CA > Los Angeles
Los Angeles, CA 90015,1631 W 11th Place
Los Angeles, CA 90015,1631 W 11th Place
Los Angeles, CA 90015,1631 W 11th Place
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$995,000
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4 Beds
4 Baths
Active

1631 W 11th Place Los Angeles, CA 90015

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25089007

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

Property Description

ACTUAL 9.7 GRM/6.5% CAP RATE. PRO FORMA 8.4 GRM/8.0%+ 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 utilize Section 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, Crypto Arena, & close proximity to USC, Koreatown, and the 110 freeway. Located off 110 Freeway in Pico-Union close to Downtown, LA Live, Crypto Arena, Koreatown, USC, Local Parks, & tons of Restaurants & Shops.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Off 110 fwy, on 11th st near Union Ave.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5137019024

MLS Router / San Diego MLS
Listed by Brian Noh Nohco Real Estate

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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1631 W 11th Place

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