About 241 W 105th St
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.
Features of 241 W 105th St
MLS® # | 24-357107 |
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Price | $1,950,000 |
Bathrooms | 13.00 |
Square Footage | 3,433 |
Acres | 0.14 |
Year Built | 1986 |
Type | Residential Income |
Sub-Type | Apartment Building |
Status | Active |
Community Information
Address | 241 W 105th St |
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Area | Metropolitan South |
City | LOS ANGELES |
County | Los Angeles |
State | CA |
Zip Code | 90003 |
Amenities
Parking Spaces | 13 |
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Garages | Carport |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Wall Electric |
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Cooling | Wall Unit(s) |
Fireplace | No |
Has Basement | No |
Additional Information
Date Listed | February 2nd, 2024 |
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Days on Market | 105 |
Zoning | LAC2 |
Foreclosure | No |
RE / Bank Owned | No |
Listing Details
Agent | Sean Namigohar (01949705) |
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Office | Marcus & Millichap |