1651 W 11th Place, Los Angeles, CA 90015
List Price: $895K
Listing Status: Active
Original List Price: $925K
0Days on Market: 44
4 Bedrooms · 4 Bathrooms · 4,904 sq ft
Property Type: ResidentialIncome
Year Built: 1911
Lot Size: 6,129 sq ft
MLS Number: 26666377
About This Property
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.
Listing provided by: Sean Namigohar DRE #01949705 310-425-9838 sean@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS #: 26666377
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.