11204 S Broadway
Los Angeles, CA, 90061
$3,249,000
Beds
0 Baths
SqFt
0.36 Acres
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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 **

Property Details

Price:
$3,249,000
MLS #:
25542913
Status:
Active
Baths:
0
Address:
11204 S Broadway
Type:
Residential Income
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
May 23, 2025
State:
CA
ZIP:
90061
Lot Size:
15,702 sqft / 0.36 acres (approx)
Year Built:
1965
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Heating
Wall Furnace

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Parking Features
Assigned, Attached Carport
Parking Spots
14.00
Stories Total
2

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