11204 S Broadway | Los Angeles | State of California | Prices, Plans, Availability

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11204 S Broadway

USD 3,249,000

Property ID: 25542913

11204 S Broadway ,90061

15702 SqFt

Built in 1965

USD 207/SqFt

41 Beds

23 Full

Location

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

17516

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1965

Detailed Introduction Of This Home

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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