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California>Los Angeles>Pico Union

1651 W 11th PlaceLos Angeles, CA 90015

For Sale

$895,000

Smart Buyer Rebate $8,950

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.

Listed by Sean Namigohar

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License #01949705

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Lyon Stahl Investment Real Estate, Inc.

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310-909-2393

Last updated April 30, 2026

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Source: CRMLS #26666377

Listing Facts

  • TypeMulti-family
  • NeighborhoodPico Union
  • Bedrooms4
  • Days on Prevu44
  • Size4,904 sqft
  • Price per sqft$183

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

04/28/2026
Price Decreased
$895,000
03/18/2026
Listed by Lyon Stahl Investment Real Estate, Inc.
$925,000

Property Details for 1651 W 11th Place

Exterior

Construction

  • Number Of Units Total: 4
  • Year Built: 1911

Measurements

  • Building Area Total: 4,904
  • Lot Size Acres: 0.14
  • Lot Size Area: 6,129
  • Lot Size Square Feet: 6,129
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.76
  • Gross Income: $79,920.00

Taxes

  • Parcel Number: 5137019020

Interior

Measurements

  • Living Area: 4,904

Rooms

  • Bathrooms Total Integer: 4
  • Bedrooms Total: 4

Parking

Parking

  • Parking Features: Driveway

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 4 bedrooms in this multi-family home at 1651 W 11th Place.

How does 1651 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 71 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 4,904 sqft.

1651 W 11th Place is a 4-bedroom multi-family home for sale in Los Angeles CA 90015. Available on Prevu for 44 days at $895,000. This includes a recent price decrease of $30,000. This property features 4,904 square feet of living space, located in Pico Union. The median listing price for multi-family homes in this area is $1,200,000. Additional amenities include 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.

Full MLS Disclaimers

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.