$1,775,000
1840 11th Place, Los Angeles 90006
11
Baths
4,166
Lot Size
6
# Of Units
Listing Agent
Cameron Samimi - Lyon Stahl Investment Real Estate, Inc.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.
Facts & Features
| MLS® # | SB24005846 |
|---|---|
| Price | $1,775,000 |
| Bathrooms | 11.00 |
| Lot Size | 4,166 |
| Year Built | 2022 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
| # Of Units | 6 |
Community Information
| Address | 1840 11th Place |
|---|---|
| Area | KREA - Koreatown |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90006 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | 0-1 Unit/Acre |
|---|
Additional Information
| Date Listed | January 10th, 2024 |
|---|---|
| Days on Market | 103 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Cameron Samimi |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |