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1840 W 11th Pl 6 Unit Apartment Building $1,500,000 ($250,000/Unit) 6.10% Cap Rate Los Angeles, CA 90006
Executive Summary
An 1900 Pico-Union Victorian operated as 6 legal units across 11 income keys — four self-contained studios, two units rented by the bedroom (private baths, shared kitchens) and a live/work loft — now 100% occupied. New kitchens, baths, wood-look flooring and ductless mini-splits; turn-key with low near-term capital needs.
Property Facts
| Price | $1,500,000 | Property Subtype | Apartment |
| Price Per Unit | $250,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.10% | Lot Size | 0.10 AC |
| Gross Rent Multiplier | 8.41 | Building Size | 3,744 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Zoning | LARD1.5 | ||
| Price | $1,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 8.41 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,744 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 170 |
| 1+1 | 1 | - | 1,150 |
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Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5136-021-016 | Improvements Assessment | $172,268 |
| Land Assessment | $689,388 | Total Assessment | $861,656 |
Property Taxes
Parcel Number
5136-021-016
Land Assessment
$689,388
Improvements Assessment
$172,268
Total Assessment
$861,656
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1840 W 11th Pl