1631 W 11th PL new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90015
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25157492
HOA Y/N No
Year Built 1910
Lot Size 6,128 Sqft
Property Sub-Type Apartment
Property Description
ACTUAL 9.0 GRM/7.0% CAP RATE. PRO FORMA 7.8 GRM/8.7% CAP RATE! This 5 unit property is comprised of two separate buildings totaling 4,430sf in size. In the rear is a large 1,198sf home built in 1980 with 3 bed/1 bath. The front building was built in 1910 and is approx. 3,232sf in size comprised of (4) 1/1 units that are each 808sf. One unit is delivered vacant and in rent ready condition allowing for immediately occupancy.This property allows potential for an owner-occupier to live in one or more of the units. Or, a savvy investor can maximize rents and even utilizeSection 8 to create immense equity & cash flow. On a 6,127sf lot zoned RD1.5, this property is well located in Los Angeles near Downtown, CryptoArena, & close proximity to USC, Koreatown, and the 110 freeway. Located off 110 Freeway in Pico-Union close to Downtown, LA Live, CryptoArena, Koreatown, USC, Local Parks, & tons of Restaurants & Shops.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s),Bedroom on Main Level
Heating Wall Furnace
Cooling None
Flooring Laminate,Tile
Fireplaces Type None
Fireplace No
Appliance Disposal,Gas Range,Water Heater
Laundry Washer Hookup,Electric Dryer Hookup
Exterior
Parking Features Driveway
Fence Wrought Iron
Pool None
Community Features Curbs,Street Lights,Sidewalks
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
View Y/N Yes
View City Lights
Roof Type Composition
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Faces South
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5137019024
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard