11109 S Broadway
Los Angeles, CA 90061
- 8 beds
- – baths
- 3,024 sqft
- 5,426 sqft lot
- $363 per sqft
- 1991 build
- – on site
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We are pleased to present 11109 S Broadway to market, a 4 unit non-rent controlled property in South Los Angeles. The property consists of all 2 bed/1 bath units and was built in 1991 - making it not subject to Los Angeles RSO. A new buyer can benefit from much higher rent increases over time under the state AB-1482 law (currently 8.8%). Rents are currently about 18% below market allowing a new investor a healthy amount of upside over time simply doing annual rent increases. Current cash flow is excellent - at a current 6.02% cap rate and 10.77 GRM. Tenants pay for electricity, gas, and trash - reducing annual expenses greatly compared to other similar buildings. The building sits on a large 5,426 square foot lot which currently allows for ample parking for all the tenants. A detached ADU could be built behind the property allowing for substantially more upside in the property value and income (buyer to verify).
Last checked:
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Last updated Oct 31, 2024
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MLS# CRPW24170510 —
The Building
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Year Built:1991
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Building Area Total:3024
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Building Area Units:Square Feet
Room Dimensions
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Living Area:3024
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Living Area Units:Square Feet
Location
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Directions:North of 111th Place
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Lot Features:Other
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Lot Size Area:0.12
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Lot Size Acres:0.12
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Lot Size SqFt:5426
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Lot Size Units:Acres
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Exterior Features:Back Yard
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Zoning:LAR3
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Parcel Number:6074019022
Listing Agent
- Contact info:
- Agent phone:
- (626) 399-2415
Taxes
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Tax Tract:2411.20
Beds
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Bedrooms Total:8
The Listing
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Listing TermsConventional
Heating & Cooling
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Cooling:No Air Conditioning
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Cooling:true
Appliances
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Laundry Features:No Hookups
The Community
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/30/24
Oct 30, 2024
|
Sold | BRIDGE | $1,100,000 | 4.8% |
|
9/16/24
Sep 16, 2024
|
Pending | BRIDGE | $1,050,000 | |
|
8/16/24
Aug 16, 2024
|
Listed / Active | BRIDGE | $1,050,000 |
