11204 S Broadway new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90061
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
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
Exterior
Parking Features Attached Carport,Assigned
Building
Story 2
New Construction No
Others
Special Listing Condition Standard