CA > Los Angeles
Los Angeles, CA 90061,11204 S Broadway
Los Angeles, CA 90061,11204 S Broadway
Los Angeles, CA 90061,11204 S Broadway
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$3,249,000
Est. payment /mo
41 Beds
23 Baths
17,516 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Combo - Res & Com

Listing Status Active

Purchase Type For Sale

Square Footage 17,516 sqft

Price per Sqft $185

MLS Listing ID 25542885

Bedrooms 41

Year Built 1965

Lot Size 0.360 Acres

Acres 0.3605

Property Sub-Type Combo - Res & Com

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

Area Metropolitan South

Zoning LAR3

Exterior

Garage Spaces 14.0

Building

Story 2

Others

Special Listing Condition Standard

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Kirshner Elkin Properties

+1(424) 214-0133

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