1651 W 11th Place, Los Angeles, CA 90015
- $895,000
- 4
- BD
- 4
- BA
- 4,904
- SqFt
Listing courtesy of Listing Agent: Sean Namigohar (sean@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
- List Price
- $895,000
- Status
- PENDING
- Days on Market
- 86
- Price Change
- ▼ $30,000 1777419810
- MLS#
- 26666377
- Subtype
- Residential Income
- Year Built
- 1911
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 4,904
- Lot Size
- 6,129
- Acres
- 0.14
- MLS Area Major
- Downtown L.A. (C42)
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.
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Additional Information
- Zoning
- LARD1.5
- Heating
- None
- Stories
- Multi Level
- Levels
- Multi/Split
- Parking Features
- Driveway
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.