$ 899,000
-
$899,000
Price -
9
Bed -
5
Bath -
3,700
SqFt
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About the Listing CLW-X78650 - CLW-C143914,CLW-C138975
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 Highlights
Status
Pending
Days on Site
51
Property Type
Multi-Family
MLS ®
26651923
Year Built
1912
Total Square Footage
3,700
Lot/Acreage
0.14
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 9
- Bathrooms: 5 Full
- Appliances: Microwave, Oven
- Air Cond:
- Heating: Central
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR4
- Roof:
- Others: Fixer,Updated/Remodeled,2+ Total Units
- Sewer:
- Parking Features: Driveway,Guest
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5137025017
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
1516 W 11th Pl Los Angeles, CA 90015
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