Description
I am pleased to offer for sale an eight unit apartment community located at 1513 West 11th Place. The subject property offers investors the opportunity to acquire a property with stable operating history that is located less than one mile from the Staples Center, LA Live and numerous retail opportunities. Consisting of one two-story building, the property is situated on a 9,186 square foot parcel. The property features eight large units with secured parking for every unit and is individually metered for all utilities. Due to its 1910 construction, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. 1513 West 11th Place is located just south of Olympic Boulevard and east of Union Avenue. An investor will be able to increase the lease rates when units become vacant by capitalizing on the westward expansion and revitalization of the Downtown sub-market.
-
16BEDS
-
0.21ACRES
-
0BATHS
-
01/2 BATHS
-
7,972SQFT
-
$245$/SQFT
School Ratings & Info
Description
I am pleased to offer for sale an eight unit apartment community located at 1513 West 11th Place. The subject property offers investors the opportunity to acquire a property with stable operating history that is located less than one mile from the Staples Center, LA Live and numerous retail opportunities. Consisting of one two-story building, the property is situated on a 9,186 square foot parcel. The property features eight large units with secured parking for every unit and is individually metered for all utilities. Due to its 1910 construction, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. 1513 West 11th Place is located just south of Olympic Boulevard and east of Union Avenue. An investor will be able to increase the lease rates when units become vacant by capitalizing on the westward expansion and revitalization of the Downtown sub-market.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T06:43:13.563. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.