1820 W 11th St - Apartments FOR SALE


Los Angeles, CA 90006- Pico-Union
$1,495,000 USD
310-279-7779
1820 W 11th St, Los Angeles, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/38
null | 8.6% Cap Rate

1820 W 11th St
Los Angeles, CA 90006
Pico-Union


HIGHLIGHTS

  • 9-Units at an Actual 8.60% CAP RATE, 7.7 GRM
  • Large Parking Lot On-Site - Potential ADU Play
  • Highest CAP Rate in Pico-Union
  • Over $530,000 of Capital Improvements
  • Low Maintance Cost with New Building Systems Completed
  • New Re-piped Plumbing, New Electrical Upgrades and New HVAC

OVERVIEW

This beautifully renovated 9-unit Victorian combines historic charm with modern high-end finishes, offering a rare 8.60% CAP Rate with actual expenses and 7.7 GRM. There is a large parking lot on-site to allow a Buyer to use for potential ADUs. The building has had over $530,000 of capital improvements completed, with major upgrades including new re-piped plumbing and new electrical systems to ensure low maintenance costs. This is an opportunity to acquire a stabilized multifamily investment with strong returns. The property delivers immediate cash flow and long-term value in today’s competitive market. On-site parking for (6) six spots, further enhances tenant demand and sets the building apart from comparable assets. With its blend of character, modern upgrades, and strong financial performance, this property is an ideal turnkey investment opportunity.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

9

PRICE/UNIT

$166,111

CAP RATE

8.6%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C1-1-HPOZ

APN/PARCEL ID

5136-020-022

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.