For Sale
241 W 105th Street, Los Angeles, CA 90003
241 W 105th Street, Los Angeles, CA 90003
  • $1,950,000
  • $568

Overview

Property ID: HZ14996811
  • Residential Income
  • Property Type
  • 13
  • Bathrooms
  • 3433.00
  • Sqft
  • 1986
  • Year Built

Description

10424 S. Broadway is an investment opportunity located in South Los Angeles, conveniently situated in the high rental demand pocket between Century Blvd and Main Street. The strong cashflow and high yield property is offered at an attractive 7.03% CAP rate and 8.7 GRM on actual income, with 100% occupancy in the building. An investor can capture significant additional upside with the permit to add 3 large ADU units on the property, that will be delivered RTI. The ADU units are consisting of a two-bedroom/one-bathroom, a three-bedroom/one-bathroom, and a three-bedroom/two bathroom unit, which could bring north of an additional $9,400 per month once completed and rented. The 1986 built property does not fall within the city of Los Angeles rent control, and comes with renovated units, a new roof that was recently installed, and upgraded plumbing and electrical. The building has secured gated access with thirteen on-site parking spaces as well. The dense, infill location of South LA comes with an easy commute to Downtown Leimert Park and Mid-City with multiple Metro local lines and the Metro C rail line all nearby the property.

  • Address 241 W 105th Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90003
  • Area C37 - Metropolitan South
  • Country United States

Details

Updated on February 11, 2024 at 12:27 am
  • Property ID: HZ14996811
  • Price: $1,950,000
  • Property Size: 3433.00 Sqft
  • Land Area: 6302.00 Sqft
  • Bathrooms: 13
  • Year Built: 1986
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 3433.00
  • Living Area Prefix: Sqft
  • MLS#: 24357107
  • Office Name: MARCUS & MILLICHAP
  • Agent Name: Sean Namigohar
  • MLS Status: Active
  • Agent State License: 01949705

Additional details

  • County: Los Angeles
  • Parking: 13.00

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