$3,249,000
( $185.49Per Sq Foot )
$17,441 est/mo Sourced by Back At You11204 S Broadway,Los Angeles, CA 90061
Los Angeles, CA 90061
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
Details
| MLS # | 25542885 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1965 |
| Days On Site | 50 |
| Listing Provided By | Compass | George Morales |
Features
| SQ Feet | 17,516 |
|---|---|
| Story(s) | 2 |
| Zoning | LAR3 |
| Acreage | 0.36 |
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90061 |
| Area | C37 Metropolitan South |
Nearby Listings (Within 1/10 mile)
Price: $2.436M - $4.61M
SqFt: 13,000 - 21,500
 | $3,249,00011204 S BroadwayLos Angeles, CA 90061 |
Listing Updated: July 1, 2025 at 8:40:41 PM PDT