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1651 W 11th Pl
Los Angeles, CA 90015 Pico-Union

$925,000 USD

Apartments For Sale  •  4,904 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,904 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1911
  • Cap Rate 5.53 %
  • Zoning R4-2, Los Angeles
84 Transit Score
94 Walk Score

Highlights

A -4Unit Value-Add Apartment Community Just Outside of Downtown LA
4 Large One-Bedroom Units with Living Room, Dining Room, and Laundry Area in Each Unit
$188 Price Per Square Foot at the Asking Price
Approximately 1,200 Square Foot Units
Separately Metered for Gas and Electric
5.53% Cap Rate with Over 24% Upside in Rents For New Ownership

Financial Summary (Actual)

Net Operating Income: $51,145 USD (2026)
Cap Rate: 5.53 %
Total Expenses: $26,377 USD

Public Transportation

Commuter RailDriveWalkDistance
8 min - 3.2 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 3.3 mi
Transit/SubwayDriveWalkDistance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 17 min 0.9 mi
Pico Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 27 min - 14.0 mi
Los Angeles International 25 min - 14.1 mi
Long Beach (Daugherty Field) 31 min - 22.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Sean Nami 310-279-7779 Lyon Stahl Investment Real Estate
Sean Nami 310-279-7779 Lyon Stahl Investment Real Estate