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7714 S Broadway, Los Angeles, California 90003, Los Angeles, 90003 - 11 bed, 7 bath

7714 S Broadway, Los Angeles, California 90003 home-pic-0
ACTIVE$1,199,000
7714 S Broadway, Los Angeles, California 90003
11Beds
7Baths
4,310Sqft
6,243Lot
Year Built
1928
Close
-
List price
$1.2M
Original List price
$1.35M
Price/Sqft
$278
HOA
-
Days on market
-
Sold On
-
MLS number
PW25203399
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(93th), sqft - 4310(95th), beds - 11(98th), baths - 7(98th).

Property is not under rent control. A rare opportunity you don’t want to miss! This prime 4-unit property in South Los Angeles is ideal for investors or families looking to build wealth together. Whether you’re seeking steady rental income or multi-generational living with privacy, this property offers flexibility, independence, and financial freedom in one. Live in one unit and rent the rest or keep it in the family: • Perfect setup for parents, adult children, or relatives to live close but separately • Enjoy steady monthly income to help offset the mortgage • Located in a high-demand rental area with strong long-term appreciation potential This is your chance to own and earn in one of LA’s most promising growth zones. Features include a small courtyard and a large gated parking area with 8 spaces (2 per unit) plus ADU potential. Zoned R1 with C2 corridor exposure, combining residential financing options with the visibility of Broadway frontage. Excellent central location near shopping and public transportation.

Price History

Date
Event
Price
11/17/25
Price Change
$1,199,000-11.2%
09/10/25
Listing
$1,350,000
08/24/00
Sold
$265,000
Condition Rating
Fair
Built in 1928, this property is nearly a century old. While some areas show cosmetic updates like laminate flooring in the living space, the visible kitchen features an older white range and dated tile, suggesting a lack of recent renovation in key areas. No bathroom images are provided, but given the age and visible kitchen, they are likely in a similar outdated condition. The property's analysis also highlights 'outdated systems' and 'potential for significant capital expenditures.' It appears functional and maintained for its age, but requires minor to substantial updates and repairs to modernize and enhance appeal, particularly in the kitchen and bathrooms.
Pros & Cons

Pros

Strong Income Generation & Investment Value: This 4-unit property (quadruplex) is explicitly not under rent control, a significant advantage in Los Angeles, offering substantial potential for steady rental income and long-term appreciation in a high-demand rental area.
Versatile Living & Investment Strategy: The property provides exceptional flexibility, allowing for owner-occupancy in one unit while renting out the others, or serving as a pure investment vehicle, ideal for multi-generational families or savvy investors.
Significant Development Potential: With stated ADU potential and R1 zoning with C2 corridor exposure, there are opportunities for future expansion, increased density, or even commercial considerations, enhancing its long-term value.
Ample Gated Parking: The property boasts a large gated parking area with 8 dedicated spaces (two per unit), a highly desirable and valuable amenity in Los Angeles, significantly enhancing tenant appeal and convenience.
Strategic Central Location: Situated in a central South Los Angeles location near shopping and public transportation, the property benefits from strong rental demand and is positioned within a promising growth zone for future appreciation.

Cons

Age of Property & Potential for Capital Expenditures: Built in 1928, the property is nearly a century old, suggesting a high likelihood of outdated systems (plumbing, electrical, HVAC) and potential for significant capital expenditures required for renovations or deferred maintenance to maximize rental income and tenant appeal.
Lack of Desirable Views: The property explicitly states 'View: None,' indicating it lacks an aesthetic amenity that could otherwise enhance its market value or tenant desirability, especially in a competitive urban environment.
Recent Price Reduction: The property has undergone a notable price reduction from $1.35M to $1.199M, which could signal an initial overpricing, a lack of strong buyer interest, or potential underlying issues that warrant further investigation by prospective buyers.

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