Description
Experience a rare value-add opportunity in vibrant West Los Angeles with 11565 Iowa Avenue, a fully renovated low-rise multifamily asset boasting three spacious units. Originally built in 1928 and extensively refreshed in 2022, the property blends historic charm with modern finishes, featuring private outdoor seating and patio areas ideal for today’s renter preferences. Each of the three units averages 731 rentable square feet, delivering desirable one-bedroom layouts with high-end fixtures and in-unit laundry hookups.
Priced attractively at $1,735,000 ($791.51 per square foot), this...
Documents
Sale Details
- Cap Rate5.20%
- NOI$90,293
- Stabilized Cap Rate5.89%
- Stabilized NOI$102,173
- In-Place Cap Rate5.20%
- In-Place NOI$90,293
- GRM14.32
- Potential GRM13.04
- In-Place Rents3,365
- Market Rents3,695
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units3
- Available Units1
- Occupancy67%
- Unit Mix2BR
- Average Unit Size731 SF
- Average Rent3,365 $/mo
- Year Built1928
- Year Renovated2022
- ZoningR3-1
- APN4261-013-022
Property Details














Deal Team

Description
Experience a rare value-add opportunity in vibrant West Los Angeles with 11565 Iowa Avenue, a fully renovated low-rise multifamily asset boasting three spacious units. Originally built in 1928 and extensively refreshed in 2022, the property blends historic charm with modern finishes, featuring private outdoor seating and patio areas ideal for today’s renter preferences. Each of the three units averages 731 rentable square feet, delivering desirable one-bedroom layouts with high-end fixtures and in-unit laundry hookups.
Priced attractively at $1,735,000 ($791.51 per square foot), this...
Documents
Sale Details
- Cap Rate5.20%
- NOI$90,293
- Stabilized Cap Rate5.89%
- Stabilized NOI$102,173
- In-Place Cap Rate5.20%
- In-Place NOI$90,293
- GRM14.32
- Potential GRM13.04
- In-Place Rents3,365
- Market Rents3,695
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units3
- Available Units1
- Occupancy67%
- Unit Mix2BR
- Average Unit Size731 SF
- Average Rent3,365 $/mo
- Year Built1928
- Year Renovated2022
- ZoningR3-1
- APN4261-013-022
Property Details
Deal Team

