1211 W 11th Street, Los Angeles, CA 90015
1211 W 11th Street, Los Angeles, CA 90015
1211 W 11th Street, Los Angeles, CA 90015
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$3,800,000
Est. payment /mo
15,887 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 15,887 sqft

Price per Sqft $239

MLS Listing ID CL26647019

HOA Y/N No

Year Built 1912

Lot Size 6,746 Sqft

Acres 0.15

Property Sub-Type Other

Property Description

The building is located less than 400 feet from LA Live, the $2.5 billion campus housing 5,600,000 square feet of sports and entertainment venues. Also adjacent to the property are Crypto.com Arena, LA Convention Center, and numerous new retail and entertainment destinations. Available at an attractive 7.42% CAP Rate based on current income, an investor can gain a substantial foothold in the Downtown Los Angeles submarket for the comparatively low price of only $115,152 per apartment unit. In addition to enjoying strong immediate cash flows, a new owner can also dramatically improve returns over time, as current rents are approximately 40% below market. The building is not on the Los Angeles Department of Building and Safety's seismic retrofit list (Buyer to verify), which will save a new owner from an otherwise costly expense. Several capital improvements have been made at the property recently, including an all new electric system, updated plumbing, new windows, a new front gate, and new hallway tile. The building is also separately metered for both gas and electricity, a rare occurrence among buildings constructed in this time period. Because of its proximity to the venues of numerous 2028 Summer Olympic events, the property sits in the direct path of scheduled infrastructure

Location

State CA

County Los Angeles

Zoning LAC2

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 5137010012

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap

NEARBY SCHOOLS & PROPERTIES

Danielle Broad

+1(925) 383-9200

danielle.broad@exprealty.com

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