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1511 W 11th Place Los Angeles, CA 90015
1 Bath
4,551 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26007542
Lot Size 4,551 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
8.20% Cap Rate | Strong In-Place Cash Flow 1511 W 11th Pl presents a rare opportunity to acquire a high-performing 16-unit apartment asset at an exceptional basis in the heart of Pico- Union. Priced at just $107,000 per unit and $250 per square foot, the property offers some of the strongest in-place returns available in the submarket. The building is separately metered for gas and electric and is currently operating at a 7.5 GRM, providing investors with durable day-one cash flow and minimal operational friction. This profile makes the asset ideal for both local investors and 1031 exchange buyers seeking stable income in a dense, supply-constrained market. Ideally located just minutes from Downtown Los Angeles, Koreatown, Silver Lake, and Echo Park, the property benefits from proximity to major employment hubs, consistent rental demand, and ongoing neighborhood revitalizationpositioning 1511 W 11th Pl as a compelling long-term hold.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Pico Blvd and West of Union Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5137020016
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc.