11143 Van Buren Ave - Apartments FOR SALE


Los Angeles, CA 90044- Westmont
$1,950,000 USD
310-801-7373
11143 Van Buren Ave, Los Angeles, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/11
null | 7.15% Cap Rate

11143 Van Buren Ave
Los Angeles, CA 90044
Westmont


HIGHLIGHTS

  • 3-Plex and 4-Plex on Adjacent Lots
  • Option for Residential and Commercial Financing
  • All Section 8 Tenants; All Due for Next Rent Increase
  • Excellent Units Mix of all 2 Bedroom Units
  • Possibility to Add 7 ADUs (buyer to verify)
  • Zoned LC R320U* Total Lot Size is 17,713 Sq. Ft. An Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing

OVERVIEW

An exceptional chance to acquire two properties on adjacent lots at 11143 & 11137 Van Buren Ave, Los Angeles, CA 90044. This 7-unit portfolio consists of a 3-plex and a 4-plex, offering strong current income of $16,671/month and future development opportunities. This investment is Eligible for Both Residential & Commercial Financing. Total Building Size: 6,468 sq. ft. | Total Lot Size: 17,713 sq. ft Excellent Unit Mix of All 2-Bedroom, 1-Bathroom Units-All Section 8 Tenants – Ensuring Reliable Rental Income(Properties can be sold together or separately) Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to Add Up to 7 ADUs (Buyer to Verify) Prime Location – Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$730 USD /SF

# OF UNITS

7

PRICE/UNIT

$278,571

CAP RATE

7.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11143-11137 Van Buren Ave, Los Angeles 90044

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

LCR320U*

APN/PARCEL ID

6076-019-031

ASK ABOUT THIS PROPERTY

Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

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Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.