2104 E 113th St - Multi-Family FOR SALE


Los Angeles, CA 90059- Willowbrook
$1,050,000 USD
310-259-7556
2104 E 113th St, Los Angeles, CA for Sale
$1,050,000 USD
Multi-Family - FOR SALE
1/25
null | 6.79% Cap Rate

2104 E 113th St
Los Angeles, CA 90059
Willowbrook


HIGHLIGHTS

  • The RTI plans also include adding 538 SF to one of the existing 2-bed/1-bath units, further driving forced appreciation and rental income.
  • The property comes with fully approved, Ready-To-Issue (RTI) plans to construct a standalone 1,019 SF, 3-bed/2-bath ADU
  • One 2-bed/1-bath unit will be delivered entirely vacant, allowing the new owner to immediately command premium market rents.
  • Oversized 10,295 SF parcel zoned LA R1, providing ample space for current expansions and strong future development

OVERVIEW

An exceptional value-add investment opportunity awaits at 2104 E 113th St, an income-producing 3-unit property situated on a massive 10,295 SF lot in a rapidly appreciating Los Angeles submarket. Unmatched Value-Add Potential This property offers the ultimate blank canvas for investors or owner-users to immediately drive cash flow and force appreciation. One of the 2-bedroom/1-bathroom units will be delivered entirely vacant, providing immediate upside for market-rate leasing. The true crown jewel of this offering, however, is the fully approved, Ready-To-Issue (RTI) plans (See Attached). The site is shovel-ready to construct a brand new 1,019 SF detached 3-bedroom/2-bathroom ADU, alongside a 538 SF expansion to an existing 2-bedroom unit. This allows an investor to effortlessly transform the asset into a high-yielding, 4-unit compound without the typical delays of the city entitlement process. Listed at just $411.60/SF, the subject property offers a significant discount against the market average of $475.62/SF. Strategically located It sits just minutes from the monumental developments transforming Inglewood and the South Bay, including the $5 billion SoFi Stadium, the cutting-edge $2 billion Intuit Dome, and the sprawling 300-acre Hollywood Park entertainment district. With the 2028 Summer Olympics on the horizon and billions flowing into LAX infrastructure, this centralized hub is a magnet for highly qualified tenants and explosive economic growth

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$412 USD /SF

# OF UNITS

3

PRICE/UNIT

$350,000

CAP RATE

6.79%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2104 E. 113th St, Los Angeles 90059

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,295 SF

ZONING

LAR1

APN/PARCEL ID

6067-012-025

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.