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    1839 W 11Th Place

    Los Angeles (City), CA 90006
    • $1,499,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: 21705690
    UPDATED: 31 min ago
    $1,499,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,169
      SQFT
    • $473
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:

    School Ratings & Info

    Description

    Welcome to a well maintained 4 unit property that has low maintenance/costs boasting close to a HARD TO FIND 6.5% CAP rate. Property consists of 2 buildings. Front building has a unit down stairs and a unit up stairs. The rear building has 2 units. Ownership has invested $200k+ in improvements. Full copper plumbing, some upgraded electrical, and some upgraded drainage, some upgraded windows, & more. Stable tenants all current and paying rent. The property is being sold AS IS. Property is historic per Zimas. Inside with accepted offer. Do Not disturb tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T19:36:26.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
    www.necolrealty.com/homes/115204638
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    1839 W 11Th Place Los Angeles (City), CA 90006

    • Price: $1,499,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: 21705690
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,169
    SQFT
    $473
    $/SQFT
    1890
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Welcome to a well maintained 4 unit property that has low maintenance/costs boasting close to a HARD TO FIND 6.5% CAP rate. Property consists of 2 buildings. Front building has a unit down stairs and a unit up stairs. The rear building has 2 units. Ownership has invested $200k+ in improvements. Full copper plumbing, some upgraded electrical, and some upgraded drainage, some upgraded windows, & more. Stable tenants all current and paying rent. The property is being sold AS IS. Property is historic per Zimas. Inside with accepted offer. Do Not disturb tenants.
    Exterior Features

    Parking Features None

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Gross Income 126000 Insurance Expense 2000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 350 Net Operating Income 96950 New Taxes Expense 18750 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Actual Rent 10500 Vacancy Allowance Rate 0 Water Sewer Expense 4800 Zoning Lard1.5

    Listing provided courtesy of Fred Nabati of Trimax Realty, Inc. and Morris Peykar of Trimax Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T19:36:26.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
     
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    Realty ONE Group Southwest
    41463 Margarita Rd. Suite 100
    Temecula CA, 92591