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
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0.36 Acres Lot
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11204 S Broadway Los Angeles, CA 90061

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Serri Rowell

Serri Rowell

+1(760) 579-2666

UPDATED:

Key Details

Property Type Commercial Sale

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25542885

HOA Y/N No

Year Built 1965

Lot Size 0.360 Acres

Property Sub-Type Mixed Use

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 C37 - Metropolitan South

Zoning LAR3

Interior

Fireplace No

Exterior

Total Parking Spaces 14

Building

Story 2

Others

Tax ID 6074023052

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by George Morales • Compass

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agent

Serri Rowell

Owner & Team Lead | CA BRE#01484073

+1(760) 579-2666

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11204 S Broadway

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