2562 W 11th St, Los Angeles, CA 90006
See all 16 photos
2562 W 11th St, Los Angeles, CA 90006
2562 W 11th St, Los Angeles, CA 90006
2562 W 11th St, Los Angeles, CA 90006
2562 W 11th St, Los Angeles, CA 90006
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,550,000
Est. payment /mo
Save
Price Dropped by $100K

2562 W 11th St Los Angeles, CA 90006

8 Beds

8 Baths

6,270 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,270 sqft

Price per Sqft $247

MLS Listing ID 26998947

Style Mid-Century

Bedrooms 8

Year Built 1939

Lot Size 10,008 Sqft

Acres 0.2298

Property Sub-Type Multi-Family

Property Description

2562 W. 11th St. is an 8 unit apartment building ideally located in Koreatown just blocks from the intersection of Vermont Ave and Olympic Blvd. Built in 1939, the property consists of (8) 1 bed / 1 bath units spread out over 6,270 net rentable square feet and sits on a large 10,005 square foot LAR4 zoned lot. Each unit offers a spacious layout of approximately 784 square feet, and the property features eight private garages, a rare amenity in one of the densest neighborhoods in Los Angeles. With approximately 39% upside in rents, 2562 W. 11th St. is a true value-add opportunity, while the large LAR4 lot and detached garages create potential for future ADU development, giving an investor multiple paths to grow income and long term value. Koreatown has established itself as one of the most vibrant rental markets in Los Angeles, with a nonstop dining, nightlife, and entertainment scene that draws renters from across the city. The Vermont and Olympic corridor just north of the property is set for a major transformation with Link Kora, a full-block mixed-use development by Grubb Properties planned to bring 228 new apartments and Target-anchored retail to the neighborhood. The property has a Walk Score of 87, with Metro Rapid service along Vermont Ave, the Metro B and D Lines at Wilshire/Vermont, and quick access to the 10 and 110 Freeways connecting tenants to Downtown LA, Hollywood, and the Westside. The combination of a central location, significant rental upside, and a large LAR4 lot makes this an opportunity to own a generational asset in one of LA's most dynamic neighborhoods.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Fireplaces Type None

Equipment Refrigerator, Range/Oven

Laundry None

Exterior

Parking Features Covered Parking, Detached, Garage Is Detached, Private Garage

Garage Spaces 8.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Roof Type Composition, Shingle

Building

Lot Description Single Lot

Story 2

Sewer In Street

Water Public

Architectural Style Mid-Century

Level or Stories Multi/Split

Structure Type Stucco

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
Andrei Rafols

Andrei Rafols

Agent CA DRE# 02020881

+1(310) 651-1906

GET MORE INFORMATION

Name
Phone*
Message

Go tour this home

2562 W 11th St