Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90061 11204 S Broadway

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Presented By: George Morales with Compass;
  • MLS# 25542885
  • 05/23/2025
  • Request Tour
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  • SQFT • 17,516
  • Year Built • 1965

Home Details

Attention Investors: 11204 S. Broadway is a value-add 23-unit multifamily asset located in the heart of South Los Angeles just minutes from the 110 Freeway and key redevelopment zones. This 17,516 SF building sits on a generous 15,702SF lot with gated access and 14 on-site parking spaces. The current rents are significantly below market, presenting investors with approximately 20%+ upside potential through strategic renovations and leasing. The Seller is leaving 3 Units vacant so that the new ownership can touch them up and rent them for a higher NOI/GOI. The current GRM is 11.5, including the 3 vacancies. Without the 3 vacant units the GRM would be at 9.2 *** With 20% UPSIDE THE PROJECTED GOI IS $423,321 AND GRM IS 7.6
Presented By: George Morales with Compass;

Interior Features for 11204 S Broadway

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

General for 11204 S Broadway

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsW. of Main St. N. of W. 113th St.
DisclosuresSellerDisclosure
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet15702.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income198077.0
New ConstructionNo
Possible UseMultiFamily
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1965
ZoningLAR3

Exterior for 11204 S Broadway

Building Area Total17516.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3605
Lot Size Area15702.0
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking14.0
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $3,249,000
MLS#25542885
List Date 05/23/2025
Property Type Commercial
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