2121 11th Street, Los Angeles
Los Angeles Home For Sale
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.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90006
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- MLS® #:
- 24403505
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- Bedrooms:
- 1
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- Bathrooms:
- 3
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- Square Ft:
- 37,108
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- Lot Size:
- 0.35
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- Levels:
- Multi/Split
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 5th, 2024 at 2:20am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.