11565 Iowa Avenue, Los Angeles, CA 90025

• 4 beds
• 1,508 sqft

Property Description

The LAAA Team of Marcus & Millichap is 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,

Listing Status:

Active

Date Added:

February 11, 2026

Data Last Updated:

February 16, 2026 at 7:08AM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Filip Niculete : 818-212-2763

MLS ID:

CL26650871

Interior

• A/C: Central Air
• Heating: Central

Exterior

• Parking: Street Parking

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR34261013022

Financial

• Source: CRMLS