Los Angeles, CA 90061 11204 S Broadway
$3,249,000
24 more
Presented By: George Morales with Compass;
Beds • 41
Baths • 23
SQFT • 17,516
Garage • 1
Year Built • 1965
Home Details
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 **
Presented By: George Morales with Compass;
Interior Features for 11204 S Broadway
Bedrooms
Total Bedrooms41
Bathrooms
Half Baths0
Total Baths23
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 11204 S Broadway
Additional Parcels Y/NNo
Attached Garage Yes
Cap Rate6.81
Carport Y/NYes
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsW. of Main St. N. of W. 113th St.
DisclosuresSellerDisclosure
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income281968.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet15702.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income221352.0
New ConstructionNo
Number Of Units Total23
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
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
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Assigned
Private PoolNo
SpaNo
Total Parking14.0
WaterfrontY/NNo
Additional Details
Price History
