1651 W 11th Pl - Apartments FOR SALE


Los Angeles, CA 90015- Pico-Union
$895,000 USD
310-279-7779
1651 W 11th Pl, Los Angeles, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/15
null | 5.76% Cap Rate

1651 W 11th Pl
Los Angeles, CA 90015
Pico-Union


HIGHLIGHTS

  • A 4-Unit Value-Add Opportunity Just Outside of Downtown LA
  • All One-Bedroom Units with Living Room, Dining Room, and Laundry Area
  • Over 1,200 Square Feet One-Bedroom Units
  • $182 Price Per Square Foot at the Asking Price
  • ADU Development Potential in the Back of the Lot
  • Separately Metered for Gas and Electric

OVERVIEW

1651 W 11th Place presents a prime opportunity to acquire a value-add four-unit apartment property strategically located near Downtown Los Angeles. The building offers a total of approximately 4,904 square feet on a 6,129-square-foot lot and consists of four spacious 1-bedroom, 1-bathroom units, each averaging around 1,200 square feet with individual living and dining rooms, in-unit laundry, and full kitchens. Two units have been extensively remodeled to achieve premium rents, while two additional units provide upside through renovations. The property is separately metered for gas and electricity, reducing operational overhead. Investors will appreciate the potential for ADU development at the rear of the lot, which can increase future cash flow and property value. Situated in a high-demand area with excellent access to major employment centers, public transportation, and attractions such as LA LIVE and the Crypto.com Arena, this property stands out as a strong long-term investment with both immediate income and redevelopment potential.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

5.76%

% 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

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5137-019-020

ASK ABOUT THIS PROPERTY

Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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