1651 W 11th Pl, Los Angeles, CA 90015
1651 W 11th Pl, Los Angeles, CA 90015
1651 W 11th Pl, Los Angeles, CA 90015
10
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$895,000
Est. payment /mo
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4 Beds
4 Baths
4,904 SqFt
Price Dropped by $30K

1651 W 11th Pl Los Angeles, CA 90015

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,904 sqft

Price per Sqft $182

MLS Listing ID 26666377

Bedrooms 4

Year Built 1911

Lot Size 6,129 Sqft

Acres 0.1407

Property Sub-Type Multi-Family

Property Description

Nami Investment Group is proud to present a 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. The property features potential ADU development behind the building towards the back of the lot. The property is separately metered for gas and electric. Offered at a low $182/SF with a 5.8% cap rate, the building provides day-one cash flow and significant future upside in rents and ADU potential. Two units have been meticulously remodeled to achive high market rents. This is a prime infill location close to major DTLA attractions and employment centers.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating None

Cooling Wall Unit(s)

Equipment None

Exterior

Parking Features Driveway

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Herman Singh

Herman Singh

Broker

+1(718) 679-7822

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1651 W 11th Pl