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.
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.
Property Details
Price:
$1,775,000
MLS #:
SB24005846
Status:
Active
Baths:
0
Address:
1840 11th Place
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
kreakoreatown
City:
Los Angeles
Listed Date:
Jan 10, 2024
State:
CA
ZIP:
90006
Lot Size:
4,166 sqft / 0.10 acres (approx)
Year Built:
2022
See this Listing
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Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1840 11th Place Los Angeles CA
- AreaKREA – Koreatown
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.1840 11th Place
Los Angeles, CA
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