2323 11th Street, Los Angeles, CA 90006
  • MLS#: 25590793 ( )
  • Street Address: 2323 11th Street
  • Viewed: 2
  • Price: $2,999,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1913
  • Bldg sqft: 0
  • Days On Market: 105
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90006
  • Provided by: Epique Realty
  • Contact: Peter Peter
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Investment Opportunity 21 Unit Vintage Multifamily. Adjacent to Koreatown. Step into a rare chance to own a cash flowing, low maintenance multifamily asset in one of Los Angeles' most dynamic rental markets. This 21 unit, 3 story brick building offers investors stable income today with substantial upside tomorrow. Unit mix includes 9 spacious one bedroom apartments + 12 efficient singles. Prime Location adjacent to Koreatown, minutes from Downtown LA, USC, and major transit corridors. Strong Renter Demand surrounded by a dense, vibrant neighborhood with endless dining, shopping, and nightlife. Cash Cow where current tenancy provides steady, reliable cash flow with minimal management headaches. Upside Potential with current below market rents. Vintage architecture with room for modernization, rental growth, and value add strategies. Low Turnover and easy to manage tenants create a stable ownership experience. This property is positioned in one of LA's fastest growing submarkets, attracting professionals, students, and long term renters alike. Koreatown continues to experience rising rents, strong absorption, and revitalization projects, making this asset a prime opportunity for long term appreciation. Ideal for value add investors seeking to unlock untapped potential while benefiting from strong in place income
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Features
Building Area Total
  1. 12642.00
Country
  1. US
Electric Expense
  1. 36000.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 8099.00
Levels
  1. Multi/Split
Netoperatingincome
  1. 187927.00
Newtaxesexpense
  1. 37080.00
Parcel Number
  1. 5136015013
Parking Features
  1. None
Pool Features
  1. None
Sourcesystemkey
  1. 25590793:CLAW
Spa Features
  1. None
Totalexpenses
  1. 135639.00
Trash Expense
  1. 16800.00
Year Built
  1. 1913
Zoning
  1. LAC2