2918 11th Ave - Apartments FOR SALE


Los Angeles, CA 90018- West Adams
$875,000 USD
310-202-9166
2918 11th Ave, Los Angeles, CA for Sale
$875,000 USD
Apartments - FOR SALE
1/6
null | 4.12% Cap Rate

2918 11th Ave
Los Angeles, CA 90018
West Adams


HIGHLIGHTS

  • Charming Duplex in West Adams
  • Both units are spacious 2 BR + 1 Baths
  • ADU potential. Back garage can be converted into a studio or 1 BR + 1 Bath unit
  • 5,420 SF lot - Zoned: LARD3
  • Updated electrical system and both units have their own washer and dryer
  • Potential for an owner-occupier.

OVERVIEW

2818 11th Ave is located in the vibrant and rapidly evolving West Adams neighborhood of Los Angeles. The subject property is located just south of Adams Blvd and west of Arlington Ave. The duplex features two units—a front residence offering 2 bedrooms and 1 bathroom, complemented by a rear unit that is also 2 BR + 1 baths. The front unit is receiving $2,458 monthly and the rear unit is generating $2,356 per month in rent. Recent renovations include a new electrical system and the installment of washers and dryers in both units. The property encompasses approximately 1,668 square feet of total living space on a generous 5,420-square-foot lot with LARD3 zoning. New ownership had the potential of converting the existing 400-square-foot rear garage into a sophisticated 1-bedroom, 1-bathroom ADU (Accessory Dwelling Unit), presenting immediate upside potential for discerning investors. This exceptional duplex represents an ideal acquisition for both owner-occupiers seeking to offset their housing costs and astute multifamily investors recognizing the tremendous value-add potential in the rapidly evolving West Adams neighborhood.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$525 USD /SF

# OF UNITS

2

PRICE/UNIT

$437,500

CAP RATE

4.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,401 SF

ZONING

LARD 3

APN/PARCEL ID

5051-023-001

ASK ABOUT THIS PROPERTY

Errol SpiroMiller & Desatnik Realty Corp.More Info
310-202-9166

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Errol SpiroMiller & Desatnik Realty Corp.More Info
310-202-9166

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