1631 W 11th Place, Los Angeles, CA 90015

ACTUAL 9.7 GRM/6.5% CAP RATE. PRO FORMA 8.4 GRM/8.0%+ CAP RATE! This 5 unit property is comprised of two separate

buildings totaling 4,430sf in size. In the rear is a large

1,198sf home built in 1980 with 3 bed/1 bath. The front

building was built in 1910 and is approx 3,232sf in size

comprised of (4) 1/1 units that are each 808sf. One unit

is delivered vacant and in rent ready condition allowing

for immediately occupancy.

This property allows potential for an owner-occupier to

live in one or more of the units. Or, a savvy investor can

maximize rents and even utilize Section 8 to create

immense equity & cash flow.

On a 6,127sf lot zoned RD1.5, this property is well

located in Los Angeles near Downtown, Crypto Arena, &

close proximity to USC, Koreatown, and the 110 freeway.

Located off 110 Freeway in Pico-Union close to Downtown, LA Live,

Crypto Arena, Koreatown, USC, Local Parks, & tons of

Restaurants & Shops.