1516 W 11th Place, Los Angeles, CA 90015
Local realty services provided by:CENTURY 21 Century Real Estate
1516 W 11th Place,Los Angeles, CA 90015
$885,000
- 9 Beds
- 5 Baths
- 3,700 sq. ft.
- Multi-family
- Active
Listed by: cassie corsaro, mireya bauelos
Office: nest seekers310-278-8861
MLS#:26651923
Source:CRMLS
Price summary
- Price:$885,000
- Price per sq. ft.:$239.19
About this home
1516 W 11th Place presents a true value-add investment opportunity in the heart of Los Angeles. This 4-unit property includes one vacant unit and three tenant-occupied units generating immediate in-place income. The vacant unit provides day-one upside through market rent placement or owner-user flexibility. Rent will be increased 3% in March. The remaining occupied units offer additional long-term rental growth potential, subject to local regulations + Rent Control. Ideal for investors looking to implement a strategic repositioning plan and increase overall cash flow. All occupied units will be delivered with tenants in place. Seller does not guarantee delivery of any additional units vacant at close of escrow. Buyer to assume existing tenancies and conduct their own independent investigation regarding occupancy, rent control guidelines, tenant rights, and any relocation or vacancy strategies. Located in a high-demand rental corridor with strong fundamentals and proximity to Downtown LA, Koreatown, major transit routes, employment hubs, and neighborhood amenities. An excellent opportunity for investors seeking income stability with clear upside potential in a core Los Angeles market. Cash for keys may be an option for tenants in place. Buyer to verify....
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Home facts
- Year built:1912
- Listing ID #:26651923
- Added:70 day(s) ago
- Updated:April 25, 2026 at 10:33 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:5
- Flooring:Wood
- Kitchen Description:Microwave, Oven
- Living area:3,700 sq. ft.
Heating and cooling
- Heating:Central
Structure and exterior
- Year built:1912
- Building area:3,700 sq. ft.
- Lot area:0.14 Acres
- Architectural Style:Craftsman
Finances and disclosures
- Price:$885,000
- Price per sq. ft.:$239.19
Parking
- Parking description:Driveway, Guest
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