11204 S Broadway new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90061
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25542885
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
Building
Story 2
Others
Special Listing Condition Standard