CA > Los Angeles
Los Angeles, CA 90061,11204 S Broadway
Los Angeles, CA 90061,11204 S Broadway
Los Angeles, CA 90061,11204 S Broadway
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$3,249,000
Est. payment /mo
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41 Beds
23 Baths
17,516 SqFt
Active

11204 S Broadway Los Angeles, CA 90061

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Simply Vegas

Simply Vegas

+1(702) 608-0393

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Key Details

Property Type Commercial

Sub Type Combo - Res & Com

Listing Status Active

Purchase Type For Sale

Square Footage 17,516 sqft

Price per Sqft $185

MLS Listing ID 25542885

Bedrooms 41

Year Built 1965

Lot Size 0.360 Acres

Acres 0.3605

Property Sub-Type Combo - Res & Com

Property Description

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

Location

State CA

County Los Angeles

Area Metropolitan South

Zoning LAR3

Exterior

Garage Spaces 14.0

Building

Story 2

Others

Special Listing Condition Standard

TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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