241 105th Street, Los Angeles
Los Angeles Home For Sale
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.
Property Details
Additional Information
-
- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90003
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- MLS® #:
- 24357107
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- Bedrooms:
- 1
-
- Bathrooms:
- 2
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- Square Ft:
- 3,433
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- Lot Size:
- 0.14
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- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 241 105th Street, Los Angeles, (MLS® #24357107)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $1,950,000) | $1,800,000 | $150,000 (7.69%) |
Based on information from California Regional Multiple Listing Service, Inc. as of August 16th, 2024 at 3:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.