1211 W 11Th St — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90015

Investment Figures

Cap rate
7.42%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to announce the opportunity to purchase 1211 W 11th Street, a 33-unit multifamily property situated in Downtown Los Angeles, CA. The building is located less than 400 feet from LA Live, the $2.5 billion campus housing 5,600,000 square feet of sports and entertainment venues. Also adjacent to the property are Crypto.com Arena, LA Convention Center, and numerous new retail and entertainment destinations. Available at an attractive 7.42% CAP Rate based on current income, an investor can gain a substantial foothold in the Downtown Los Angeles submarket for the comparatively low price of only $115,152 per apartment unit. In addition to enjoying strong immediate cash flows, a new owner can also dramatically improve returns over time, as current rents are approximately 40% below market. The building is not on the Los Angeles Department of Building and Safety’s seismic retrofit list (Buyer to verify), which will save a new owner from an otherwise costly expense. Several capital improvements have been made at the property recently, including an all new electric system, updated plumbing, new windows, a new front gate, and new hallway tile. The building is also separately metered for both gas and electricity, a rare occurrence among buildings constructed in this time period. Because of its proximity to the venues of numerous 2028 Summer Olympic events, the property sits in the direct path of scheduled infrastructure improvements that should boost the entire local neighborhood. Investment Highlights: • Attractively Priced at a 7.42% CAP Rate and a 7.37 GRM for Wood Frame/Stucco Construction • Less Than 400 Feet From LA Live, Crypto.com Arena, LA Convention Center • Several Recent Capital Improvements – New Windows, Entirely New Electrical System, Updated Plumbing, New Front Gate, New Hallway Tile • Separately Metered for Gas and Electricity • Outstanding Opportunity to Add Value – Current Rents Approximately 40% Below Market Rates • Directly Adjac

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 7.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 7.4% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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