Address
1663 West 11TH Place Los Angeles, CA
Price
$ 3,700,000
Property Attributes
  • MLS#0020558254
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90015
  • Style
  • Price$ 3,700,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Marcus & Millichap
Property Description

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 4.96% Cap Rate and 11.93 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

Price History
9/16/2020 Listed $3,700,000

General Features

MLS Area C42 - Downtown L.A.
Senior Community Y/N No
Sewer None
Zoning LARD1.5

Interior Features

Total Stories 3

Exterior Features

Land Lease Type Fee
Lot Size Acres 0.17
Lot Size Area 7415.0
Lot Size Square Feet 7415.0
Lot Size Units Square Feet
Numberofunitsbuildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90015

Price
AVG $2.9M
$3.7M
Visits
AVG 73
7
Year Built
AVG 1913
1914
Walkscore
AVG 89
93
Data Provided by Walkscore ® not using MLS data

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