8-Unit Apartment
2562 W 11th Street, Los Angeles, CA 90006
For Sale
$1,550,000
Eight private garages add a distinctive feature to this Los Angeles rental property.
Property Size6,270 SF
Lot Size0.23 Acres
Price / SF$247.21
Days on Market39
Property Features for 2562 W 11th Street
General Information
Standard status
Size
Net Rentable
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
Listed By:
William James
(310) 600-9858
Source:
Maddalenarealty
Added: Oct 8
Changed: Nov 15
Last Checked: Nov 15 at 2:01AM
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 Lyon Stahl Investment Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1939, the apartment property contains eight one-bedroom, one-bathroom units across 6,270 net rentable square feet. Each residence measures approximately 784 square feet. The site totals 10,005 square feet and carries LAR4 zoning; eight private garages are also included.
The property is at 2562 W 11th Street in Los Angeles, near the Vermont Avenue and Olympic Boulevard intersection. Its Walk Score is 87. Metro Rapid service runs along Vermont Avenue, and the Metro B and D Lines serve the Wilshire/Vermont station. The 10 and 110 Freeways provide regional connections. A mixed-use project planned for the Vermont and Olympic corridor is slated to include 228 apartments and Target-anchored retail.
The property is at 2562 W 11th Street in Los Angeles, near the Vermont Avenue and Olympic Boulevard intersection. Its Walk Score is 87. Metro Rapid service runs along Vermont Avenue, and the Metro B and D Lines serve the Wilshire/Vermont station. The 10 and 110 Freeways provide regional connections. A mixed-use project planned for the Vermont and Olympic corridor is slated to include 228 apartments and Target-anchored retail.
Key Highlights
- Eight one‑bedroom, one‑bathroom apartments
- 6,270 net rentable square feet; units are approximately 784 square feet each
- 10,005‑square‑foot lot zoned LAR4
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,889
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,017,780
$2.0M
Cap Rate 7%
$1,441,271
$1.4M
Cap Rate 9%
$1,120,989
$1.1M
Market Conditions
NOI Build-Up for 6,270 SF
Gross rent
$199.4K $31.80/SF
− Vacancy
−$16.0K −$2.54/SF
EGI
$183.4K $29.26/SF
− OpEx
−$82.5K −$13.17/SF
NOI
$100.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,017,780
Cap Rate 7%
$1,441,271
Cap Rate 9%
$1,120,989
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,889 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,246 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight private garages add a distinctive feature to this Los Angeles rental property.
Where is this apartment building located?
The property is located at 2562 W 11th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Eight one‑bedroom, one‑bathroom apartments; 6,270 net rentable square feet; units are approximately 784 square feet each; 10,005‑square‑foot lot zoned LAR4
