1651 W 11th Pl
Los Angeles, CA 90015
Pico-Union
HIGHLIGHTS
- A -4Unit Value-Add Apartment Community Just Outside of Downtown LA
- 4 Large One-Bedroom Units with Living Room, Dining Room, and Laundry Area in Each Unit
- $188 Price Per Square Foot at the Asking Price
- Approximately 1,200 Square Foot Units
- Separately Metered for Gas and Electric
- 5.53% Cap Rate with Over 24% Upside in Rents For New Ownership
OVERVIEW
4-unit value-add property near Downtown Los Angeles featuring large ~1,200 SF 1-bedroom units with living, dining, and in-unit laundry areas. Separately metered for gas and electric. Offered at $188/SF with a 5.53% cap rate and 24%+ rental upside. ADU potential in the rear. Prime infill location close to major DTLA attractions and employment centers.
FOR SALE DETAILS
PRICE
$925,000 USD
PRICE/SF
$189 USD /SF
# OF UNITS
4
PRICE/UNIT
$231,250
CAP RATE
5.53%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1911
PARKING SPACES
4
LAND DETAILS
LAND ACRES
0.14 AC
LAND SF
6,098 SF
ZONING
R4-2, Los Angeles
APN/PARCEL ID
5137-019-020
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310-279-7779
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310-279-7779
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