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.