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6812 11Th Ave Los Angeles, CA 90043

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For Sale
$6,595,000

Well-managed multifamily property with ADU potential near SoFi Stadium.

Property Features for 6812 11Th Ave

General Information

Standard status
Active

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Listing Contact
Brice W. Head, Mba
Source: Cbre

Listing Agent: Brice W. Head, Mba

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

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Overview

Multifamily Property Near SoFi Stadium

This multifamily property features newer windows and railings, and has completed seismic retrofitting. It benefits from a diverse unit mix and strong on-site and off-site management. The property is separately metered and utilizes a RUBS program. According to the listing, the annual expenses are 'leaner,' reducing the likelihood of out-of-pocket capital expenditures compared to competing properties. There is potential to add several Accessory Dwelling Units (ADUs), possibly as many as a half dozen, on the massive 20,000 square foot lot. The rentable area totals 24,000 square feet. The property is described as very clean, very steady, and easy to run. It is located only minutes from SoFi Stadium, The Forum, and Intuit Dome. The property has a 6.2% current capitalization rate and a 9.11% pro forma capitalization rate.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

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City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.32925
Latitude
33.97643

FAQs

What type of property is this?
Apartment building - Well-managed multifamily property with ADU potential near SoFi Stadium.
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: - Massive 20,000 sq. ft. lot with potential to add 5-6 ADUs.; - 9.11% CAP PROFORMA.; - 6.2% CAP CURRENT.
More about this property
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