$3,249,000

11204 S Broadway Los Angeles, CA 90061

Broadway-Manchester Neighborhood

Estimated payment $21,435/month

Total Views 1,030
41 Beds
23 Baths
17,516 Sq Ft
$185 Price per Sq Ft

About This Home

Investor Opportunity-Value-Add 23-Unit Multifamily Investment in South LA. Unlock Major Upside in a Rapidly Improving SubmarketNow available: located in the heart of South Los Angeles just minutes from the 110 Freeway and key redevelopment zones. This 17,516 SF building offers an attractive unit mix and sits on a generous lot with gated access and on-site parking. The current rents are significantly below market, presenting investors with approximately 30% upside potential through strategic renovations and leasing. Seller is leaving 3 Units vacant so that the new ownership can touch them up and rent for a higher NOI/GOI. ** GRM is 11.5, including the 3 vacancies. Without the vacancies the GRM would be 9.2 **

Listing Agent

George Morales

Compass License #01984555

Compass

Co-Listing Agent

sam shakerchi

Compass License #01868195

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Interior Spaces

  • 17,516 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 41 Bedrooms
  • 23 Bathrooms

Parking

  • 14 Parking Spaces
  • Attached Carport
  • Assigned Parking

Additional Features

  • 0.36 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 23 Units

Listing and Financial Details

  • Assessor Parcel Number 6074-023-052

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 17516
  • Lot Acreage: 0.3605
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 41
  • Total Bathrooms: 23.00
  • Price Per S Q F T: 185.49

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Carport Attached
  • Total Parking: 14

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 75.00
  • Assessed Improvement Value: 764857
  • Assessed Land Percent: 25
  • Assessed Land Value: 254937
  • Total Assessed Value: 1019794
  • Assessor Parcel Number: 6074-023-052
  • Lot Size Area: 15702

Rental Info

  • Total Actual Rent: 281968.00

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.50
  • Number Of Units: 23
  • Total Annual Expense: 60616
  • Type Of Units: 2BR & 1BR
  • Vacancy Rate: 13

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 For Sale $3,249,000 -- $185 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25542913

The MLS

California Los Angeles County Los Angeles 90061 Broadway-Manchester

11204 S Broadway, Los Angeles, CA

Homes for Sale in Los Angeles, CA

This home is located at 11204 S Broadway, Los Angeles, CA 90061 and is currently priced at $3,249,000, approximately $185 per square foot. This property was built in 1965. 11204 S Broadway is a home located in Los Angeles County with nearby schools including Figueroa Street Elementary School, Washington Primary Center School, and Samuel Gompers Middle School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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George Morales
Listing Agent
George Morales
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Compass
(323) 578-8423