241 105th Street, Los Angeles, CA 90003
-
Listed Price :
$1,950,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1986
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 |
List Price |
$1,950,000 |
Status |
Active |
Type |
Residential Income |
Structure Size |
N/A |
Lot Size |
6,302 |
Year Built |
1986 |
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.