34.048046 -118.27735

1663 W 11TH PL Los Angeles, CA 90015

264042751 34.048046 -118.27735 213 /listing/264042751-150239411/1663-w-11th-pl-los-angeles-ca-90015 False 0 4100000.0 12504 105 3 26 20558254 False
  • $4,100,000
  • 3 bd
  • 26 ba
  • 12,504 sqft
  • 7,415 lot
  • Est payment $22009.69/mo

Property & Neighborhood Info

Courtesy Of Marcus & Millichap

Multi-Family in Los Angeles

I am pleased to present the opportunity to acquire 1663 West 11th Place, a 26-unit apartment community situated less than one mile from Downtown Los Angeles. Originally built in 1914, the subject property features on-site laundry, rooftop solar panels, and is individually metered for electric. Available at an attractive 4.27% Cap Rate and 13.22 GRM on current income and expenses, the property allows an investor to acquire a sizable apartment community in an improving location. 1663 West 11th Place is well positioned to provide immediate and consistent returns for investors. The property offers investors a unique opportunity to acquire immediate scale with excellent in-place returns and rental upside remaining. *The property currently operates as 26 units; however, the original certificate of occupancy indicates there are 25 apartment units while the LA County Assessor's records indicate there are 29 units at the property. Buyer must conduct their own due diligence regarding this matter

Courtesy Of Marcus & Millichap
  1. 3 Beds
  2. 26 Baths
  3. 12,504 Sq. Ft.
  4. 7,415 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1914
  • Floors: 3
  • County: Los Angeles County
  • Units: 26
  • Zoning: LARD1.5
  • MLS Number:20558254

Additional Features

  • Cooling:
    • Wall Unit(s)
  • Interior Features:
    • Other
  • Parking Spaces:
    • 0
  • Heating:
    • Other
  • Gross Income:
    • 303077.00
  • Net Operating Income:
    • 175127.00
  • Annual Expenses:
    • 127950.00
  • Special Conditions:
    • Standard Sale
  • Cap Rate:
    • 4.27
  • Listing Agent License Number:
    • 01406343
  • LP Per SQFT:
    • 327.9
  • SQFT Source:
    • Vendor Enhanced
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Let us help you!
Steven Spreafico
Steven Spreafico
Your #1 Doheny Estates, Sunset Strip specialist!
9229 Sunset Blvd. #320 WEST HOLLYWOOD CA 90069
34.048046 -118.27735

1663 W 11TH PL Los Angeles, CA 90015

264042751 34.048046 -118.27735 213 /listing/264042751-150239411/1663-w-11th-pl-los-angeles-ca-90015 False 0 4100000.0 12504 105 3 26 20558254 False
  • $4,100,000
  • 3 bd
  • 26 ba
  • 12,504 sqft
  • 7,415 lot
  • Est payment $22009.69/mo