2121 W 11th St

For Sale

2121 W 11th St, Los Angeles, CA 90006

This Los Angeles property for sale is located at 2121 W 11th St. The current listed sale price for 2121 W 11th St is $9,450,000. 2121 W 11th St is situated on a lot that is 0.35 acre in size.

Contacts

broker
Janet Neman

Kidder Mathews

broker
Angelica Gotzev

Kidder Mathews

Property Details

  • Property Type Multi-Family
  • Property Size 37,108 SF
  • Units 54
  • Lot Size 0.35 Acre
  • Cap Rate % 6.16
  • Additional Rent Contact for pricing
  • Year Built 1924
  • Date Updated Sep 24, 2024

Kidder Mathews is pleased to present the opportunity to acquire, 2121 W 11th Street, a unique 54-unit apartment building located in Pico-Union near 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. Tenants are within walking distance to major bus lines on Hoover St and Olympic Blvd and 0.6 miles to the Westlake/MacArthur Park Purple/Red Line Metro Stations, connecting them to Downtown Los Angeles. The Purple Line is currently undergoing construction to extend the line by 2026 with new stations servicing Beverly Hills, Westwood and Brentwood. Further, the Property is centrally located near major employment centers including Downtown LA, Beverly Hills, Century City, Hollywood, West Hollywood, and Mid-Wilshire. Tenants are able to walk to Loyola Law School and minutes to Downtown Los Angeles. 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.

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Getting around

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Location

  • City Los Angeles, CA
  • Neighborhood Pico - Union
  • Zip Code 90006
  • Market Los Angeles

Points of Interest

  • Westlake/MacArthur Park

    0.52 miles

  • 7th Street/Metro Center

    1.26 miles

  • Wilshire/Normandie

    1.33 miles

  • 7th Street/Metro Center Station

    1.33 miles

  • Wilshire/Normandie Station

    1.33 miles

  • Grand/LATTC

    1.42 miles

  • Pershing Square

    1.72 miles

  • Wilshire/Western Station

    1.74 miles

  • Wilshire/Western

    1.74 miles

  • Grand Avenue Arts/Bunker Hill

    1.75 miles

  • 76

    0.41 miles

  • Chevron

    0.76 miles

  • Arco

    1.09 miles

  • Shell

    1.30 miles

  • Electric Vehicle Charging Station

    2.10 miles

  • FLO

    6.03 miles

  • Tesla Supercharger

    7.49 miles

  • Culver City Supercharger

    7.65 miles

  • Parking electrique

    7.76 miles

  • Metro Kiss and Ride

    0.53 miles

  • Bond Lot

    0.82 miles

  • West Garage

    0.83 miles

  • Employee Lot

    0.85 miles

  • Vermont & WIlshire Parking Lot -LADOT Facility No. 691

    0.86 miles

  • East Garage

    0.98 miles

  • Venice Parking Garage

    1.08 miles

  • FIGat7th

    1.09 miles

  • SP+

    1.21 miles

  • The Metropolitan Apartments Parking Garage

    1.22 miles

  • Tuscan Garden Inn

    0.07 miles

  • Casa Bella Inn

    0.19 miles

  • Rodeway Inn Convention Center

    0.20 miles

  • Ramada Los Angeles/Downtown West

    0.22 miles

  • Staples Centre Inn

    0.26 miles

  • New seoul hotel

    0.50 miles

  • Hotel Solaire

    0.55 miles

  • Hollywood Stay

    0.65 miles

  • Holiday Inn Express

    0.68 miles

  • Park Plaza Hotel

    0.70 miles

  • Northgate Market

    0.14 miles

  • Food 4 Less

    0.19 miles

  • Ross

    0.22 miles

  • Numero Uno Markets

    0.34 miles

  • Two Guys Plaza

    0.60 miles

  • Hannam Chain Supermarket

    0.66 miles

  • El Super

    0.66 miles

  • Target

    0.90 miles

  • L.A. Live

    1.05 miles

  • Grocery Outlet

    1.12 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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