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Los Angeles, CA 90006 1840 11th Place

$1,775,000

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Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
  • MLS# SB24005846
  • 01/10/2024
  • Request Tour
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  • BedBeds • 11
  • BathBaths • 11
  • FootageSQFT • 3,744

Home Details

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.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556

Interior Features for 1840 11th Place

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixPlace
Total Stories2

Other Rooms

Entry Level1

General for 1840 11th Place

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.4
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
Days on Market64
DirectionsOff Alvarado and Pico
Electric Expense0.0
Entry LocationFront
Expected Active Date 2024-01-16
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income196701.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet4166.0
MLS AreaKREA - Koreatown
MobileHomeRemainsYNNo
Net Operating Income131417.0
New ConstructionNo
Operating Expense59383.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street Name11th
Tax Lot0
Total Units6
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built2022
Year Built SourceOther

Exterior for 1840 11th Place

Building Area Total3744.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.0956
Lot Size Area4166.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,775,000
MLS#SB24005846
List Date 01/10/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors