Properties

Los Angeles, CA 90015 1651 W 11th Place

1651 W 11th Place Los Angeles, CA - Image 11651 W 11th Place Los Angeles, CA - Image 21651 W 11th Place Los Angeles, CA - Image 3
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Presented By: Sean Namigohar with Lyon Stahl Investment Real Estate, Inc.;
  • MLS# 26666377
  • 03/18/2026
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  • Beds • 4
  • Baths • 4
  • SQFT • 4,904

Home Details

This well-located 4-unit value-add apartment community presents a compelling investment opportunity just outside of Downtown Los Angeles. The property offers an ideal blend of stable in-place income and significant upside potential, making it attractive for both seasoned investors and those looking to expand their multifamily portfolio in a high-demand rental market.The asset consists of four spacious one-bedroom units, each featuring a functional layout that includes a separate living room, dining area, and dedicated laundry space. With approximately 1,200 square feet per unit, these residences are substantially larger than typical one-bedroom apartments in the area, providing tenants with a more comfortable and livable environment. This added space enhances tenant retention and supports strong rental demand.Offered at approximately $188 per square foot, the property represents an attractive basis compared to similar assets in the surrounding submarket. The current cap rate of 5.53% provides immediate cash flow, while the projected rental upside of over 24% presents a clear path to increased income for new ownership. This value-add component allows investors to strategically raise rents to market levels over time, significantly improving overall returns.Each unit is separately metered for gas and electric, allowing for reduced operating expenses and more efficient management. This feature enables ownership to pass utility costs directly to tenants, helping maintain stronger net operating income margins.In addition to the existing improvements, the property offers on-site ADU potential at the rear of the lot, providing an opportunity to further increase income and overall asset value. With Los Angeles continuing to support additional housing development, this presents a meaningful long-term upside component.The property is situated in a dense infill location with close proximity to major employment centers, transportation options, and lifestyle amenities. Residents enjoy convenient access to popular destinations such as Crypto.com Arena, L.A. Live, Microsoft Theatre, and the Los Angeles Convention Center. These nearby attractions contribute to the area's strong rental appeal and ongoing demand.Overall, this property offers a rare combination of large unit sizes, favorable pricing, operational efficiency, and future growth potential. With its prime location near Downtown Los Angeles and multiple avenues to increase revenue, it stands out as a strong investment opportunity in one of the most resilient rental markets in the country.
Presented By: Sean Namigohar with Lyon Stahl Investment Real Estate, Inc.;

Interior Features for 1651 W 11th Place

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths4

Other Interior Features

Heating Y/NNo
Total Stories

General for 1651 W 11th Place

Cap Rate5.53
CityLos Angeles
CountyLos Angeles
DirectionsPlease contact the listing agent for more details.
Full Baths
Gross Income79920
HOANo
HeatingNone
LevelsMulti/Split
Living Area4904
Lot Size Square Feet6129
Lot Size UnitsSquare Feet
MLS AreaC42 - Downtown L.A.
Net Operating Income51146
New ConstructionNo
Number Of Units Total4
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1911
ZoningLARD1.5

Exterior for 1651 W 11th Place

Building Area Total4904
Lot Size Acres0.1407
Lot Size Area6129
Number of Buildings1
Parking FeaturesDriveway
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $925,000
MLS#26666377
List Date 03/18/2026
Property Type Multi-Family
Phone 888.795.6274
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