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Steven Shearrill

steven.shearrill@gmail.com +1(619) 368-7141

$ 885,000

Est. payment | -/mo

9 Beds

5 Baths

3,700 SqFt

Save

$ 885,000

Est. payment | -/mo

Save

9 Beds

5 Baths

3,700 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,700 sqft

Price per Sqft $239

MLS Listing ID 26651923

Bedrooms 9

Construction Status Fixer,Updated/Remodeled

HOA Y/N No

Year Built 1912

Lot Size 6,250 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Heating Central

Cooling None

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Microwave, Oven

Laundry None

Exterior

Parking Features Driveway, Guest

Pool None

View Y/N Yes

View City Lights, Courtyard

Private Pool No

Building

Story 2

Entry Level Multi/Split

Architectural Style Craftsman

Level or Stories Multi/Split

New Construction No

Construction Status Fixer,Updated/Remodeled

Others

Senior Community No

Tax ID 5137025017

Security Features Security Gate

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Cassie Corsaro Nest Seekers #02047543

Schools and Properties Nearby

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+1(619) 368-7141

steven.shearrill@gmail.com

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1516 W 11th PL Los Angeles, CA 90015