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$ 950,000
Est. payment /mo
Active
2106 E 113th Los Angeles, CA 90059
7 Beds
4 Baths
10,295 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26073220
Bedrooms 7
Lot Size 10,295 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Amazing Owner-User or 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. One of the 2-bedroom/1-bathroom units will be delivered entirely vacant! Live in One unit and cash-flow via the two rented units! 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 to increase to 1,204sqft! 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. Perfect owner-user or Investment Opportunity with immediate upside for market-rate leasing. Unmatched Value-Add Potential. This property offers the ultimate blank canvas for investors or owner-users to immediately drive cash flow and force appreciation. Listed at just $372.40/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.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From I-105, exit Alameda St, go south to E 113th St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6067012025
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Michael Padilla, DRE#01993341 Lyon Stahl Investment Real Estate, Inc.
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