2106 E 113thLos Angeles, CA 90059

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.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1954

Stories

1

Building area

2,551 Sq Ft

Lot size

0.24 acres

Days on market

171

MLS^® Listing#

SB26073220

Property Features

Cooling

None

Heating

Wall Furnace

Fireplace

None

Pool

None

Parking

Driveway · Paved · Unpaved

Laundry

Inside

Community

Sidewalks

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

6067012025

Directions

From I-105, exit Alameda St, go south to E 113th St.