2104 E 113th St - 2104 E. 113th St, Los Angeles 90059 3 Unit Apartment Building Offered at $1,435,906 CAD at a 6.79% Cap Rate Los Angeles, CA 90059

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