1651 W 11th PL, Los Angeles, CA 90015
1651 W 11th PL, Los Angeles, CA 90015
1651 W 11th PL, Los Angeles, CA 90015
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Diego Magdaleno

Diego Magdaleno

+1(714) 376-8652
$895,000
Est. payment /mo
4 Beds
4 Baths
4,904 SqFt
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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

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Listed by Sean Namigohar Lyon Stahl Investment Real Estate, Inc. #01949705

NEARBY SCHOOLS & PROPERTIES

Diego Magdaleno

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