1311 Ingraham St - Apartments FOR SALE


Los Angeles, CA 90017- City West
$1,750,000 USD
310-968-5303
1311 Ingraham St, Los Angeles, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1311 Ingraham St
Los Angeles, CA 90017
City West


HIGHLIGHTS

  • Part of a 5 building portfolio with a total of 210 units available separately or in conjunction with the other properties
  • 21-unit apartment building constructed in 1922 with classic early-century character
  • Efficient studio and one-bedroom layouts generally ranging from ~390–530 SQFT
  • Located in the Westlake neighborhood just minutes from Downtown Los Angeles
  • Positioned within a high-demand renter market driven by central location and connectivity
  • Value-add potential through unit upgrades and operational improvements in a supply-constrained urban submarket

OVERVIEW

Part of a 5 building portfolio with a total of 210 units available separately or in conjunction with the other properties. Jonathan Taksa and Rob Renshaw are pleased to present 1311 Ingraham St, a 21-unit multifamily property in Los Angeles’ Westlake neighborhood, constructed in 1922 and offering a compact but well-located residential asset in close proximity to Downtown LA. The building is comprised primarily of smaller units, with individual residences generally ranging from approximately 390 to 530 square feet, serving a deep renter demographic drawn to Central LA living. The property benefits from being in a highly walkable and transit-rich location, with a Walk Score and Transit Score in the mid-90s, reflecting frequent access to Metro rail and bus service as well as pedestrian-oriented connectivity to the broader Los Angeles job market. Its immediate surroundings include a mix of residential, institutional, and commercial uses typical of Westlake and the adjacent City West/Downtown corridors, with easy access to major employment centers, cultural destinations, and civic amenities. Nearby points of interest include the vibrant core of Downtown Los Angeles with its theaters, museums, historic districts, and restaurants, as well as green spaces like MacArthur Park within a short walk. The property’s location also places it near educational and medical institutions, mixed-use developments, and emerging new residential communities contributing to localized demand. As an investment, 1311 Ingraham St offers a centrally located residential cash flow profile with exposure to ongoing growth in central LA rental demand. The building’s proximity to Downtown and high transit accessibility support broad renter appeal, while unit sizes and configuration provide flexibility for repositioning or modernization programs. In addition, the Westlake/City West area continues to see development and infrastructure activity that can support long-term rent growth and asset value stability.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

21

PRICE/UNIT

$83,333

CAP RATE

Request Cap Rate

% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,924 SF

ZONING

R5-4, Los Angeles

APN/PARCEL ID

5143-014-006

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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