1651 W 11th Place, Los Angeles, CA 90015

About this property

Nami Investment Group is proud to present a 4-unit value-add property near Downtown Los Angeles featuring large ~1,200 SF 1-bedroom units with living, dining, and in-unit laundry areas. The property features potential ADU development behind the building towards the back of the lot. The property is separately metered for gas and electric. Offered at a low $182/SF with a 5.8% cap rate, the building provides day-one cash flow and significant future upside in rents and ADU potential. Two units have been meticulously remodeled to achive high market rents. This is a prime infill location close to major DTLA attractions and employment centers.

Listing description from the August 2026 sale, as reported to CRMLS.

Sale history

$850,000

Sold August 2026 · listed $895,000, orig. $925,000, on market March 2026 · MLS #26666377 · Source: CRMLS

Listing Agent: Sean Namigohar · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Genny Fang · Vylla Home, Inc.

$900,000

Sold August 2021 · listed $990,000, orig. $1,100,000, on market February 2021 · MLS #OC21021578 · Source: CRMLS

Listing Agent: Jorge Stambuk · Listing Office: CRES Homes · Contact: 562-644-4477 · Bought with: Shawn Raoufpour · Gold Realty

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