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$ 885,000
Est. payment | /mo
9 Beds
3,700 SqFt
$ 885,000
Est. payment | /mo
9 Beds
3,700 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $239
MLS Listing ID CL26651923
Bedrooms 9
HOA Y/N No
Year Built 1912
Lot Size 6,253 Sqft
Acres 0.14
Property Sub-Type OTHER
Property Description
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 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.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Central
Cooling No Air Conditioning
Flooring Wood
Fireplace No
Laundry No Hookups
Exterior
View Y/N true
View City Lights, Other
Building
New Construction No
Others
Tax ID 5137025017
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Listed by Cassie Corsaro • Nest Seekers
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