Part of 34 unit portfolio on same block! 6812 11th Ave
26 Unit Apartment Building $6,595,000 ($253,654/Unit) 6.04% Cap Rate Los Angeles, CA 90043
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INVESTMENT HIGHLIGHTS
- Very clean
- Well-managed and "easy" to run
- Massive lot - build a 1/2 dozen ADUs (BTV)
- Very steady
- Only minutes to SoFi, The Forum and Intuit Dome
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$833,400
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$34.91
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Other Income |
$16,908
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$0.71
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Vacancy Loss |
$25,509
![]() |
$1.07
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Effective Gross Income |
$824,799
![]() |
$34.55
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Taxes |
$79,074
![]() |
$3.31
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Operating Expenses |
$144,851
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$6.07
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Total Expenses |
$223,925
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$9.38
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Net Operating Income |
$600,874
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$25.17
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PROPERTY FACTS
Price | $6,595,000 |
Price Per Unit | $253,654 |
Sale Type | Investment |
Cap Rate | 6.04% |
Sale Condition | Bulk/Portfolio Sale |
Gross Rent Multiplier | 10.88 |
No. Units | 26 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | C |
Lot Size | 0.47 AC |
Building Size | 23,874 SF |
Average Occupancy | 92% |
No. Stories | 3 |
Year Built | 1964 |
Parking Ratio | 1.09/1,000 SF |
UNIT AMENITIES
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 1 | - | 600 |
2+1 | 8 | - | 750 |
2+1.5 | 11 | - | 850 |
2+2 | 1 | - | 1,000 |
3+2 | 3 | - | 1,400 |
4+2 | 2 | - | 1,450 |
1 of 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
Parcel Number | 4006-026-041 | Total Assessment | $4,222,967 (2024) |
Land Assessment | $2,356,567 (2024) | Annual Taxes | $79,074 ($3.31/SF) |
Improvements Assessment | $1,866,400 (2024) | Tax Year | 2025 |
ZONING
Zoning Code | R3 (R3) |