1516 W 11th Place presents a true value-add investment opportunity in the heart of Los Angeles. This 4-unit property includes one vacant unit and three tenant-occupied units generating immediate in-place income. The vacant unit provides day-one upside through market rent placement or owner-user flexibility. Rent will be increased 3% in… Read More March. The remaining occupied units offer additional long-term rental growth potential, subject to local regulations + Rent Control. Ideal for investors looking to implement a strategic repositioning plan and increase overall cash flow. All occupied units will be delivered with tenants in place. Seller does not guarantee delivery of any additional units vacant at close of escrow. Buyer to assume existing tenancies and conduct their own independent investigation regarding occupancy, rent control guidelines, tenant rights, and any relocation or vacancy strategies. Located in a high-demand rental corridor with strong fundamentals and proximity to Downtown LA, Koreatown, major transit routes, employment hubs, and neighborhood amenities. An excellent opportunity for investors seeking income stability with clear upside potential in a core Los Angeles market. Cash for keys may be an option for tenants in place. Buyer to verify. Read Less
Property listed by Nest Seekers, Cassie Corsaro 310-259-7556
Listing Snapshot
Days Online
35
Last Updated
Beds
9
Square Ft.
3,700
Lot Size
0.14 Acres
Year Built
1912
MLS Number
26651923
Additional Details
Appliances & Equipment
Microwave, Oven
Building
Built in 1912, Living area: 3700.0, 1 building, 2 stories, Levels: MultiSplit
Cooling
None
Fireplaces
None
Floors
Wood
Heating
Central
Income
Gross Income: $47,851, Net Operating Income: $1
Laundry
None
Lot
0.1435 acres
Parking
Driveway, Guest
Pool
None
Property
Fixer, UpdatedRemodeled, CityLights, Courtyard
Security Features
SecurityGate
Taxes
Parcel Number: 5137025017, Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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