$1,950,000
241 105th Street, Los Angeles 90003
1
Bed
2
Baths
3,433
Square feet
6,302
Lot Size
13
# Of Units
Listing Agent
Sean Namigohar - Marcus & Millichap10424 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.
Facts & Features
MLS® # | 24357107 |
---|---|
Price | $1,950,000 |
Bedrooms | 1 |
Bathrooms | 2.00 |
Square Footage | 3,433 |
Lot Size | 6,302 |
Year Built | 1986 |
Type | Residential Income |
Status | Active |
# Of Units | 13 |
Community Information
Address | 241 105th Street |
---|---|
Area | C37 - Metropolitan South |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90003 |
Amenities
Parking Spaces | 13 |
---|---|
Parking | Carport |
Garages | Carport |
Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
---|---|
Fireplace | No |
Stories | Two |
Additional Information
Date Listed | February 2nd, 2024 |
---|---|
Days on Market | 103 |
Zoning | LAC2 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Sean Namigohar |
---|---|
Office | Marcus & Millichap |