1631 W 11th Place Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90015
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID OC25157492
Bedrooms 4
Lot Size 6,127 Sqft
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Conventional,Exchange
Property Type Res Income 2-4 Units
Property Description
ACTUAL 9.0 GRM/7.0% CAP RATE. PRO FORMA 7.8 GRM/8.7% CAP RATE! This 5 unit property is comprised of two separate buildings totaling 4,430sf in size. In the rear is a large 1,198sf home built in 1980 with 3 bed/1 bath. The front building was built in 1910 and is approx. 3,232sf in size comprised of (4) 1/1 units that are each 808sf. One unit is delivered vacant and in rent ready condition allowing for immediately occupancy.This property allows potential for an owner-occupier to live in one or more of the units. Or, a savvy investor can maximize rents and even utilizeSection 8 to create immense equity & cash flow. On a 6,127sf lot zoned RD1.5, this property is well located in Los Angeles near Downtown, CryptoArena, & close proximity to USC, Koreatown, and the 110 freeway. Located off 110 Freeway in Pico-Union close to Downtown, LA Live, CryptoArena, Koreatown, USC, Local Parks, & tons of Restaurants & Shops.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Off 110 fwy, on 11th st near Union Ave.
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Tax ID 5137019024
Acceptable Financing Cash,Conventional,Exchange
Listing Terms Cash,Conventional,Exchange