29
See all 29 photos
$3,249,000
Est. payment /mo
41 Beds
23 Baths
17,516 SqFt
New
11204 S Broadway Los Angeles, CA 90061
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Key Details
Property 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
HOA Y/N No
Year Built 1965
Lot Size 0.360 Acres
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 C37 - Metropolitan South
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Attached Carport, Assigned
Attached Garage Yes
Total Parking Spaces 14
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6074023052
Special Listing Condition Standard
Listed by George Morales • Compass