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Short Sale! Bank wants it off their books. 6812 11th Ave 26 Unit Apartment Building $5,199,000 ($199,962/Unit) 8.12% Cap Rate Los Angeles, CA 90043
Investment Highlights
- Very clean
- Well-managed and "easy" to run
- Massive lot - build a 1/2 dozen ADUs (BTV)
- Very steady
- Only minutes to SoFi, The Forum and Intuit Dome
Executive Summary
19/26 units are 2 Beds
Almost all units rehabbed
Newer windows and railings. Seismic retrofit completed
Strong on-site and off-site management. Separately-metered and has RUBS program
Can add 4 or 5 ADUs - massive 20K sq. ft. lot
8.12% CAP SCHEDULED
9.89% CAP PROFORMA
24K SQ. FT. RENTABLE
Offered together with 21 units at 2301-2311 Florence Ave. Can be sold together or separately.
Almost all units rehabbed
Newer windows and railings. Seismic retrofit completed
Strong on-site and off-site management. Separately-metered and has RUBS program
Can add 4 or 5 ADUs - massive 20K sq. ft. lot
8.12% CAP SCHEDULED
9.89% CAP PROFORMA
24K SQ. FT. RENTABLE
Offered together with 21 units at 2301-2311 Florence Ave. Can be sold together or separately.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$617,328
|
$25.86
|
| Other Income |
$16,908
|
$0.71
|
| Vacancy Loss |
$18,520
|
$0.78
|
| Effective Gross Income |
$615,716
|
$25.79
|
| Taxes |
$65,766
|
$2.75
|
| Operating Expenses |
$127,650
|
$5.35
|
| Total Expenses |
$193,416
|
$8.10
|
| Net Operating Income |
$422,300
|
$17.69
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $617,328 |
| Annual Per SF | $25.86 |
| Other Income | |
|---|---|
| Annual | $16,908 |
| Annual Per SF | $0.71 |
| Vacancy Loss | |
|---|---|
| Annual | $18,520 |
| Annual Per SF | $0.78 |
| Effective Gross Income | |
|---|---|
| Annual | $615,716 |
| Annual Per SF | $25.79 |
| Taxes | |
|---|---|
| Annual | $65,766 |
| Annual Per SF | $2.75 |
| Operating Expenses | |
|---|---|
| Annual | $127,650 |
| Annual Per SF | $5.35 |
| Total Expenses | |
|---|---|
| Annual | $193,416 |
| Annual Per SF | $8.10 |
| Net Operating Income | |
|---|---|
| Annual | $422,300 |
| Annual Per SF | $17.69 |
Property Facts
| Price | $5,199,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $199,962 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 8.12% | Building Size | 23,874 SF |
| Gross Rent Multiplier | 8.2 | Average Occupancy | 92% |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Zoning | R3 - R3 | ||
| Price | $5,199,000 |
| Price Per Unit | $199,962 |
| Sale Type | Investment |
| Cap Rate | 8.12% |
| Gross Rent Multiplier | 8.2 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 23,874 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | R3 - R3 |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Fenced Lot
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 600 |
| 2+1 | 8 | - | 750 |
| 2+1.5 | 11 | - | 850 |
| 2+2 | 1 | - | 1,000 |
| 3+2 | 3 | - | 1,400 |
| 4+2 | 2 | - | 1,450 |
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4006-026-041 | Total Assessment | $4,307,426 (2025) |
| Land Assessment | $2,403,698 (2025) | Annual Taxes | $65,766 ($2.75/SF) |
| Improvements Assessment | $1,903,728 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4006-026-041
Land Assessment
$2,403,698 (2025)
Improvements Assessment
$1,903,728 (2025)
Total Assessment
$4,307,426 (2025)
Annual Taxes
$65,766 ($2.75/SF)
Tax Year
2026
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Short Sale! Bank wants it off their books. | 6812 11th Ave
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