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30049642
30049638

2104 E 113th St, Los Angeles, CA 90059

CS
CA 02035763
Lyon Stahl Investment Real Estate
MP
CA 01993341
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate
$950,000
95 days on market
Updated 61 days ago
Opportunity zone

2106 E 113th St, Los angeles 90059

Details
APN 6067-012-025
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,551
Net Rentable (SqFt) 2,551
Units 3
Cap Rate 7.63%
NOI $72,503
Occupancy 66%
Pro-Forma Cap Rate 11.97%
Pro-Forma NOI $113,691
Price per SqFt $372
Broker Co-Op Yes
Class C
Year Built 1954
Buildings 3
Stories 1
Lot Size (SqFt) 10,295
Zoning LAR1
Parking Spaces 6 spaces
Parking Per SqFt 2.35
Investment Type Value Add
Ground Lease No
Sale Condition 1031 exchange

Triplex | Vacant unit at COE | RTI Plans

Marketing 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 1,204 sqft! 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.

Investment highlights

  • Oversized 10,295 SF parcel zoned LA R1, providing ample space for current expansions and strong future development

  • One 2-bed/1-bath unit will be delivered entirely vacant, allowing the new owner to immediately command premium market rents.

  • The property comes with fully approved, Ready-To-Issue (RTI) plans to construct a standalone 1,019 SF, 3-bed/2-bath ADU

  • 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.

Listing Contacts

CS
CA 02035763
Lyon Stahl Investment Real Estate
MP
CA 01993341
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,503.00
$6,041.92/mo

Valuation Metrics

0
DSCR
7.63%
Cap Rate
7.63%
ROI

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