Property Details
About this Property
8.20% Cap Rate | Strong In-Place Cash Flow 1511 W 11th Pl presents a rare opportunity to acquire a high-performing 16-unit apartment asset at an exceptional basis in the heart of Pico- Union. Priced at just $107,000 per unit and $250 per square foot, the property offers some of the strongest in-place returns available in the submarket. The building is separately metered for gas and electric and is currently operating at a 7.5 GRM, providing investors with durable day-one cash flow and minimal operational friction. This profile makes the asset ideal for both local investors and 1031 exchange buyers seeking stable income in a dense, supply-constrained market. Ideally located just minutes from Downtown Los Angeles, Koreatown, Silver Lake, and Echo Park, the property benefits from proximity to major employment hubs, consistent rental demand, and ongoing neighborhood revitalization—positioning 1511 W 11th Pl as a compelling long-term hold.
MLS Listing Information
MLS #
CRSB26007542
MLS Source
California Regional MLS
Days on Site
26
Interior Features
Laundry
None
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1511 W 11th Pl is a Residential Income in Los Angeles, CA 90015. This – square foot property sits on a 4,551 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,726,000 and was built in 1924. This address can also be written as 1511 W 11th Pl, Los Angeles, CA 90015.
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This listing information is up-to-date as of January 13, 2026. For the most current information, please contact Aaron Jacobson, (310) 729-1559
