1511 W 11th Place, Los Angeles, CA 90015

Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
1511 W 11th Place,Los Angeles, CA 90015
$1,726,000
  • - Beds
  • - Baths
  • 6,852 sq. ft.
  • Multi-family
  • Active
Listed by: aaron jacobson
Office: lyon stahl investment real estate, inc.
MLS#:SB26007542
Source:CRMLS

Price summary

  • Price:$1,726,000
  • Price per sq. ft.:$251.9

About this home

8.20% Cap Rate | Strong In-Place Cash Flow 1511 W 11th Pl presents a rare opportunity to acquire a high-performing 16-unit apartment asset at an exceptional basis in the heart of Pico- Union. Priced at just $107,000 per unit and $250 per square foot, the property offers some of the strongest in-place returns available in the submarket. The building is separately metered for gas and electric and is currently operating at a 7.5 GRM, providing investors with durable day-one cash flow and minimal operational friction. This profile makes the asset ideal for both local investors and 1031 exchange buyers seeking stable income in a dense, supply-constrained market. Ideally located just minutes from Downtown Los Angeles, Koreatown, Silver Lake, and Echo Park, the property benefits from proximity to major employment hubs, consistent rental demand, and ongoing neighborhood revitalization—positioning 1511 W 11th Pl as a compelling long-term hold.

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Home facts

  • Year built:1924
  • Listing ID #:SB26007542
  • Added:9 day(s) ago
  • Updated:January 23, 2026 at 11:38 AM

Rooms and interior

  • Living area:6,852 sq. ft.

Structure and exterior

  • Year built:1924
  • Building area:6,852 sq. ft.
  • Lot area:0.1 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,726,000
  • Price per sq. ft.:$251.9
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