11204 S Broadway
Los Angeles, CA 90061
17516 sqft | 41 beds | 0.36 acres | #25542913
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 **
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$3,249,000
- MLS #25542913
- MLS #25542913
- Cost3249000
- Acres0.3605
- Square Feet17516
- Year Built1965
- Bedrooms41
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: George Morales (#CLW-C125491)
Listing Office: Compass (#CLW-X81461)
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