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$ 895,000
Est. payment /mo
Price Dropped by $30K
1651 W 11th PL Los Angeles, CA 90015
4 Beds
4 Baths
4,904 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,904 sqft
Price per Sqft $182
MLS Listing ID 26666377
Bedrooms 4
HOA Y/N No
Year Built 1911
Lot Size 6,128 Sqft
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 C42 - Downtown L.A.
Zoning LARD1.5
Interior
Heating None
Fireplace No
Exterior
Parking Features Driveway
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5137019020
Special Listing Condition Standard
Listed by Sean Namigohar Lyon Stahl Investment Real Estate, Inc. #01949705
Mauri Tamborra
Broker Associate, REALTOR®, CNE, CDPE, EcoBroker, RE/MAX Circle of Legends | License ID: CA DRE 02132134|CO DRE 042397