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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
Property Type(s):
Commercial
| Last Updated | 5/23/2025 | Year Built | 1965 |
|---|---|---|---|
| Community | Metropolitan South | County | Los Angeles |
Additional Details
| AREA | Metropolitan South |
|---|---|
| HOA DUES | 0 |
| LOT | 0.36 acre(s) |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with Compass
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