6812 11th Ave - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$6,595,000 USD
310-344-8218
6812 11th Ave, Los Angeles, CA for Sale
$6,595,000 USD
Apartments - FOR SALE
1/18
null | 6.04% Cap Rate

6812 11th Ave
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Very clean
  • Very steady
  • Well-managed and "easy" to run
  • Only minutes to SoFi, The Forum and Intuit Dome
  • Massive lot - build a 1/2 dozen ADUs (BTV)

OVERVIEW

An attractive 26 units - almost all are rehabbed. Newer windows and railings. Seismic completed. Diverse unit mix. Strong on-site and off-site management. Separately-metered and RUBS program. 'Leaner' annual expenses and less-likely to come out-of-pocket for cap ex, versus competing deals. Can likely add several ADUs, maybe as many as a half dozen! 6% CAP CURRENT 9.11% CAP PROFORMA 24K SQ. FT. RENTABLE MASSIVE 20K SQ. FT. LOT - ADD 5 OR 6 ADUs EXCLUSIVELY LISTED AT $6,595,000 PRICE RECENTLY REDUCED SOLD ALONG WITH 8 UNITS AT 6821 11TH ACROSS THE STREET - BUILDNGS CAN BE SOLD SEPARATELY.

FOR SALE DETAILS

PRICE

$6,595,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

26

PRICE/UNIT

$253,654

CAP RATE

6.04%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Part of 34 unit portfolio on same block!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,389 SF

ZONING

R3

APN/PARCEL ID

4006-026-041

ASK ABOUT THIS PROPERTY

310-344-8218

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310-344-8218

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