1615 W 11th Street, Los Angeles (City)

$690,000

0 Beds
0 Baths
3,227 Sqft
4,016 Lot Sqft
0 Garages

Currently, a lucrative rental, this investment property is located in a commercial zone and provides numerous opportunities. The property is ideally located next to a newly built elementary school and near the Staples Center, LA Live and the Convention Center. Its owner can choose to keep the units as long-term rentals, convert it to Airbnb units, or even develop it for a business downstairs and offices upstairs. The owner makes an additional $1,500 a year with a billboard contract.
Featuring beautiful hardwood flooring, the property is currently designed as 6 permitted long-term rental units. Downstairs, there is a 1600-square-foot unit with 2 bedrooms, 3 bathrooms, and a kitchen. Upstairs, the units provide a dorm-style living, with 5 separate permitted units sharing 2 large bathrooms. Two units enjoy airy doors leading to balconies.

Essential Information
MLS® #CV18240375
Price$690,000
Bathrooms0.00
Square Footage3,227
Lot Sqft4,016
Acres0.09
Year Built1905
TypeResidential Income
StatusActive
No of Units6
Community Information
Address1615 W 11th Street
AreaWrigley Area (5)
CityLos Angeles (City)
CountyLos Angeles
StateCA
Zip Code90015
Interior
AppliancesNone
CoolingNone
StoriesTwo
Exterior
Lot Description0-1 Unit/Acre
Additional Information
Date ListedOctober 2nd, 2018
Days on Market306
ZoningLAC1
Listing Details
AgentJoel Balswick(01871230)
OfficeEXP REALTY OF CALIFORNIA INC
Property History
Price Reduced from $850,000 to $690,000
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of October 18th, 2019 at 8:43pm CDT. 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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