6812 11Th Ave Los Angeles, CA 90043
Rehabbed 26-unit multifamily property with ADU potential in Los Angeles.
Lot size:
0.47 AcresProperty Features for 6812 11Th Ave
General Information
- Lot size
- 0.47 Acres
Building Details
- Year built
- 1964
Source: CBRE, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
26-Unit Multifamily Investment Opportunity
This property features 26 units, most of which have been renovated. Newer windows and railings have been installed, and seismic retrofitting has been completed. The unit mix is diverse. Strong on-site and off-site management is in place. The property is separately metered and utilizes a RUBS program. Annual expenses are described as 'leaner,' potentially reducing out-of-pocket capital expenditure compared to similar properties. There is potential to add several Accessory Dwelling Units (ADUs), possibly as many as six. The rentable area totals 24,000 square feet. The lot size is 20,000 square feet, offering space for additional ADUs. The current capitalization rate is 6%, with a pro forma capitalization rate of 9.11%. The property can be sold separately or along with an 8-unit building located across the street.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.32925
- Latitude
- 33.97643
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FAQs
What type of property is this?
Apartment building - Rehabbed 26-unit multifamily property with ADU potential in Los Angeles.
Where is this apartment building located?
The property is located at 6812 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 Pro Forma CAP Rate: 9.11%; - Massive 20K sq. ft. lot allows for the addition of 5-6 ADUs offering Potential for ADU Development.; - Almost all 26 units have been Rehabilitated.