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 Under Contract
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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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Assigned, Attached Carport
Parking Spots
14.00
Stories Total
2
Financial
Map
Community
- Address11204 S Broadway Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90061
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11204 S Broadway
Los Angeles, CA
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