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Los Angeles, CA 90006 2003 W 11th Street

$1,190,000

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Presented By: Jake Welch with Silverwood Properties;
  • MLS# 24382269
  • 04/20/2024
  • Request Tour
  • Request Info
  • BedBeds • 11
  • BathBaths • 10
  • FootageSQFT • 6,990

Home Details

Suppose you could get an income property that cash-flowed on day one despite high interest rates, had huge upside, was in a good location, had ample parking and had recent inspection reports that show the property has no significant flaws? You would say, "that's impossible. Not in THIS market," right? And you would be correct. But this 10 unit property is the exception that proves the rule! And we have all the "receipts," so to speak and they can all be made available to you BEFORE going into escrow or even writing an offer. As far as location, this is a 5 minute drive from downtown without using the freeway. But I would hurry if I were you, as a "unicorn" such as this will not last on the market long.
Presented By: Jake Welch with Silverwood Properties;

Interior Features for 2003 W 11th Street

Bedrooms

Total Bedrooms11

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths10

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 2003 W 11th Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.6
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
Days on Market2
DirectionsJust east of Alvarado and South of Olympic Blvd
Garage Y/NNo
Gross Income117252.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7561.0
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income58859.0
New ConstructionNo
Open Parking Spaces9.0
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Street Name11th
Total Units10
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1960
Year Built SourceAssessor
ZoningLAC1

Exterior for 2003 W 11th Street

Building Area Total6990.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x150
Lot Size Acres0.1736
Lot Size Area7561.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
LotDimensionsSourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesUncovered
SpaNo
Total Parking9.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,190,000
MLS#24382269
List Date 04/20/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors