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

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.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $833,400 $34.91
Other Income $16,908 $0.71
Vacancy Loss $25,509 $1.07
Effective Gross Income $824,799 $34.55
Taxes $79,074 $3.31
Operating Expenses $144,851 $6.07
Total Expenses $223,925 $9.38
Net Operating Income $600,874 $25.17

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
Walk Score®
Very Walkable (77)

PROPERTY TAXES

ZONING

Zoning Code R3 (R3)
  • Listing ID: 34674694

  • Date on Market: 1/31/2025

  • Last Updated:

  • Address: 6812 11th Ave, Los Angeles, CA 90043