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11204 Broadway, Los Angeles, CA 90061
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11204 Broadway
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  • MLS#: 25542913 ( )
  • Street Address: 11204 Broadway
  • Viewed: 2
  • Price: $3,249,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 50
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90061
  • Provided by: Compass
  • Contact: George George
  • California Regional MLS IDX
  • DMCA Notice
  • 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 **
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Features
Building Area Total
  1. 17516.00
Cooling
  1. None
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 221352.00
Parcel Number
  1. 6074023052
Parking Features
  1. Assigned
  2. Attached Carport
Postalcodeplus4
  1. 1918
Sourcesystemkey
  1. 25542913:CLAW
Totalexpenses
  1. 60616.00
Year Built
  1. 1965
Zoning
  1. LAR3