Property listed by REMAX COMMERCIAL & INVESTMENT REALTY, Robert Renshaw 310-802-2500
$1,750,000
***MAY BE PURCHASED INDIVIDUALLY OR IN COMBINATION WITH ANY OR ALL OF 3333 4TH ST, 601 N ROSSMORE, 100 N KENMORE & 508 S HOBART*** 1311 Ingraham St is a 21-unit multifamily property in Los Angeles' Westlake neighborhood, constructed in 1922 and offering a compact but well-located residential asset in… Read More close proximity to Downtown LA. The building is comprised primarily of smaller units, with individual residences generally ranging from approximately 390 to 530 square feet, serving a deep renter demographic drawn to Central LA living. The property benefits from being in a highly walkable and transit-rich location, with a Walk Score and Transit Score in the mid-90s, reflecting frequent access to Metro rail and bus service as well as pedestrian-oriented connectivity to the broader Los Angeles job market. Its immediate surroundings include a mix of residential, institutional, and commercial uses typical of Westlake and the adjacent City West/Downtown corridors, with easy access to major employment centers, cultural destinations, and civic amenities. Nearby points of interest include the vibrant core of Downtown Los Angeles with its theaters, museums, historic districts, and restaurants, as well as green spaces like MacArthur Park within a short walk. The property's location also places it near educational and medical institutions, mixed-use developments, and emerging new residential communities contributing to localized demand. As an investment, 1311 Ingraham St offers a centrally located residential cash flow profile with exposure to ongoing growth in central LA rental demand. The building's proximity to Downtown and high transit accessibility support broad renter appeal, while unit sizes and configuration provide flexibility for repositioning or modernization programs. In addition, the Westlake/City West area continues to see development and infrastructure activity that can support long-term rent growth and asset value stability. Read Less
Listing Snapshot
Days Online
103
Last Updated
Beds
1
3/4 Baths
21
Square Ft.
10,380
Lot Size
0.16 Acres
Year Built
1922
MLS Number
26850647
Additional Details
Building
Built in 1922, Living area: 10380.0, 1 building, 2 stories, Levels: MultiSplit
Income
Gross Income: $222,384, Net Operating Income: $91,259
Lot
0.1645 acres
Parking
None
Taxes
Parcel Number: 5143014006, Zoning: LACW
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Based on information from California Regional Multiple Listing Service, Inc. as of 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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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