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
Courtesy of Nest Seekers 310-278-8861
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
9
Square Ft.
3,700
Lot Size
0.14 Acres
Year Built
1912
MLS Number
26651923
30 Days Snapshot Of 90015
$1.18M
+203%
(avg) sold price
2
+100%
homes sold
170
+146%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Gas, Microwave, Oven, Alarm System, Freezer, Gas Or Electric Dryer Hookup, Microwave
Building
3,700 sq ft, Built in 1912, Levels: Multi/Split, Attached, Craftsman
Cooling
None
Disclosures
None
Exterior Features
Balcony
Fireplaces
None
Floors
Hardwood
Garage
Driveway, Parking for Guests, Parking for Guests - Onsite, Driveway Gate
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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