1516 W 11th Place, Los Angeles, CA 90015
List Price: $885K
Listing Status: Active
Original List Price: $959K
0Days on Market: 80
9 Bedrooms · 5 Bathrooms · 3,700 sq ft
Property Type: ResidentialIncome
Year Built: 1912
Lot Size: 6,253 sq ft
Private Pool: Yes
MLS Number: 26651923
About This Property
1516 W 11th Place presents a true value-add investment opportunity in the heart of Los Angeles. This 4-unit property includes one vacant unit and three tenant-occupied units generating immediate in-place income. The vacant unit provides day-one upside through market rent placement or owner-user flexibility. Rent will be increased 3% in March. The remaining occupied units offer additional long-term rental growth potential, subject to local regulations + Rent Control. Ideal for investors looking to implement a strategic repositioning plan and increase overall cash flow. All occupied units will be delivered with tenants in place. Seller does not guarantee delivery of any additional units vacant at close of escrow. Buyer to assume existing tenancies and conduct their own independent investigation regarding occupancy, rent control guidelines, tenant rights, and any relocation or vacancy strategies. Located in a high-demand rental corridor with strong fundamentals and proximity to Downtown LA, Koreatown, major transit routes, employment hubs, and neighborhood amenities. An excellent opportunity for investors seeking income stability with clear upside potential in a core Los Angeles market. Cash for keys may be an option for tenants in place. Buyer to verify.
Listing provided by: Cassie Corsaro DRE #02047543 310-278-8861 CassieC@nestseekers.com, Nest Seekers
Source: CRMLS, MLS #: 26651923