11204 S Broadway Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90061
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 17,516 sqft
Price per Sqft $185
MLS Listing ID CL25542885
HOA Y/N No
Year Built 1965
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Comm Ind For Sale
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
Zoning LAR3
Interior
Fireplace No
Exterior
Total Parking Spaces 14
Building
New Construction No
Others
Tax ID 6074023052