1840 11th Place Los Angeles, CA ^$ 1,775,000

1840 11th Place

^$ 1,775,000

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1840 11th Place

Los Angeles, CA, 90006

^$ 1,775,000

Bedrooms11 Baths11.0 Sq 3,744

Monthly Estimate*

^$ 12,399

Listed by Lyon Stahl Investment Real Estate, Inc.

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Multi-Family Home for sale in Los Angeles, CA

for $1,775,000 with 11 bedrooms and 11 full baths. This 3,744 square foot home was built in 2022 on a lot size of 0.0956.

Built in 1900 but completely gutted with a new CofO in January 2022, 1840 W 11th Pl, Los Angeles is a high cash-flowing, renovated 6 unit building located near Downtown. The property is currently operating at 7% CAP Rate and 9 GRM. This is the ideal opportunity for any buyer looking for a low-maintenance, positive leverage asset with high in place cash flow. The subject property is comprised of (1) 4Bed/4Bath, (1) 3Bed/3Bath and (4) Studio/1Bath units. All units have been extensively renovated, including floors, cabinets, bathrooms and all major systems. 1840 W 11th Pl is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops and restaurants nearby, making it a prime location for renters.

Multi-Family Active

Price

^$ 1,775,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.0956

Year Built

2022

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB24005846

Days on Market

122

Features

General

Sewer PublicSewer

Garage Spaces 0.0

Pool Features None

Year Built 2022

Property SubType Apartment

Gross Income 196701.0

Community Features Urban

County Los Angeles

Net Operating Income 131417.0

Operating Expense 59383.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Off Alvarado and Pico

City Los Angeles

Entry Location Front

View Y/N N

Senior Community Y/N N

Total Units 6

MLS Area KREA - Koreatown

Lot Size Square Feet 4166.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 11th

Listing Terms CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 64

Building Area Units SquareFeet

Standard Status Active

Year Built Source Other

Tax Lot 0

Property Sub Type Additional Apartment

Expected Active Date 2024-01-16

Cap Rate 7.4

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 0.0

Lot Size Area 4166.0

Number of Buildings 1

Spa N

Building Area Total 3744.0

Lot Size Acres 0.0956

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 1

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Place

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1840

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 425-9838

Phone

Affordability Calculator

$12,399

Per Month

Monthly Principal & Interest: $12,399
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,002,342

Percent of Sale Price 13%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/19/2024	$1,775,000	-1.39%	Price Down
1/17/2024	$1,800,000		Listed Price

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1840 11th Place, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $1,775,000 with 3,744 sqft and a lot size of 0.0956. 1840 11th Place has 11 bedrooms, 11.0 baths, and was built in 2022. The property's zip code is 90006 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/11/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1840 11th Place

Multi-Family Home for sale in Los Angeles, CA

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