11th Avenue, Los Angeles, CA 90043

Building Details

Year Built

1964

Listing agent BRICE HEAD

Listing office CBRE, INC. B***@cbre.com

Listing date Jul 2, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE, INC.

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Overview

This attractive 26-unit multifamily property features newer windows and railings. Seismic retrofitting has been completed. The unit mix is diverse. Strong on-site and off-site management is in place. Units are separately metered and a RUBS program is implemented. The property has leaner annual expenses and is less likely to require out-of-pocket capital expenditures compared to competing properties. There is potential to add several ADUs, possibly as many as a half dozen. The rentable area totals 24,000 square feet. The lot size is a massive 20,000 square feet, offering the potential to add 5 or 6 ADUs. The property is located on 11th Avenue in Los Angeles, CA. The current capitalization rate is 6%, with a pro forma capitalization rate of 9.11%. The property can be sold separately from an 8-unit building located across the street at 6821 11th.

Map

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.33

Latitude

34.0359

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FAQs

What type of property is this?

Apartment building - Attractive, rehabbed 26-unit multifamily property with ADU potential.

Where is this apartment building located?

The property is located at 11th Avenue Los Angeles, CA.

What is the asking price?

The asking price for this property is $6,595,000.

What are key features of this property?

This property features: High Proforma CAP Rate: 9.11%; Potential to add 5‑6 ADUs on a large 20,000 sq. ft. lot; 26 Units, almost all rehabbed