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2121 W 11Th Street

Los Angeles, CA 90006

$9,450,000

List Price

20

bed Beds

54

shower Baths

37,108 sqft

straighten / sqft

1924

calendar_month Built

Property Description

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.

Listing Information

List Price $9,450,000
Status Active
MLS 24403505
Type Residential Income
Year Built 1924
Lot Size 15,064
Structure Size 37,108
DOM 62
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent Janet Neman DRE#01069127
Co-Listing Agent Angelica Gotzev DRE#02053007

Interior Features

Total Bedroom
Bedrooms 20
Total Bathroom
Bathrooms 54
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type None

Exterior Information

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Listing information courtesy of: Janet Neman, Angelica Gotzev, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:43 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.