1631 W 11th Place, Los Angeles, CA 90015

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Glen Henderson

[email protected] +1(619) 889-7646

$925,000

Est. payment - /mo

4 Beds

6,127 Sqft Lot

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UPDATED:

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

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Listed by Brian Noh Nohco Real Estate

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1631 W 11th Place Los Angeles, CA 90015

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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