6821 11th Ave - Apartments FOR SALE


Los Angeles, CA 90043
$1,695,000 USD
310-344-8218
6821 11th Ave, Los Angeles, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/11
null | 6.89% Cap Rate

6821 11th Ave
Los Angeles, CA 90043


HIGHLIGHTS

  • Newly renovated, freestanding, 4 bed/2 bath detached home behind the 7 unit building
  • Very clean
  • Very steady
  • Well-managed and "easy" to run
  • Only minutes to SoFi, The Forum and Intuit Dome
  • Build an ADU (or two) & maximize cashflow

OVERVIEW

8 units 'across the street' - also attractive and well run, like its big brother. 7 unit in the front building and then a freestanding 3 Bed bungalow-style unit in back. LARGE, 8,500 sq. ft. lot means you can add an ADU, maybe two (BTV) in the spacious parking area between the main building and the bungalow-style unit in the rear. Attractive front lawn and gated-access entry. 6.9% CAP DAY ONE 9% CAP PROFORMA BALANCED UNIT MIX ADD AN ADU (OR TWO) EXCLUSIVELY LISTED AT $1,695,000 PRICE RECENTLY REDUCED SOLD ALONG WITH 26 UNITS AT 6812 11TH ACROSS THE STREET - BUILDNGS CAN BE SOLD SEPARATELY.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

8

PRICE/UNIT

$211,875

CAP RATE

6.89%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Part of 34 unit portfolio on same block!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,500 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

4006-025-023

ASK ABOUT THIS PROPERTY

310-344-8218

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310-344-8218

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