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6119 11th Ave
Los Angeles, CA 90043
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Strong road frontage on 11th Ave
- Close proximity to Interstates 10, 110, 405, and freeway 42
Executive Summary
Exceptional investment opportunity in a prime Los Angeles location! Located on 11th avenue in a rapidly growing area, this residentially zoned property currently features 3 units and offers significant development potential under the city's new density program. With the capacity to add up to 17 new units, this site benefits from substantial parking reductions and streamlined ministerial approval. It's an ideal project for seasoned developers looking to leverage density bonuses and expand their housing portfolio. Don’t miss out on this valuable opportunity—contact us today for more details!
Great opportunity to develop this property, continue to rent it out or turn it into a family compound. ED1 Eligible and for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions. (See Docs) The property consists of 3 buildings. The addresses are 6119, 6119 1/4, 6119 1/2, 6119 3/4. Originally 6119 was converted from a 2 bedroom /1 bath to a 1 bedroom /1 bath plus an ADU addressed 6119 1/4 that is also a 1 bedroom /1 bath. Permits were pulled for the conversion but no final was done so a certificate of occupancy has not yet been issued. 6119 1/2 is a 2 bedroom / 1 bath unit. 6119 and 6119 1/4 are rented out month to month. 6119 3/4 is a 1 bedroom / 1 bath unit above the garage that was converted into 3 bedrooms and 1 bath and it is being rented out on Airbnb as a 30day + rental. The garage spaces below 6119 3/4 are being used as storage.
Call listing agent for more information.
Great opportunity to develop this property, continue to rent it out or turn it into a family compound. ED1 Eligible and for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions. (See Docs) The property consists of 3 buildings. The addresses are 6119, 6119 1/4, 6119 1/2, 6119 3/4. Originally 6119 was converted from a 2 bedroom /1 bath to a 1 bedroom /1 bath plus an ADU addressed 6119 1/4 that is also a 1 bedroom /1 bath. Permits were pulled for the conversion but no final was done so a certificate of occupancy has not yet been issued. 6119 1/2 is a 2 bedroom / 1 bath unit. 6119 and 6119 1/4 are rented out month to month. 6119 3/4 is a 1 bedroom / 1 bath unit above the garage that was converted into 3 bedrooms and 1 bath and it is being rented out on Airbnb as a 30day + rental. The garage spaces below 6119 3/4 are being used as storage.
Call listing agent for more information.
Property Facts
| Price Per Unit | $299,667 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,286 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1936 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Building Class | C | ||
| Zoning | R3-1 - Multiple Dewlling Zone | ||
| Price Per Unit | $299,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,286 SF |
| No. Stories | 1 |
| Year Built | 1936 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | R3-1 - Multiple Dewlling Zone |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 4006-003-020 | Improvements Assessment | $349,965 |
| Land Assessment | $519,480 | Total Assessment | $869,445 |
Property Taxes
Parcel Number
4006-003-020
Land Assessment
$519,480
Improvements Assessment
$349,965
Total Assessment
$869,445
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