11204 S Broadway, Los Angeles, CA, 90061

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$3,249,000
23 Days On Site

11204 S Broadway
Los Angeles, CA 90061

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
17,516
SqFt
$185
/SqFt
1965
Built
County:
Los Angeles
Listed by George Morales of Compass [email protected]
11204 S Broadway11204 S Broadway11204 S Broadway11204 S Broadway
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Mortgage Calculator

Monthly Payment (Est.)

$14,823
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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

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Listing Snapshot
Price 
$3,249,000
Days On Site 
23 Days
Bedrooms 
N/A
Inside Area (SqFt) 
17,516 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3605 Acres
Year Built 
1965
MLS® Number 
25542885
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
0.3605
Additional Property Use 
Multi-Family
Disclosures 
SellerDisclosure
Number Of Stories 
2
Parking Spaces 
14
Property Sub Type 
Mixed Use
Special Circumstances 
Standard
SqFt Total 
17516
Zoning 
LAR3
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Community Features
MLS Area 
C37 - Metropolitan South


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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