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listing
1 of 9
Residential IncomeFor Sale
$9,450,000
2121 W 11th Street
Los Angeles, CA 90006
Listed by Janet Neman DRE#01069127 jneman@kiddermathews.com Kidder Mathews Of California, Inc.
MLS: California Regional MLS (CRMLS)
20Beds
54Baths
37,108Sq Ft
Est. Mortgage
$48,879/mo

2121 W 11th Street is a unique 54-unit apartment building located in Pico-Union near Koreatown and Downtown Los Angeles, a highly desirable and rapidly gentrifying submarket of Los Angeles. Originally constructed in 1924, the Property is a charming, well-maintained, four-story structure with controlled access, two courtyards, a beautifully restored lobby, and a swimming pool. The Property features a favorable unit mix of 9 studios, 25 larger executive studios, and 20 one-bedroom, one-bath units. 2121 W 11th Street presents the opportunity for an investor to enter a high-demand rental market with the potential to add significant value through additional renovations. The Property is well-maintained and has undergone a number of upgrades and renovations over the years. The units have been modestly renovated to a certain specification, however through a complete interior renovation program, an investor will have the opportunity to capitalize on the remaining rental upside and reposition the property among market leaders. Some building and common area upgrades include a new elevator, upgraded plumbing with a 115 gallon storage tank and new copper and copper fittings for all piping around storage tanks, and a new shut off valve for storage tanks. The Property is conveniently located in an amenity rich location, near entertainment, shopping, hotels, and restaurants along with local transportation. Located in an area with immense economic growth, 2121 W 11th Street provides investors with the opportunity to acquire a well maintained asset with tremendous rental upside.

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Information courtesy of Kidder Mathews Of California, Inc. is subject to verification and is not guaranteed.
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