11109 S Broadway

11109 S Broadway, Los Angeles, CA 90061

  • For Sale $1,050,000
  • Property Type Multi-Family
  • Property Size 3,024 SF
  • Units 4
  • Lot Size 0.12 Acre
  • Additional Rent Contact for pricing
  • Building Class B
  • Year Built 1991
  • Date Updated Sep 3, 2024
South LAYoung Lewin Advisors as the exclusive listing agent is 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).

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Highlights

  • Strong in place cash flow - 6.02% cap rate on current rents and a 10.77 GRM
  • All 2 bed/1 bath units
  • Tenants pay for electric, gas, and trash
  • Large 5,426 square foot lot - prime for detached ADU development
  • 18% upside in rents
  • Built in 1991 - not subject to Los Angeles RSO

Contacts

broker

Jack Jorgensen

Young Lewin Advisors

Location

Getting Around

  • Walk Score ®

    63/100 Somewhat Walkable

  • Transit Score ®

    68/100 Good Transit

  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Broadway - Manchester
  • Zip Code 90061
  • Market Los Angeles

Points of Interest

  • Firestone

    2.69 miles

  • Long Beach Boulevard

    4.00 miles

  • Vernon

    5.18 miles

  • Expo Park/USC

    5.81 miles

  • Pico

    7.38 miles

  • 7th Street/Metro Center

    7.99 miles

  • Lakewood Boulevard

    8.06 miles

  • Pershing Square

    8.19 miles

  • Westlake/MacArthur Park

    8.48 miles

  • Soto Station

    8.51 miles

  • Arco

    0.85 miles

  • Chevron

    1.83 miles

  • 76

    1.83 miles

  • Valero

    1.86 miles

  • Chevron

    2.39 miles

  • Sinclair

    2.60 miles

  • 76

    2.84 miles

  • Shell

    2.92 miles

  • Shell

    3.01 miles

  • 76

    3.02 miles

  • Century / Harbor Park And Ride

    0.44 miles

  • Vermont Ave Park And Ride

    0.87 miles

  • Avalon Park And Ride

    0.93 miles

  • Manchester Park And Ride

    1.73 miles

  • Manchester Park And Ride

    1.82 miles

  • Metro Park and Ride

    2.07 miles

  • LADWP Lot

    2.13 miles

  • Willowbrook Park And Ride

    2.28 miles

  • Rosecrans Park And Ride

    2.35 miles

  • SpaceX Visitor Lot

    2.84 miles

  • El Don Motel

    1.08 miles

  • Polaris Motel

    1.32 miles

  • Monterey Motel

    1.70 miles

  • Central Inn

    2.01 miles

  • Travel Inn Motel

    2.72 miles

  • Dream Inn

    2.88 miles

  • Best Western Plus Gardena Inn & Suites

    2.91 miles

  • Palm Inn

    2.99 miles

  • Kings Motel Inglewood

    3.14 miles

  • Touristlodge

    3.33 miles

  • Three Bears Barbeque

    0.72 miles

  • All Flavor No Grease

    0.99 miles

  • Roscoes House of Chicken and Waffles

    1.77 miles

  • El Unico

    1.77 miles

  • The Burger Place

    1.78 miles

  • McDonald's

    1.82 miles

  • McDonald's

    1.88 miles

  • Taqueria El Tacorin

    2.09 miles

  • McDonald's

    2.10 miles

  • Burger King

    2.10 miles

  • Ascension School

    0.28 miles

  • Figueroa Elementary School

    0.29 miles

  • Gompers Middle School

    0.48 miles

  • 107th Street Elementary School

    0.53 miles

  • Alain Leroy Locke High School

    0.64 miles

  • 118th Street Elementary School

    0.69 miles

  • Washington Primary Center

    0.72 miles

  • Barrett Elementary School

    0.92 miles

  • Ninety-Seventh Street Elementary School

    0.92 miles

  • 109th Street Elementary School

    0.97 miles

  • South Bay Universal Development Center

    4.21 miles

  • Vernon Adult Day Program

    5.26 miles

  • Ralph M. Parsons Preschool

    5.36 miles

  • The Learning Box Childcare & Enrichment Center Inc

    5.58 miles

  • HIC Daycare

    6.25 miles

  • Manhattan Academy Infant Center

    6.66 miles

  • Rancho Los Amigos Daycare

    6.92 miles

  • Codela Pre-School

    6.95 miles

  • The Academy at Manhattan Beach

    7.27 miles

  • Creative Kids Preschool

    7.47 miles

Frequently Asked Questions

How much does 11109 S Broadway cost?

The space currently listed for sale at 11109 S Broadway asks for $1,050,000.

What is the total square footage of 11109 S Broadway?

11109 S Broadway totals 3,024 square feet.

When was this property built?

11109 S Broadway was built in 1991.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Jack Jorgensen

Young Lewin Advisors