Huge ~225k Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 6.5% Cap Rate from day 1 with upside to an 11.9% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 13.5% Current Cap Rate, 16.9% Proforma Cap, and only 144k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!
Details
MLS #
26852461
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Year
1924
Days On Site
63
Listing Provided By
Global Platinum Properties, Inc. | Armin Soleimani
Features
Bed(s)
7
Bath(s)
6
SQ Feet
2,838
Story(s)
1
Units
6
Building(s)
3
Zoning
LARD1.5
Acreage
0.15
Interior
Heating
Wall Furnace
Heating Yes / No
Yes
Parking
Parking Features
Gated
Area Information
State
CA
County
Los Angeles
City
Los Angeles
Zip Code
90011
Area
C42 Downtown L.A.
Listing VS Median (in 90011)
Price: $1,070,000
low | high
Med: $750,000
79.906542056075% of Average
sqft: 2,838
low | high
Med: 2,881
48.484848484848% of Average
$ / sqft: $377
low | high
Med: $261
80.877554278347% of Average
On site: 63
low | high
Med: 63.5
99.212598425197% of Average
Sourced by Back At You
Market Activity 90011
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Jul 2026
Sales: 2
Avg $ Per SqFt: $423.88
Min Sale Price: $675,000
Max Sale Price: $885,000
Med Sale Price: $780,000
Date: Jun 2026
Sales: 2
Avg $ Per SqFt: $322.6
Min Sale Price: $560,000
Max Sale Price: $710,000
Med Sale Price: $635,000
Date: May 2026
Sales: 9
Avg $ Per SqFt: $402.76
Min Sale Price: $465,000
Max Sale Price: $1,400,000
Med Sale Price: $699,000
Date: Apr 2026
Sales: 7
Avg $ Per SqFt: $374.99
Min Sale Price: $455,000
Max Sale Price: $1,325,000
Med Sale Price: $599,000
Date: Mar 2026
Sales: 12
Avg $ Per SqFt: $421.25
Min Sale Price: $420,000
Max Sale Price: $1,700,000
Med Sale Price: $588,750
Date: Feb 2026
Sales: 9
Avg $ Per SqFt: $455.76
Min Sale Price: $445,000
Max Sale Price: $950,000
Med Sale Price: $593,777
Date: Jan 2026
Sales: 14
Avg $ Per SqFt: $406.32
Min Sale Price: $499,000
Max Sale Price: $1,400,000
Med Sale Price: $608,000
Date: Dec 2025
Sales: 1
Avg $ Per SqFt: $274.75
Min Sale Price: $1,160,000
Max Sale Price: $1,160,000
Med Sale Price: $1,160,000
Date: Nov 2025
Sales: 4
Avg $ Per SqFt: $423.25
Min Sale Price: $555,000
Max Sale Price: $2,775,000
Med Sale Price: $640,000
Date: Oct 2025
Sales: 4
Avg $ Per SqFt: $362.89
Min Sale Price: $680,000
Max Sale Price: $935,000
Med Sale Price: $762,500
Date: Sep 2025
Sales: 1
Avg $ Per SqFt: $190.92
Min Sale Price: $1,160,000
Max Sale Price: $1,160,000
Med Sale Price: $1,160,000
Date: Aug 2025
Sales: 4
Avg $ Per SqFt: $316.09
Min Sale Price: $500,000
Max Sale Price: $820,000
Med Sale Price: $520,000
Sourced by Back At You
Jul 2026
Sales:
2
Avg $ Per SqFt:
$423.88
Min Sale Price:
$675,000
Max Sale Price:
$885,000
Med Sale Price:
$780,000
Jun 2026
Sales:
2
Avg $ Per SqFt:
$322.6
Min Sale Price:
$560,000
Max Sale Price:
$710,000
Med Sale Price:
$635,000
May 2026
Sales:
9
Avg $ Per SqFt:
$402.76
Min Sale Price:
$465,000
Max Sale Price:
$1,400,000
Med Sale Price:
$699,000
Apr 2026
Sales:
7
Avg $ Per SqFt:
$374.99
Min Sale Price:
$455,000
Max Sale Price:
$1,325,000
Med Sale Price:
$599,000
Mar 2026
Sales:
12
Avg $ Per SqFt:
$421.25
Min Sale Price:
$420,000
Max Sale Price:
$1,700,000
Med Sale Price:
$588,750
Feb 2026
Sales:
9
Avg $ Per SqFt:
$455.76
Min Sale Price:
$445,000
Max Sale Price:
$950,000
Med Sale Price:
$593,777
Jan 2026
Sales:
14
Avg $ Per SqFt:
$406.32
Min Sale Price:
$499,000
Max Sale Price:
$1,400,000
Med Sale Price:
$608,000
Dec 2025
Sales:
1
Avg $ Per SqFt:
$274.75
Min Sale Price:
$1,160,000
Max Sale Price:
$1,160,000
Med Sale Price:
$1,160,000
Nov 2025
Sales:
4
Avg $ Per SqFt:
$423.25
Min Sale Price:
$555,000
Max Sale Price:
$2,775,000
Med Sale Price:
$640,000
Oct 2025
Sales:
4
Avg $ Per SqFt:
$362.89
Min Sale Price:
$680,000
Max Sale Price:
$935,000
Med Sale Price:
$762,500
Sep 2025
Sales:
1
Avg $ Per SqFt:
$190.92
Min Sale Price:
$1,160,000
Max Sale Price:
$1,160,000
Med Sale Price:
$1,160,000
Aug 2025
Sales:
4
Avg $ Per SqFt:
$316.09
Min Sale Price:
$500,000
Max Sale Price:
$820,000
Med Sale Price:
$520,000
MLS#: 26852461 Listed By: Armin Soleimani - Global Platinum Properties, Inc. - 4243941030-
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MLS#: 26852461 Listed By: Armin Soleimani - Global Platinum Properties, Inc. - 4243941030-
