241 West 105th Street
241 West 105th Street
$1,950,000
1
13
3,433
3,433
$568
Description
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,...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.
- Listed by Sean Namigohar • DRE #01949705 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 241 West 105th Street
Zoning
LAC2
Parcel Number6074003036
Total Units13.0
Living Area3433
Source Living AreaVendor Enhanced
AreaMetropolitan South (C37)
Vacancy Rate0
Lot Size Area6302
Location
LISTING UPDATED: 02/10/2024 04:05 PM
Property Details for 241 West 105th Street
Status | Active |
---|---|
MLS # | 24-357107 |
Days on Market | 94 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1986 |
Lot Size | 0.14 AC / 6,302 SF |
County | Los Angeles County |
Location
Building Information for 241 West 105th Street
Stories-Residences-Year Built1986Building Size-Lot Size0.14 AC / 6,302 SF
Payment Calculator
$12,298 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 241 West 105th Street
Property History for 241 West 105th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 241 West 105th Street
Taxable ValueLand$1,050,757Additions$450,323Total$1,501,080
Tax Record2023$19,868 ($1,656 / month)
Home Facts
Total Finished SqFt3,433 SqFtAbove Grade Finished SqFt3,433 SqFtStories1Lot Size6,300 SqFtStyleHotel / MotelYear Built1986ZoningLAC2CountyLOS ANGELESAPN6074-003-036
Schools near 241 West 105th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
One Hundred Seventh Street Elementary School PublicK to 5 | ||
Alliance College-Ready Middle Academy No. 4 Charter6 to 8 | ||
Alain Leroy Locke College Prep Academy Charter9 to 12 | ||
Alliance Judy Ivie Burton Technology Academy High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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