2918 11th Ave 2 Unit Apartment Building $825,000 ($412,500/Unit) 5.13% Cap Rate Los Angeles, CA 90018

2818 11th Ave is located in the vibrant and rapidly evolving West Adams neighborhood of Los Angeles. The subject property is located just south of Adams Blvd and west of Arlington Ave.
The duplex features two units—a front residence offering 2 bedrooms and 1 bathroom that is currently VACANT and perfect for an owner-occupier with a projected rent of $3,000. The rear unit is also 2 BR + 1 baths and is currently generating $2,356 per month in rent. Recent renovations include a new electrical system and the installment of washers and dryers in both units. The property encompasses approximately 1,668 square feet of total living space on a generous 5,420-square-foot lot with LARD3 zoning.
New ownership had the potential of converting the existing 400-square-foot rear garage into a sophisticated 1-bedroom, 1-bathroom ADU (Accessory Dwelling Unit), presenting immediate upside potential for discerning investors. This exceptional duplex represents an ideal acquisition for both owner-occupiers seeking to offset their housing costs and astute multifamily investors recognizing the tremendous value-add potential in the rapidly evolving West Adams neighborhood.