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241 W 105th Street $1,950,000

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    241 W 105th Street Los Angeles, CA 90003

    • 1 Beds
    • 13 Baths
    • 3,433 sq. ft.
    • Multi-Family
    • MLS# 24357107
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    Views: 1 Days On Market: 26

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    Property Details

    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.

    • General Features
      • Buyer Compensation 2.250 %
      • County Or Parish Los Angeles
      • Number Of Buildings 13
      • Number Of Units Total 13
      • One-Qtr Bathrooms 0
      • Three-Qtr Bathrooms 0
      • YearBuilt 1986
    • Building Features
      • Full Bathrooms 0
      • Half Bathrooms 0
      • Levels Two
      • Living Area 3433.00
    • Property Features
      • Lot Size Acres 0.14
      • Parking Total 13.00

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    Neighborhood

    90003 (Los Angeles) Demographics

    29 Median Age
    20,870 Population Density (per sq. mile)
    10% College Educated
    $42,220 Estimated Median Income
    4,717 Estimated Total Home Owners
    12,825 Estimated Total Renters
    27% / 73% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    74,117 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $600,000 Median Sales Price
    6 Homes Sold
    25 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,950,000
        2/10/2024 6:36:00 PM New in Database Source: Multiple Listing Service New Value: $1,950,000

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        ** Assumes 7.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 2/28/2024 8:50:09 AM PST. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.