34.048046 -118.277306

1663 W 11TH Place, Los Angeles, CA 90015

264047376 34.048046 -118.277306 124 /listing/264047376-150131764/1663-w-11th-place-los-angeles-ca-90015 False 0 4100000.0 105 20558254 False
  • $4,100,000
  • 7,415 lot
  • Est payment $22009.69/mo

Property & Neighborhood Info

Courtesy Of Sean Rosenzweig, Marcus & Millichap

Multi-Family in Los Angeles

I am pleased to present the opportunity to acquire 1663 West 11th Place, a 26-unit apartment community situated less than one mile from Downtown Los Angeles. Originally built in 1914, the subject property features on-site laundry, rooftop solar panels, and is individually metered for electric. Available at an attractive 4.27% Cap Rate and 13.22 GRM on current income and expenses, the property allows an investor to acquire a sizable apartment community in an improving location. 1663 West 11th Place is well positioned to provide immediate and consistent returns for investors. The property offers investors a unique opportunity to acquire immediate scale with excellent in-place returns and rental upside remaining. *The property currently operates as 26 units; however, the original certificate of occupancy indicates there are 25 apartment units while the LA County Assessor's records indicate there are 29 units at the property. Buyer must conduct their own due diligence regarding this matter

Courtesy Of Sean Rosenzweig, Marcus & Millichap
  1. 7,415 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1914
  • Floors: 3
  • County: Los Angeles County
  • Units: 26
  • Zoning: LARD1.5
  • MLS Number:20558254

Additional Features

  • Parking:
    • None
  • Special Conditions:
    • Standard
  • Land Size Source:
    • Assessor
  • CDOM:
    • 84
  • Gross Income:
    • 310227.00
  • Gross Operating Income:
    • 303077.00
  • Listing Key:
    • 364080900
  • Lot Size Square Feet:
    • 7415.00
  • Net Operating Income:
    • 175127.00
  • Number of Buildings:
    • 1
  • Tax ID:
    • 5137019018
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Jim Harlan
Jim Harlan
Broker Associate
222 South Harbor Bvld. #530 Anaheim CA 92805
Request More Info
34.048046 -118.277306

1663 W 11TH Place Los Angeles, CA 90015

264047376 34.048046 -118.277306 124 /listing/264047376-150131764/1663-w-11th-place-los-angeles-ca-90015 False 0 4100000.0 105 20558254 False
  • $4,100,000
  • 7,415 lot
  • Est payment $22009.69/mo