ACTUAL 9.0 GRM/7.0% CAP RATE. PRO FORMA 7.8 GRM/8.7% CAP RATE! This 5 unit property is comprised of two separate buildings totaling 4,430sf in size. In the rear is a large 1,198sf home built in 1980 with 3 bed/1 bath. The front building was built in 1910 and is approx. 3,232sf in size comprised of (4) 1/1 units that are each 808sf. One unit is delivered vacant and in rent ready condition allowing for immediately occupancy.This property allows potential for an owner-occupier to live in one or more of the units. Or, a savvy investor can maximize rents and even utilizeSection 8 to create immense equity & cash flow. On a 6,127sf lot zoned RD1.5, this property is well located in Los Angeles near Downtown, CryptoArena, & close proximity to USC, Koreatown, and the 110 freeway. Located off 110 Freeway in Pico-Union close to Downtown, LA Live, CryptoArena, Koreatown, USC, Local Parks, & tons of Restaurants & Shops.
Property Details
Price:
$925,000
MLS #:
OC25157492
Status:
Active
Baths:
0
Address:
1631 W 11th Place
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Jul 14, 2025
State:
CA
ZIP:
90015
Lot Size:
6,127 sqft / 0.14 acres (approx)
Year Built:
1910
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Schools
Interior
Appliances
Disposal, Gas Range, Water Heater
Cooling
None
Flooring
Laminate, Tile
Heating
Wall Furnace
Laundry Features
Electric Dryer Hookup, Washer Hookup
Exterior
Community Features
Curbs, Sidewalks, Street Lights
Construction Materials
Shake Siding
Parking Features
Driveway
Parking Spots
2.00
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Financial
Map
Community
- Address1631 W 11th Place Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90015
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Courtesy of Nohco Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1631 W 11th Place
Los Angeles, CA
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