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    3013 W 11Th St Los Angeles, CA 90006

    Sponsored
    For Sale
    $1,375,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    5,344 SF
    Lot size:
    0.14 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 13 at 11:06 pm

    Property Features for 3013 W 11Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR4
    Rooms
    Bedroom 2, Bedroom 5, Bathroom 7, Bathroom 8, Bedroom 8, Bedroom 1, Bedroom 9, Bathroom 2, Bathroom 9, Bedroom 3, Bedroom 7, Bathroom 1, Bathroom 3, Bathroom 6, Bathroom 5, Bathroom 4, Bedroom 4, Bedroom 6
    Bedrooms
    9
    Bathrooms
    9
    APN
    5080-025-013
    Parking
    7
    Size
    5,344 SF
    Lot size
    0.14 Acres

    Building Details

    Year built
    1924
    Floors in Building
    2
    Number of units
    9

    We can help!

    Listing Contact
    Josh Kaplan

    Equity Union Real Estate (818) 989-2000

    Listing agent Josh Kaplan (818) 989-2000 License #01934177

    Listing date Feb 12, 2026

    MLS# 25598727 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Koreatown Multifamily Investment Opportunity

    Located in a prime part of Koreatown, this property at 3013 W 11th St features nine units across three separate buildings constructed in 1924. Situated on the corner of 11th St and Harvard Blvd, the property is one block south of Olympic Blvd. The unit mix consists entirely of one-bedroom, one-bathroom units. The property includes two four-plex buildings and a third building with a single unit above three parking garages, totaling 5,344 square feet of building space on a 5,907 square foot corner lot. All units have well-designed floor plans, presenting an opportunity for renovation to increase rents. Features include large bedrooms, full bathrooms, kitchens, spacious living room areas, and ample closet space. The unit above the garages offers a unique, private setting, and the two four-plex buildings provide a more private feel compared to a typical apartment building. There is potential for adding washer/dryers in each unit. All units are separately metered for electricity and gas and have individual water heaters; tenants pay for trash, while the landlord covers water. Parking includes seven spaces: three garage spaces and four surface spaces. There are potential ADU opportunities for a new owner to explore, including converting the left and middle enclosed garage spaces in the middle building, an approximately 350 square foot space in the back of the middle building behind the garages, and a large surface parking area and open yard space totaling approximately just under 800 square feet of land at the east end of the property on 11th St.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.303847
    Latitude
    34.050998

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit apartment property in prime Koreatown location.
    Where is this apartment building located?
    The property is located at 3013 W 11Th St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: - Prime Koreatown location, just one block south of Olympic Blvd.; - Significant rent increase potential through unit renovations.; - ADU development opportunities (buyer to verify) including garage conversions, existing storage space, and open yard space.
    (818) 989-2000
    Request Owner's contact information
    3013 W 11Th St Los Angeles, CA 90006
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    Los Angeles, CA 90006
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3013 W 11Th St Los Angeles, CA 90006
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    Listing Contact
    Josh Kaplan
    (818) 989-2000
    Learn more
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