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1651 W 11th Pl 4 Unit Apartment Building $925,000 ($231,250/Unit) 5.53% Cap Rate Los Angeles, CA 90015
Investment Highlights
- A -4Unit Value-Add Apartment Community Just Outside of Downtown LA
- $188 Price Per Square Foot at the Asking Price
- Separately Metered for Gas and Electric
- 4 Large One-Bedroom Units with Living Room, Dining Room, and Laundry Area in Each Unit
- Approximately 1,200 Square Foot Units
- 5.53% Cap Rate with Over 24% Upside in Rents For New Ownership
Executive Summary
4-unit value-add property near Downtown Los Angeles featuring large ~1,200 SF 1-bedroom units with living, dining, and in-unit laundry areas. Separately metered for gas and electric. Offered at $188/SF with a 5.53% cap rate and 24%+ rental upside. ADU potential in the rear. Prime infill location close to major DTLA attractions and employment centers.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$79,920
|
$16.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,398
|
$0.49
|
| Effective Gross Income |
$77,522
|
$15.81
|
| Taxes |
$11,563
|
$2.36
|
| Operating Expenses |
$14,814
|
$3.02
|
| Total Expenses |
$26,377
|
$5.38
|
| Net Operating Income |
$51,145
|
$10.43
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $79,920 |
| Annual Per SF | $16.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,398 |
| Annual Per SF | $0.49 |
| Effective Gross Income | |
|---|---|
| Annual | $77,522 |
| Annual Per SF | $15.81 |
| Taxes | |
|---|---|
| Annual | $11,563 |
| Annual Per SF | $2.36 |
| Operating Expenses | |
|---|---|
| Annual | $14,814 |
| Annual Per SF | $3.02 |
| Total Expenses | |
|---|---|
| Annual | $26,377 |
| Annual Per SF | $5.38 |
| Net Operating Income | |
|---|---|
| Annual | $51,145 |
| Annual Per SF | $10.43 |
Property Facts
| Price | $925,000 | Apartment Style | Low-Rise |
| Price Per Unit | $231,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.53% | Building Size | 4,904 SF |
| Gross Rent Multiplier | 11.57 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Zoning | R4-2, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price | $925,000 |
| Price Per Unit | $231,250 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 11.57 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,904 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1911 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | R4-2, Los Angeles - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 5137-019-020 | Total Assessment | $955,087 (2025) |
| Land Assessment | $817,130 (2025) | Annual Taxes | $11,563 ($2.36/SF) |
| Improvements Assessment | $137,957 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5137-019-020
Land Assessment
$817,130 (2025)
Improvements Assessment
$137,957 (2025)
Total Assessment
$955,087 (2025)
Annual Taxes
$11,563 ($2.36/SF)
Tax Year
2026
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1651 W 11th Pl
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