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 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 + Rent Control. 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 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 proximity to Downtown LA, Koreatown, major transit routes, employment hubs, and neighborhood amenities. 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.
Listed by Cassie Corsaro
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License #02047543
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Nest Seekers
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714-864-6615
Last updated March 10, 2026
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Source: CRMLS #26651923
Listing Facts
TypeMulti-family
NeighborhoodPico Union
Bedrooms9
Days on Prevu31
Size3,700 sqft
Price per sqft$243
Amenities
Parking
Location
Mortgage Calculator
Listing History
03/10/2026
Price Decreased
$899,000
02/13/2026
Listed by Nest Seekers
$959,000
Property Details for 1516 W 11th Place
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Property Condition: Fixer, Updated/Remodeled
Stories Total: 2
Year Built: 1912
Architectural Style: Craftsman
Common Walls: 1 Common Wall
Features
View: City Lights, Courtyard
Measurements
Building Area Total: 3,700
Lot Size Acres: 0.14
Lot Size Area: 6,253
Lot Size Square Feet: 6,253
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $47,851.00
Taxes
Parcel Number: 5137025017
Interior
Features
Appliances: Microwave, Oven
Flooring: Wood
Measurements
Living Area: 3,700
Rooms
Bathrooms Total Integer: 5
Bedrooms Total: 9
Parking
Parking
Parking Features: Driveway, Guest
Utilities
Equipment
Heating: Central
Has Heating: Yes
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 9 bedrooms in this multi-family home at 1516 W 11th Place.
How does 1516 W 11th Place compare to other multi-family homes in Pico Union?
This multi-family home is listed 53% below the average price for multi-family homes in Pico Union and has been on the market for 84 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 3,700 sqft.
1516 W 11th Place is a 9-bedroom multi-family home for sale in Los Angeles CA 90015. Available on Prevu for 31 days at $899,000. This includes a recent price decrease of $60,000. This residence features 3,700 square feet of living space, located in Pico Union. The median listing price for multi-family homes in this area is $1,200,000. The home offers parking. Explore more multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.