241 105th Street

Los Angeles, CA 90003

$1,950,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $568 / sqft

1986

calendar_month Built

Property 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 241 105th Street
City Los Angeles
State CA
Zip 90003
County Los Angeles
Listing Agent Sean Namigohar DRE#01949705
Courtesy Of Marcus & Millichap
MLS 24357107
List Price $1,950,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 6,302
Year Built 1986
DOM 9

Exterior Information

Maps

Listing information courtesy of: Sean Namigohar, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 10th, 2024 at 4:17 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.