CA > Los Angeles
Los Angeles, CA 90015,1631 W 11th PL
Los Angeles, CA 90015,1631 W 11th PL
Los Angeles, CA 90015,1631 W 11th PL
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$925,000
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6,128 Sqft Lot
Pending

1631 W 11th PL Los Angeles, CA 90015

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

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

CRMLS – RECore
Listed by Brian Noh Nohco Real Estate 9493085775

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agent

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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