1516 W 11th Place, Los Angeles, CA 90015

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1516 W 11th Place,Los Angeles, CA 90015
$885,000
  • 9 Beds
  • - Baths
  • 3,700 sq. ft.
  • Multi-family
  • Active
Listed by: cassie corsaro, mireya baã±uelos
Office: nest seekers
MLS#:CL26651923
Source:Bay East, CCAR, bridgeMLS

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...

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Home facts

  • Year built:1912
  • Listing ID #:CL26651923
  • Added:57 day(s) ago
  • Updated:April 12, 2026 at 02:42 PM

Rooms and interior

  • Bedrooms:9
  • Flooring:Wood
  • 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

Finances and disclosures

  • Price:$885,000
  • Price per sq. ft.:$239.19

Features and amenities

  • Laundry features:No Hookups

Parking

  • Parking description:Guest
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at April 12, 2026

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