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9309 S Broadway, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

9309 S Broadway, Los Angeles, California 90003 home-pic-0
ACTIVE$539,000
9309 S Broadway, Los Angeles, California 90003
0Bed
0Bath
1,459Sqft
3,584Lot
Year Built
1940
Close
-
List price
$539K
Original List price
$629K
Price/Sqft
$369
HOA
-
Days on market
-
Sold On
-
MLS number
OC25105003
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $539.0K(21th), sqft - 1459(21th), beds - undefined(50th), baths - undefined(50th).

2 Homes on a lot! This renovated duplex will be delivered with ONE UNIT VACANT at close of escrow. Property consists of an owner’s unit (1BD/1BA) and another 1BD/1BA unit rented for $1,045/month. TENANTS PAY FOR ALL UTILITIES as the buildings are separately metered, including two individual water meters. The landlord has no utility expenses for tenants. Perfect for investors or owner-occupants. Upgrades include new copper plumbing, updated electrical, energy-efficient LED lighting, quartz countertops, new flooring, fresh paint, and walk-in closets. Comes with READY-TO-ISSUE and Approved ADU plans for an additional 1BD/1BA (3rd Unit). *The square footage reflected includes the approved ADU*

Price History

Date
Event
Price
08/14/25
Price Change
$539,000-1.8%
08/02/25
$549,000
05/15/25
$629,000
06/21/22
Sold
$315,000
02/04/13
Sold
$200,000
11/10/11
Sold
$95,000
01/16/04
Sold
$240,000
Condition Rating
Good
Despite being built in 1940, this duplex has undergone extensive and recent renovations, including new copper plumbing, updated electrical, energy-efficient LED lighting, new flooring, and fresh paint. The bathroom images show a fully modernized space with new vanity, fixtures, and contemporary tiling. While no direct kitchen image is provided, the description confirms quartz countertops and new flooring, indicating a similar level of update. The property is move-in ready with major systems addressed, aligning well with the 'Good' condition criteria for an extensively renovated older home.
Pros & Cons

Pros

Strong Income Potential: The property is a renovated duplex with one unit delivered vacant at close of escrow, allowing for immediate owner-occupancy or new tenant placement, while the other unit is already rented, providing instant cash flow.
Future Value-Add with Approved ADU: Comes with ready-to-issue and approved ADU plans for an additional 1BD/1BA unit, significantly enhancing future income potential and overall property value.
Low Landlord Operating Costs: All units are separately metered, including individual water meters, ensuring tenants pay for all utilities, which minimizes landlord expenses and maximizes net rental income.
Extensive Recent Renovations: Significant upgrades including new copper plumbing, updated electrical, energy-efficient LED lighting, quartz countertops, new flooring, fresh paint, and walk-in closets reduce immediate capital expenditures for a new owner.
Versatile Investment Opportunity: The property is ideal for both traditional investors seeking rental income and owner-occupants looking to live in one unit while offsetting mortgage costs with rental income from the other(s).

Cons

Compact Unit Sizes: All existing and planned units are 1BD/1BA, which may limit the tenant pool to singles or couples and might not appeal to families seeking larger living spaces.
Property Age: Built in 1940, despite recent renovations, the underlying structure is old, which could potentially lead to unforeseen maintenance or structural issues not covered by the listed upgrades.
Recent Price Reductions: The property has undergone multiple price drops from its original listing, which could indicate initial overpricing or market resistance, potentially raising questions about its current market value or desirability.

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