Multifamily
1513 W 11th Pl
1513 W 11th Pl, Los Angeles, CA 90015
Listing Price: $1,730,000
Investment Overview
Marcus and Millichap, as the exclusive listing agent is pleased to offer for sale an eight unit apartment community located at 1513 West 11th Place. The subject property offers investors the opportunity to acquire a property with stable operating history that is located less than one mile from the Crypto Arena, LA Live and numerous retail opportunities. Consisting of one two-story building, the property is situated on a 9,186 square foot parcel. The property features eight large units with secured parking for every unit and is individually metered for electric & gas. Due to its 1910 construction, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. 1513 West 11th Place is located just south of Olympic Boulevard and east of Union Avenue. An investor will be able to increase the lease rates when units become vacant by capitalizing on the westward expansion and revitalization of the Downtown sub-market.
1513 W 11th Pl
Investment Highlights
- Individually metered for electric and gas with separate water heaters
- The Property is Located in a Dense Pocket Approximately 0.6 Mile from LA Live & Crypto Arena. With a Walk Score of 86, Most Errands Can Be Accomplished on Foot
- Eight parking spaces with no retrofit required remaining upside potential: Approximately 42 percent of remaining upside potential with unit turnover
- Located in the Path of Future Growth between Downtown Los Angeles and Koreatown
Exclusively Listed By
Financing By
Listing Price: $1,730,000
Investment Highlights
- Individually metered for electric and gas with separate water heaters
- The Property is Located in a Dense Pocket Approximately 0.6 Mile from LA Live & Crypto Arena. With a Walk Score of 86, Most Errands Can Be Accomplished on Foot
- Eight parking spaces with no retrofit required remaining upside potential: Approximately 42 percent of remaining upside potential with unit turnover
- Located in the Path of Future Growth between Downtown Los Angeles and Koreatown
Investment Overview
Marcus and Millichap, as the exclusive listing agent is pleased to offer for sale an eight unit apartment community located at 1513 West 11th Place. The subject property offers investors the opportunity to acquire a property with stable operating history that is located less than one mile from the Crypto Arena, LA Live and numerous retail opportunities. Consisting of one two-story building, the property is situated on a 9,186 square foot parcel. The property features eight large units with secured parking for every unit and is individually metered for electric & gas. Due to its 1910 construction, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. 1513 West 11th Place is located just south of Olympic Boulevard and east of Union Avenue. An investor will be able to increase the lease rates when units become vacant by capitalizing on the westward expansion and revitalization of the Downtown sub-market.
Exclusively Listed By
Financing By
