Directions: Nearest cross streets: S Gramercy Pl & W 11th Pl.City center reference: Located between Downtown LA and Koreatown, west of Exposition Park.Landmarks nearby: Near the intersection of S Western Ave and W 11th St, close to major bus routes and minutes from the LA Convention Center.
Remarks:

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 potential 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 and Rent Control. This asset is 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 the 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 convenient proximity to Downtown LA, Koreatown, major transit routes, employment hubs, and neighborhood amenities, this property presents 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.

Agent Remarks: https://www.themls.com/showing/request/26651923
Showing Remarks: UNIT #1518 1/2 is ONLY available for viewing instantly. To view other 3 units please call agent to arrange with tenant 24 hours' notice needed. Virtually staged photo*