10721 S Broadway Los Angeles, CA ^$ 2,400,000

10721 S Broadway

^$ 2,400,000

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Recently Listed

10721 S Broadway

Los Angeles, CA, 90061

^$ 2,400,000

Studio Baths0.0 Sq 4,757

Monthly Estimate*

^$ 16,765

Listed by Keller Williams Downtown LA

10721 S Broadway, Los Angeles, CA 90061 - Image 1

10721 S Broadway, Los Angeles, CA 90061 - Image 2

10721 S Broadway, Los Angeles, CA 90061 - Image 3

10721 S Broadway, Los Angeles, CA 90061 - Image 4

10721 S Broadway, Los Angeles, CA 90061 - Image 5

10721 S Broadway, Los Angeles, CA 90061 - Image 6

10721 S Broadway, Los Angeles, CA 90061 - Image 7

10721 S Broadway, Los Angeles, CA 90061 - Image 8

10721 S Broadway, Los Angeles, CA 90061 - Image 9

Studio

Commercial Property for sale in Los Angeles, CA

for $2,400,000. This 4,757 square foot building was built in 1961 on a lot size of 0.2895.

Unique investment opportunity for a 20 room motel! Repurpose the property for emergency shelter for the unhoused, convert the property for permanent supportive affordable housing, or redevelop the property to take advantage of the superior zoning or the new ED-1 incentives. The property is a closed motel with 20 rooms and a management office. The total building area is 4,757 Sq. Ft. on a 12,612 Sq. Ft. lot zoned LAC2. The property is located on the North West corner at the intersection of West 108th St. and Broadway near the 110 Freeway. The property is also accessible by an alley. Please note that the Motel is closed and completely fenced off. Do not walk on property, drive by only!

Commercial Active

Price

^$ 2,400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.2895

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24380891

Days on Market

Features

General

Zoning LAC2

HOA 0.0

Security Features GatedCommunity

Year Built 1961

Community Features Gated

Building Name 108 Motel

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Possible Use MultiFamily

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions From Downtown Los Angeles head South on the 110 Freeway and exit Century Blvd. Head towards Broadway and the property is on the North West corner of the intersection of Broadway and W 108th St. For s

City Los Angeles

Disclosures CautionsCallAgent

View Y/N N

Senior Community Y/N N

Total Units 20

MLS Area C37 - Metropolitan South

Lot Size Square Feet 12612.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Broadway

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 0

Standard Status Active

Exterior

Total Parking 25.0

Lot Size Area 12612.0

Number of Buildings 2

Spa N

Building Area Total 4757.0

Lot Dimensions 89x140

Lot Size Acres 0.2895

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 10721

* Excluded Features

List By

Keller Williams Downtown La

Broker

(818) 321-6490

Phone

Affordability Calculator

$16,765

Per Month

Monthly Principal & Interest: $16,765
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,169,774

Percent of Sale Price 10%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/17/2024	$2,400,000		Listed Price

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10721 S Broadway, Los Angeles, CA, 90061 is a Commercial Property for sale at $2,400,000 with 4,757 sqft and a lot size of 0.2895. 10721 S Broadway is a studio with 0.0 baths and was built in 1961. The property's zip code is 90061 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/30/2024. 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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10721 S Broadway

Commercial Property for sale in Los Angeles, CA

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