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    11Th Ave Los Angeles, CA 90043

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    For Sale
    $6,595,000

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

    Property size:
    23,874 SF
    Lot size:
    0.47 Acres

    Property Features for 11Th Ave

    General Information

    Standard status
    Active
    Size
    23,874 SF
    Lot size
    0.47 Acres

    Building Details

    Year built
    1964

    Source: CBRE, INC. Agent BRICE HEAD

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

    Overview

    26-Unit Multifamily Property in Los Angeles

    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.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.329922
    Latitude
    34.035857

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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 Ave 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
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    11Th Ave Los Angeles, CA 90043
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