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1669-1683 11th St 10,154 SF 80% Leased Retail Building Los Angeles, CA 90015 $2,400,000 ($236.36/SF) 5.21% Cap Rate
Investment Highlights
- 10 Residential Units + 6 Retail Storefronts
- Three Renovated, Lease-Ready Retail Suites
- Long-Term Ownership & Pride of Ownership
- Existing Cash Flow with Retail Lease-Up Upside
- Prominent Corner Location in Pico-Union
- Recent Capital Improvements & Individually Metered Utilities
Executive Summary
1669–1683 W. 11th Street presents a mixed-use investment opportunity in the Pico-Union neighborhood of Los Angeles. The Property consists of ten residential units above six ground-floor retail storefronts totaling approximately 10,154 SF on a 5,385 SF corner lot. Current tenancy provides in-place cash flow with additional upside through the lease-up of three renovated retail suites.
Recent ownership improvements include refreshed storefronts, upgraded electrical infrastructure, maintained building systems, and individually metered residential and retail services. The Property benefits from a prominent corner location with proximity to Downtown Los Angeles, USC, the Santa Monica Freeway (I-10), and Harbor Freeway (I-110).
Recent ownership improvements include refreshed storefronts, upgraded electrical infrastructure, maintained building systems, and individually metered residential and retail services. The Property benefits from a prominent corner location with proximity to Downtown Los Angeles, USC, the Santa Monica Freeway (I-10), and Harbor Freeway (I-110).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,154 SF
Building Class
C
Year Built/Renovated
1925/2025
Price
$2,400,000
Price Per SF
$236.36
Cap Rate
5.21%
NOI
$125,040
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.12 AC
Zoning
LACR - Commercial zoning permitting a variety of retail, office, service, and mixed-use residential uses, subject to applicable City of LA regulations.
Frontage
129’ on 11th St
Amenities
- Corner Lot
- Skylights
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5137-018-011 | Improvements Assessment | $44,305 |
| Land Assessment | $221,584 | Total Assessment | $265,889 |
Property Taxes
Parcel Number
5137-018-011
Land Assessment
$221,584
Improvements Assessment
$44,305
Total Assessment
$265,889
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1669-1683 11th St
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