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525 S Broadway $4,499,000

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    525 S Broadway Los Angeles, CA 90013

    • 14,400 sq. ft.
    • 0.17 Acres
    • Commercial Sale
    • MLS# SB22195121
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    Views: 7 Days On Market: 84

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    Property Details

    HUGE PRICE REDUCTION ... MOTIVATED SELLERS ... GREAT OPPORTUNITY ON A HIGH-PROFILE INVESTMENT/COMMERCIAL PROPERTY. 7300 Sq. Ft. of Retail Ground Floor and 6500 Sq. Ft. of Basement and almost 600 Sq. Ft of office on 2nd floor on about 7500 Sq. Ft Lot. These Diamonds in Rough Property located On two continuous side by side lots in heart of Los Angeles Downtown, between 5th and 6th Street on the most famous Street in Downtown Los Angeles. Conveniently located near Art, Fashion, Toy, Flower District, Little Tokyo, Chinatown, and close proximity to major FWY and Diamond and Gold Whole and Retail centers. Property accessible also from back street and it could be great opportunity to development for additional floors and square footage.

    • General Features
      • Buyer Compensation 2.500 %
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • YearBuilt 1893
    • Building Features
      • Cooling Central Air
      • Heating Central
      • Laundry Features None
      • Roof Asphalt
    • Property Features
      • Lot Features 36-40 Units/Acre, Value In Land, Walkstreet, Zero Lot Line
      • Lot Size Acres 0.17

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    Neighborhood

    90013 (Los Angeles) Demographics

    44 Median Age
    18,995 Population Density (per sq. mile)
    43% College Educated
    $21,175 Estimated Median Income
    600 Estimated Total Home Owners
    7,210 Estimated Total Renters
    8% / 92% Estimated Owner / Renter Divide
    1 Estimated Average Household Size
    13,009 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,144,344 Median Sales Price
    2 Homes Sold
    23 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,499,000
        11/14/2022 6:47:13 PM Price Reduced Source: Multiple Listing Service New Value: $4,499,000 -18.19%
        9/7/2022 5:17:00 AM New in Database Source: Multiple Listing Service New Value: $5,499,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 1:49:53 AM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.