Log In/Sign Up
Your email has been sent.
1511 W 11th Pl 16 Unit Apartment Building $1,726,000 ($107,875/Unit) 8.20% Cap Rate Los Angeles, CA 90015
INVESTMENT HIGHLIGHTS
- The property is approximately 6,852 SF, sitting on a 4,551 SF lot and comprises of (16) Studio Units
- Conveniently located in South Los Angeles, the property is surrounded by restaurants, shopping centers, and major metropolitan hubs
- It offers a going-in cap rate of 8.20% and a GRM of 7.55, with 38% in Rental Upside
EXECUTIVE SUMMARY
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 revitalization—positioning 1511 W 11th Pl as a compelling long-term hold.
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 revitalization—positioning 1511 W 11th Pl as a compelling long-term hold.
PROPERTY FACTS
| Price | $1,726,000 | Property Subtype | Apartment |
| Price Per Unit | $107,875 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.20% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 7.55 | Building Size | 6,852 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Zoning | R4 | ||
| Price | $1,726,000 |
| Price Per Unit | $107,875 |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| Gross Rent Multiplier | 7.55 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 6,852 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 5137-020-016 | Improvements Assessment | $502,418 |
| Land Assessment | $502,418 | Total Assessment | $1,004,836 |
PROPERTY TAXES
Parcel Number
5137-020-016
Land Assessment
$502,418
Improvements Assessment
$502,418
Total Assessment
$1,004,836
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1511 W 11th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.