11204 S Broadway Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90061
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