Darin Spillman at Kidder Mathews is pleased to present for sale 1419 W. 11th Street, a 6-unit multifamily investment property situated in the Pico-Union neighborhood of Los Angeles, just four blocks from Crypto.com Arena, L.A. Live, and Peacock Theater, in the heart of Downtown L.A.'s sports and entertainment district.
The property is a 1913-built wood-frame building comprising 6,310 rentable square feet on a 6,404 SF lot zoned C1-1, with three separate structures on-site. The property offers investors a rare combination of immediate yield and long-term appreciation potential in one of Los Angeles’ most supply-constrained rental submarkets.
The unit mix consists of two 2-bedroom/1-bath units and four larger units including three 4-bedroom/1-bath and one 5-bedroom/1bath configuration, yielding exceptionally large average unit sizes relative to the neighborhood and strong in-place rental income. Current rents total $15,644 per month ($187,728 annualized), with market rents estimated at $20,200 per month ($242,400 annualized), reflecting meaningful embedded upside.
The property just underwent extensive renovations to the units as well as a new roof in 2025.