10721 South Broadway Los Angeles, CA ^$ 2,300,000

10721 South Broadway

^$ 2,300,000

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10721 South Broadway

Los Angeles, CA, 90061

^$ 2,300,000

Studio Baths0.0

Monthly Estimate*

^$ 16,066

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

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

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

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

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

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

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

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

Studio

Commercial Property for sale in Los Angeles, CA

for $2,300,000. This building was built in 1961 on a lot size of 0.286042.

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

^$ 2,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.286042

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024380891

Features

General

Zoning LAC2

Security Features Gated Community

Year Built 1961

Building Name 108 Motel

County Los Angeles

Property Type F

Status Active

City Los Angeles

MLS Area Metropolitan South

Lot Size Square Feet 0.0

Street Name Broadway

Standard Status Active

Exterior

Lot Size Area 12612.0

Lot Dimensions 89x140

Lot Size Acres 0.0

Land Lease Type Fee

Interior

Total Baths 0

* Excluded Features

List By

Michael Fukushima

Listing Agent

Keller Williams Downtown La

Broker

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$16,066

Per Month

Monthly Principal & Interest: $16,066
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 ^$2,259,263

Percent of Sale Price 2%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/9/2024	$2,300,000	-4.17%	Price Down
4/17/2024	$2,400,000		Listed Price

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10721 South Broadway, Los Angeles, CA, 90061 is a Commercial Property for sale at $2,300,000 with a lot size of 0.286042. 10721 South 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/9/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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10721 South Broadway

Commercial Property for sale in Los Angeles, CA

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