Two-Building Multifamily
2970 W 11th, Los Angeles, CA 90006
For Sale
$1,279,900
Separate residences offer varied bedroom counts and a flexible configuration for residential income use.
Property Size4,103 SF
Lot Size0.14 Acres
Price / SF$311.94
Days on Market141
Property Features for 2970 W 11th
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Amenities
interior laundry facilities
covered porch
fireplace
Building Details
Building Size
Year Built
Buildings
Listing Agency:
LPT Realty, Inc
Listed By:
Sandro Bononi · License CA #01401037
(818) 270-9341
Source:
Archetyperealty
Added: Jun 22
Changed: Nov 8
Last Checked: Nov 7 at 8:44PM
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 LPT Realty, Inc
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Investment Insights
Based on property information with market context.
Built in 1921, the multifamily property comprises two buildings totaling approximately 4,103 square feet on an approximately 5,908-square-foot lot. The main residence has 5 bedrooms and 4 bathrooms; the second contains 4 bedrooms and 2 bathrooms. Interior features include updated kitchens and bathrooms, recessed lighting, a fireplace, laundry facilities, and a covered porch. Upper-level space connects to an outdoor area with views toward the Downtown Los Angeles skyline.
The property is in Los Angeles near Koreatown, Downtown Los Angeles, and USC, with dining, shopping, employment, entertainment, and transportation destinations throughout central Los Angeles nearby.
The property is in Los Angeles near Koreatown, Downtown Los Angeles, and USC, with dining, shopping, employment, entertainment, and transportation destinations throughout central Los Angeles nearby.
Key Highlights
- Two buildings with approximately 4,103 square feet of total building area
- Approximately 5,908‑square‑foot LAR3 lot
- Main building has 5 bedrooms and 4 bathrooms; secondary building has 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,021
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,420
$1.3M
Cap Rate 7%
$943,157
$943.2K
Cap Rate 9%
$733,567
$733.6K
Market Conditions
NOI Build-Up for 4,103 SF
Gross rent
$130.5K $31.80/SF
− Vacancy
−$10.4K −$2.54/SF
EGI
$120.0K $29.26/SF
− OpEx
−$54.0K −$13.17/SF
NOI
$66.0K $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%
$1,320,420
Cap Rate 7%
$943,157
Cap Rate 9%
$733,567
Alternative Uses
Best Use
Apartment 5plus
$943.2K
$825.3K – $1.10M
NOI $66,021 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,914 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,030
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
$841,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Los Angeles, CA
Properties on Market for Multifamily properties in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate residences offer varied bedroom counts and a flexible configuration for residential income use.
Where is this multifamily property located?
The property is located at 2970 W 11th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,279,900.
What are key features of this property?
This property features: Two buildings with approximately 4,103 square feet of total building area; Approximately 5,908‑square‑foot LAR3 lot; Main building has 5 bedrooms and 4 bathrooms; secondary building has 4 bedrooms and 2 bathrooms
