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… Read More 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 Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Padilla 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Property Type
Triplex
Lot Size
0.24 Acres
Year Built
1954
MLS Number
SB26045450
Additional Details
Building
Built in 1954, 3 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: Ground Level
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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