11204 S Broadway Active

Los Angeles,CA 90061

$ 3249000

41 Beds

23 Baths

17516 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,516 sqft

Price per Sqft $185

MLS Listing ID 25542913

Bedrooms 41

Year Built 1965

Lot Size 0.360 Acres

Property Sub-Type Multi-Family

Property Description

Investor Opportunity-Value-Add 23-Unit Multifamily Investment in South LA. Unlock Major Upside in a Rapidly Improving SubmarketNow available: located in the heart of South Los Angeles just minutes from the 110 Freeway and key redevelopment zones. This 17,516 SF building offers an attractive unit mix and sits on a generous lot with gated access and on-site parking. The current rents are significantly below market, presenting investors with approximately 30% upside potential through strategic renovations and leasing. Seller is leaving 3 Units vacant so that the new ownership can touch them up and rent for a higher NOI/GOI. ** GRM is 11.5, including the 3 vacancies. Without the vacancies the GRM would be 9.2 **

Location

State CA

County Los Angeles

Area Metropolitan South

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Assigned, Carport Attached

Garage Spaces 14.0

Building

Story 2

Others

Special Listing Condition Standard

View More
Favorite Go Tour