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957 S Broadway, Los Angeles, CA 90015

$25,000,000

  • For Sale
  • Active
  • Multi-Family
957 S Broadway, Los Angeles, CA 90015View this property at 957 S Broadway, Los Angeles, CA 90015
957 S BroadwayLos AngelesCA90015
Property Description
The Broadway is a high-rise mixed use development situated on the northwest corner of Broadway & Olympic Boulevard in the hip Historic Core, one of the most exclusive districts in Downtown Los Angeles. The 20,663 sq. ft. lot is fully entitled for the construction of a 166 ft., 15 story residential condominium building offering 163 condominium units and a rooftop pool and gym. Approved project plans feature: - Four (4) level subterranean parking garage offering 221 car parking spaces and 202 bicycle spaces - 50 sq. ft. balconies on most units in the complex - 4,920 sq. ft. of street level retail space - Neighborhood destinations are: The Ace Hotel @ 929 S. Broadway United Artists / The Theatre at Ace Hotel @ 933 S. Broadway Umami Burger Broadway @ 852 S. Broadway Orpheum Theatre @ 842 S. Broadway Zinque Restaurant @ 939 S. Broadway (opening early 2018) Staples Center, LA Live, LA Convention Center, Whole Foods, The Bloc, Grand Hope Park, Pershing Square & the LA Fashion District all within 1 mile radius. Unit Breakdown: 1 Bedroom: 119 units 2 bedroom: 44 units Planning Data: APN: 5139003007, 5139003008, 5139003009 Zoning: [Q] C2-4D-CDO Interest Offered: Fee Simple Floor Area Ratio: 8.9 : 1 (184,705 sq. ft.) Maximum Floor Area Ratio: 13 : 1 (268,619 sq. ft.)

Full Property Details for 957 S Broadway

General

  • Price: $25,000,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: SR17124464
  • Updated: 5/18/2018
  • Added: 499 day(s) ago

Rooms

Other Rooms

  • Laundry: Dryer Included, Washer Included

Additional Information

  • Pool Description: Private, Lap Pool, Rooftop

Parking

  • Garage Spaces: 221

Location

  • Area: C42 - Downtown L.A.
  • County: Los Angeles
  • Development Name: C42 - Downtown L.A.
  • Driving Directions: On the corner of Broadway and Olympic Blvd.

Utilities

  • Water: Public

Structural Information

  • Square Feet: 184,705
  • Year Built: 2017

Unit Information

Unit 1

  • Number of Units: 119
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 44
  • Total Bathrooms: 2
  • Bedrooms: 2

Lot Features

  • Lot Size (Sq. Ft.): 20,663
  • Lot Size Source: Assessor
  • Zoning: LAC2
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $135.35

Listed by Rommy Shy, Rommy Shy

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Schools

Schools serving 957 S Broadway

Score
Name
Grades
Distance
2
835 Stanford Ave, Los Angeles, CA 90021
K-5
0.7 mi
1
650 S Union Ave, Los Angeles, CA 90017
6-8
1.2 mi
4
1575 W 2nd St, Los Angeles, CA 90026
9-12
1.4 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 957 S Broadway Get Price Alerts

Date
Details
Price
Change
Source
5/18/2018
Price Increased
$25,000,000
38.89%
MLS
11/10/2017
Price Reduced
$18,000,000
-21.74%
MLS
11/01/2017
Price Reduced
$23,000,000
-42.5%
MLS
6/03/2017
Listed
$40,000,000
567.78%
MLS
4/29/2013
Sold
$5,990,000
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History

Tax History for 957 S Broadway

Year
Property Taxes
Change
Tax Assessment
Change
2017
$19,539
2%
$1,464,233
2%
2016
$19,112
2%
$1,435,523
2%
2015
$18,792
439%
$1,413,961
2%
2013
$3,485
-2%
$1,386,264
977%
2012
$3,555
$128,717
-2%
2012
$3,555
2%
$131,290
4%
2011
$3,502
-1%
$126,194
1%
2009
$3,526
2%
$125,251
2008
$3,462
94%
$125,550
2%
2008
$1,783
$123,089
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 957 S Broadway

Listed by Rommy Shy, Rommy Shy

957 S Broadway, Los Angeles, CA 90015 (MLS# SR17124464) is a Multi-Family property with 163 units containing 0 bedrooms and 0 full bathrooms. 957 S Broadway is currently listed for $25,000,000 and was received on June 03, 2017. Want to learn more about 957 S Broadway? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.