3050 W 11th St

3050 West 11th Street Los Angeles, CA 90006 39 Units
3050 W 11th St

Investment Highlights

  • Prime Location in Koreatown
  • Not Subject to LA RSO and AB-1482
  • Brand New Construction with Desirable Features
  • Excellent Unit Mix with Large 2- and 3-Bedroom Floorplans
  • Convenient to Shopping, Dining and Retail
  • Transit Oriented Location

Property Description

The Mogharebi Group is pleased to present the opportunity to acquire a 39-unit multifamily community located in the city of Los Angeles, California. Newly built in 2023, the property is comprised of a six-story, mid-rise rental building that houses a diverse unit mix comprised of one-bedroom, two-bedroom, and three bedroom floorplans ranging from 877 to 1,424 square feet. The asset is highly amenitized with luxury plank flooring throughout the unit, stackable washer and dryer, state-of-the-art stainless-steel appliances, quartz countertop, balcony, elevator, bike racks, and subterranean parking wired for EV-charging.

3050 West 11th Street
Los Angeles, CA 90006
The property is well located in the heart of Koreatown and convenient to delectable authentic Korean restaurants, shopping, Hobart Boulevard Elementary School, Seoul International Park, The Wiltern Theater, and bustling nightlife. As one of the most densely populated neighborhoods in Los Angeles occupying approximately three square miles, Koreatown is ethnically diverse with a rich history and an urban vibe while being centrally located and convenient to transit lines, which link the area to the Westside, downtown, and Hollywood. In recent years, Koreatown has experienced a surge of large-scale development including multifamily, hotel, and mixed-use projects mostly focused around the Wilshire corridor. The demand for multifamily development in this submarket continues to this day with over 3,600 units planned or under construction.

The property also enjoys easy access to the 10, 110, 101, and 2 Freeways, which connect residents to the education, retail, entertainment, dining, and employment centers found throughout Greater Los Angeles.

Listing Advisors

Otto Ozen

Executive Vice President

(909) 235-7886

CA Lic. #01030086

Based on this listing

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