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1820 W 11th St 9 Unit Apartment Building $1,495,000 ($166,111/Unit) 8.60% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- 9-Units at an Actual 8.60% CAP RATE, 7.7 GRM
- Highest CAP Rate in Pico-Union
- Low Maintance Cost with New Building Systems Completed
- Large Parking Lot On-Site - Potential ADU Play
- Over $530,000 of Capital Improvements
- New Re-piped Plumbing, New Electrical Upgrades and New HVAC
EXECUTIVE SUMMARY
This beautifully renovated 9-unit Victorian combines historic charm with modern high-end finishes, offering a rare 8.60% CAP Rate with actual expenses and 7.7 GRM. There is a large parking lot on-site to allow a Buyer to use for potential ADUs.
The building has had over $530,000 of capital improvements completed, with major upgrades including new re-piped plumbing and new electrical systems to ensure low maintenance costs.
This is an opportunity to acquire a stabilized multifamily investment with strong returns. The property delivers immediate cash flow and long-term value in today’s competitive market. On-site parking for (6) six spots, further enhances tenant demand and sets the building apart from comparable assets. With its blend of character, modern upgrades, and strong financial performance, this property is an ideal turnkey investment opportunity.
The building has had over $530,000 of capital improvements completed, with major upgrades including new re-piped plumbing and new electrical systems to ensure low maintenance costs.
This is an opportunity to acquire a stabilized multifamily investment with strong returns. The property delivers immediate cash flow and long-term value in today’s competitive market. On-site parking for (6) six spots, further enhances tenant demand and sets the building apart from comparable assets. With its blend of character, modern upgrades, and strong financial performance, this property is an ideal turnkey investment opportunity.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$192,366
|
$51.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,749
|
$1.54
|
| Effective Gross Income |
$186,617
|
$49.96
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$58,081
|
$15.55
|
| Net Operating Income |
$128,536
|
$34.41
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $192,366 |
| Annual Per SF | $51.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,749 |
| Annual Per SF | $1.54 |
| Effective Gross Income | |
|---|---|
| Annual | $186,617 |
| Annual Per SF | $49.96 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $58,081 |
| Annual Per SF | $15.55 |
| Net Operating Income | |
|---|---|
| Annual | $128,536 |
| Annual Per SF | $34.41 |
PROPERTY FACTS
| Price | $1,495,000 | Apartment Style | Garden |
| Price Per Unit | $166,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 8.60% | Building Size | 3,626 SF |
| Gross Rent Multiplier | 7.7 | Average Occupancy | 89% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1906/2023 |
| Property Subtype | Apartment | Parking Ratio | 2.21/1,000 SF |
| Zoning | C1-1-HPOZ - Commercial | ||
| Price | $1,495,000 |
| Price Per Unit | $166,111 |
| Sale Type | Investment |
| Cap Rate | 8.60% |
| Gross Rent Multiplier | 7.7 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,626 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1906/2023 |
| Parking Ratio | 2.21/1,000 SF |
| Zoning | C1-1-HPOZ - Commercial |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Ceiling Fans
- Granite Countertops
- Sprinkler System
- Stainless Steel Appliances
- Trash Compactor
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Community-Wide WiFi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 302 |
| 1+1 | 5 | - | 314 - 786 |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 5136-020-022 | Improvements Assessment | $189,635 (2025) |
| Land Assessment | $752,972 (2025) | Total Assessment | $942,607 (2025) |
PROPERTY TAXES
Parcel Number
5136-020-022
Land Assessment
$752,972 (2025)
Improvements Assessment
$189,635 (2025)
Total Assessment
$942,607 (2025)
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1820 W 11th St
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