11204 S Broadway Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90061
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