3430 11th Ave - Multi-Family FOR SALE


Los Angeles, CA 90018- Leimert Park
$895,000 USD
310-202-9166
3430 11th Ave, Los Angeles, CA for Sale
$895,000 USD
Multi-Family - FOR SALE
1/5
null | 3.55% Cap Rate

3430 11th Ave
Los Angeles, CA 90018
Leimert Park


HIGHLIGHTS

  • Duplex in West Adams - South of Jefferson and West of Arlington Ave
  • Front unit is 1 BR + 1 Bath & back unit is 3 BR + 2 Baths
  • Garage in back can potentially be converted into an ADU Unit
  • 5,402 SF lot that is zoned LAR1
  • Both units have their own washer and dryer
  • Opportunity for an owner-occupier

OVERVIEW

3430 11th Ave is located in the vibrant and rapidly evolving West Adams neighborhood of Los Angeles. The subject property is located just south of Jefferson and west of Arlington Ave. The duplex features two distinct units—a front residence offering 1 bedroom and 1 bathroom, complemented by a rear unit that is a large 3BR + 2 bath unit.. Current rental income reflects strong market positioning but also upside potential with the front unit receiving $2,106 monthly and the rear unit generating $2,388 per month. The total size of the duplex is approximately 1,872 SqFt and it sits on a lot of approximately 5,420-square-foot lot with LAR1 zoning. Both units received extensive interior renovations in 2012 and both units have their own washer and dryers. There is also the opportunity to add am ADU unit to the back garage. 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

$895,000 USD

PRICE/SF

$478 USD /SF

# OF UNITS

2

PRICE/UNIT

$447,500

CAP RATE

3.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3430 11th Ave

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,402 SF

ZONING

LAR1

APN/PARCEL ID

5044-009-012

ASK ABOUT THIS PROPERTY

Jon BloomMiller & Desatnik Realty Corp.More Info
310-202-9166

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Jon BloomMiller & Desatnik Realty Corp.More Info
310-202-9166

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