Log In/Sign Up
Your email has been sent.
3430 11th Ave - 3430 11th Ave 2 Unit Apartment Building Offered at $870,000 at a 3.65% Cap Rate Los Angeles, CA 90018
INVESTMENT HIGHLIGHTS
- Duplex in West Adams - South of Jefferson and West of Arlington Ave
- Garage in back can potentially be converted into an ADU Unit
- Both units have their own washer and dryer
- Front unit is 1 BR + 1 Bath & back unit is 3 BR + 2 Baths
- 5,402 SF lot that is zoned LAR1
- Opportunity for an owner-occupier
EXECUTIVE SUMMARY
3430 11th Ave is located in the vibrant and rapidly evolving West Adams neighborhood of Los Angeles. The subject property is located just south of Jefferson and west of Arlington Ave.
The duplex features two distinct units—a front residence offering 1 bedroom and 1 bathroom, complemented by a rear unit that is a large 3BR + 2 bath unit.. Current rental income reflects strong market positioning but also upside potential with the front unit receiving $2,106 monthly and the rear unit generating $2,388 per month.
The total size of the duplex is approximately 1,872 SqFt and it sits on a lot of approximately 5,420-square-foot lot with LAR1 zoning. Both units received extensive interior renovations in 2012 and both units have their own washer and dryers. There is also the opportunity to add am ADU unit to the back garage.
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.
The duplex features two distinct units—a front residence offering 1 bedroom and 1 bathroom, complemented by a rear unit that is a large 3BR + 2 bath unit.. Current rental income reflects strong market positioning but also upside potential with the front unit receiving $2,106 monthly and the rear unit generating $2,388 per month.
The total size of the duplex is approximately 1,872 SqFt and it sits on a lot of approximately 5,420-square-foot lot with LAR1 zoning. Both units received extensive interior renovations in 2012 and both units have their own washer and dryers. There is also the opportunity to add am ADU unit to the back garage.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $870,000 | Property Type | Multifamily |
| Price Per Unit | $435,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 1,872 SF |
| Cap Rate | 3.65% | No. Stories | 2 |
| Gross Rent Multiplier | 16.78 | Year Built | 1948 |
| No. Units | 2 | Opportunity Zone |
Yes
|
| Zoning | LAR1 - LARD 1 | ||
| Price | $870,000 |
| Price Per Unit | $435,000 |
| Sale Type | Investment |
| Cap Rate | 3.65% |
| Gross Rent Multiplier | 16.78 |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.12 AC |
| Building Size | 1,872 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Opportunity Zone |
Yes |
| Zoning | LAR1 - LARD 1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $2,106 | - |
| 3+2 | 1 | $2,338 | - |
Walk Score®
Very Walkable (77)
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
3430 11th Ave - 3430 11th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.