1419-1421 1/2 W 11th St - Apartments FOR SALE


Los Angeles, CA 90015- Pico-Union
$1,855,000 USD
310-592-8269
1419-1421 1/2 W 11th St, Los Angeles, CA for Sale
$1,855,000 USD
Apartments - FOR SALE
1/13
null | 6.1% Cap Rate

1419-1421 1/2 W 11th St
Los Angeles, CA 90015
Pico-Union


HIGHLIGHTS

  • Located 4 blocks from Crypto.com Arena, L.A. Live, Peacock Theater, and the heart of Downtown LA’s entertainment district
  • Exceptionally large units — current rent roll reflects 2BR, 4BR, and 5BR configurations — well above submarket average unit sizes
  • Strong in-place cash flow — current NOI of approximately $112,191 on estimated expenses; 6.1% going-in cap rate at $1,855,000
  • Meaningful rent-to-market upside — current rents estimated approximately 23% below market on a gross income basis
  • New roof and extensive unit interior upgrades in 2025
  • Turnkey investment — long-term stable tenancy

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,855,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

6

PRICE/UNIT

$309,167

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Large Units Averaging Over 1,050 SF Each

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LAC1

APN/PARCEL ID

5137-012-007

ASK ABOUT THIS PROPERTY

Darin SpillmanKidder MathewsMore Info
310-592-8269

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Darin SpillmanKidder MathewsMore Info
310-592-8269

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