11565 Iowa Ave, Los Angeles, CA 90025
11565 Iowa Ave, Los Angeles, CA 90025
11565 Iowa Ave, Los Angeles, CA 90025
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$1,735,000
Est. payment /mo
6 Beds
4 Baths
2,192 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,192 sqft

Price per Sqft $791

MLS Listing ID 26650871

Bedrooms 6

Year Built 1928

Lot Size 2,784 Sqft

Acres 0.0639

Property Sub-Type Multi-Family

Property Description

Pleased to present 11565 Iowa Avenue, a renovated three-unit multifamily investment offering turnkey condition, a fully permitted ADU, and one vacant unit for immediate occupancy in West LA's highly desirable Sawtelle neighborhood. Situated steps from the celebrated Sawtelle Japantown dining district and moments from Santa Monica, the property appeals to both investors seeking a stabilized asset in a premier location and owner-users looking to live in one unit while generating rental income from the remaining two. Originally constructed in 1928, the property was comprehensively renovated in 2022 and includes a garage-to-ADU conversion completed under permit with Certificate of Occupancy issued April 2022. The property totals approximately 2,192 rentable square feet across three two bedroom units, each featuring modern finishes, in-unit washer/dryer, and central air conditioning. The garage conversion to ADU means the property offers no on-site parking, though street parking is readily available on this quiet residential street. The current owner has maintained the property in excellent condition with scheduled rents of $121,140 annually, reflecting a 4.8% cap rate at the $1,850,000 asking price. The property is fully occupied and stabilized, providing immediate, consistent cash flow and long-term income stability for an investor. The all two-bedroom unit mix represents the most desirable configuration for the West LA rental market, where strong demographics including 71.8% renter households and a $104,627 median household income, support consistent tenant demand and rental rate stability.

Location

State CA

County Los Angeles

Area West L.A.

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Other

Exterior

Parking Features On street

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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