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1820 W 11th St
Los Angeles, CA 90006 Pico-Union

$1,495,000 USD

Apartments For Sale • 3,735 SF

Property Details

Property Type Apartments
Total Building Size 3,626 SF
Lot Size 0.14 AC
Building Class C
Year Built 1906
Cap Rate 8.60 %
Zoning C1-1-HPOZ

82 Transit Score

94 Walk Score

                
                    Highlights
                
                                9-Units at an Actual 8.60% CAP RATE, 7.7 GRM
                            
                                Large Parking Lot On-Site - Potential ADU Play
                            
                                Highest CAP Rate in Pico-Union
                            
                                Over $530,000 of Capital Improvements
                            
                                Low Maintance Cost with New Building Systems Completed
                            
                                New Re-piped Plumbing, New Electrical Upgrades and New HVAC

Financial Summary (Actual)

Net Operating Income: $128,536 USD (2024)

Cap Rate:	8.60 %
Total Expenses:	$58,081 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Altman - 1820 W 11th St

Amenities

Cable Ready
Ceiling Fans
Granite Countertops
Sprinkler System
Stainless Steel Appliances
Community-Wide WiFi
Trash Compactor
Vinyl Flooring
Window Coverings

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	7 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))	9 min	-	3.4 mi
Transit/Subway	Drive	Walk	Distance
Westlake/Macarthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Los Angeles International	23 min	-	13.7 mi
Bob Hope	23 min	-	13.9 mi
Long Beach (Daugherty Field)	30 min	-	22.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	No

Sean Nami 310-279-7779 Lyon Stahl Investment Real Estate

1820 W 11th St Los Angeles, CA 90006 Pico-Union