1651 W 11th Pl, Los Angeles, CA 90015
Los Angeles, CA$925,000
Property Description
Investment Highlights
- A -4Unit Value-Add Apartment Community Just Outside of Downtown LA
- $188 Price Per Square Foot at the Asking Price
- Separately Metered for Gas and Electric
- 4 Large One-Bedroom Units with Living Room, Dining Room, and Laundry Area in Each Unit
- Approximately 1,200 Square Foot Units
- 5.53% Cap Rate with Over 24% Upside in Rents For New Ownership
Executive Summary
4-unit value-add property near Downtown Los Angeles featuring large ~1,200 SF 1-bedroom units with living, dining, and in-unit laundry areas. Separately metered for gas and electric. Offered at $188/SF with a 5.53% cap rate and 24%+ rental upside. ADU potential in the rear. Prime infill location close to major DTLA attractions and employment centers.
Property Features
- Sale Price: $925,000
- Area Size: 4,904 sq ft
- Land Area: 0.14 acres
- Year Built: 1911
- Units: 4
