011 - existing perfume shop and a second vacant unit, occupied by tenants. The building has a total of 7,300 Sq. ft. of floor space **on a 7,469 SqFt Lot**originally built in 1893 and 1903. The area is red hot and highly improved with multiple new commercial property constructions surrounding the area. This well-located property offers convenient access to Chinatown, Downtown L.A., toy district, flower district, arts district, fashion district, Little Tokyo, and near the 5,10,101,110 and 60 freeways.and can be managed efficiently due to their proximity to one another. The building goes across from Broadway to Lindley Pl. There is access to the building from both sides of the street. Excellent investment for investors that are looking for a good source of income. The building can be leased as separate spaces!
MLS® ID:
SR22024949
Listed:
2/8/22
Updated:
7/3/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None

Exterior/Building Features

Lot Size
7,469 ft² lot
Lot Details
Near Public Transit, Rectangular Lot, Value In Land, Walkstreet
Roof
Asphalt, Flat

Other Property Details

Area Name
C16 - Mid Los Angeles
Garage
No
Parking
N
View
N
County
Los Angeles
Utilities
Electricity Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Overhead Utilities
Water Source
Public
Pool
No
Total Stories
1

Property History

Date
Event
Price
Value
6/23/22
Price Change
$6,499,000
-4%
6/17/22
Price Change
$6,799,000
-2%

 

Listed by Monireh Hamedi, Rodeo Realty,

Based on information from California Regional Multiple Listing Service, Inc. as of 7/3/22. 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.

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Data last updated 4:44 PM UTC, 7/3/22

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