8420 S Broadway, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

8420 S Broadway, Los Angeles, California 90003 home-pic-0
ACTIVE$850,000
8420 S Broadway, Los Angeles, California 90003
0Bed
0Bath
2,520Sqft
5,766Lot
Year Built
2003
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$337
HOA
-
Days on market
-
Sold On
-
MLS number
DW24030468
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $850.0K(67th), sqft - 2520(79th), beds - undefined(50th), baths - undefined(50th).

**FOR SALE NICE 2003 DUPLEX 2 STORY BUILDING, 3 BEDS / 2 BATHS EACH, 2520 SQFT LIVING SPACE, 5,766 LOT SIZE, CLOSE TO LOS ANGELES DOWNTOWN, USC, LAFC, TO THE 110 FREEWAY, RESTAURANTS NEW WINDOWS, NEW FRONT FACE STUCCO, INSIDE LAUNDRY HOOKUPS, NEW AC UNITS INSTALLED ON BOTH UNITS THE PROPERTY IS SOLD IN ITS CURRENT CONDITION WITH THE UPSTAIRS UNIT COMPLETELY REMODELED, NEW KITCHEN AND BATHROOM CABINETS, NEW WOOD FLOORING, NEW PAINT, AND RECESSED LIGHT, ONE TENANT-OCCUPIED (PAYING TENANT) INFORMATION IS DEEMED RELIABLE, BUT NO GUARANTEE, IMPLIED OR EXPLICIT. AGENTS AND BUYERS ARE ENCOURAGED TO DO THEIR OWN FINDINGS., THE AGENT IS NOT AWARE IF IT IS RENT-CONTROLLED

Price History

Date
Event
Price
08/25/22
Sold
$810,000
02/05/10
Sold
$265,000
03/21/07
Sold
$575,000
05/07/03
Sold
$260,000
Condition Rating
Good

The property, built in 2003, benefits from significant recent upgrades including new windows, new stucco, and new AC units for both units. The upstairs unit has been completely remodeled with new kitchen and bathroom cabinets, new wood flooring, new paint, and recessed lighting, bringing it to an excellent standard. While the downstairs unit's kitchen and bathroom (as seen in images 6, 7, and 8) appear to retain older finishes (e.g., wood cabinets, tile countertops, older appliances, basic light fixtures) consistent with its 2003 build, they seem functional and well-maintained. The overall condition is move-in ready with major systems updated, but the inconsistency in modernization between the two units prevents an 'Excellent' rating. The extensive recent renovations to a significant portion of the property and its systems elevate it beyond 'Fair'.
Pros & Cons

Pros

Income-Generating Duplex: As a duplex with one unit already tenant-occupied, the property offers immediate rental income and strong potential for investors seeking a residential income asset.
Recent Exterior & System Upgrades: The property benefits from recent improvements including new windows, new front face stucco, and new AC units installed in both units, reducing immediate capital expenditure for a buyer.
Partially Remodeled Interior: The upstairs unit has been completely remodeled with new kitchen and bathroom cabinets, new wood flooring, new paint, and recessed lighting, enhancing its appeal and tenant desirability.
Desirable Urban Location: Its proximity to Downtown Los Angeles, USC, LAFC, the 110 Freeway, and various restaurants offers excellent accessibility and convenience, appealing to a broad tenant base.
Modern Construction Year: Built in 2003, the property is relatively new for the Los Angeles market, suggesting more modern building standards and potentially fewer maintenance issues compared to older structures.

Cons

Uncertain Rent Control Status: The agent is unaware if the property is subject to rent control, which poses a significant risk and potential limitation on rental income growth and tenant management in Los Angeles.
As-Is Sale Condition: The property is sold 'in its current condition,' which, despite recent upgrades, may imply potential for undisclosed issues or the need for further investment in the non-remodeled unit or general repairs.
Inconsistent Unit Modernization: While the upstairs unit is fully remodeled, the description implies the downstairs unit may not be, potentially requiring additional investment to bring both units to a consistent, modern standard.

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