1840 W 11th PL, Los Angeles, CA 90006
1840 W 11th PL, Los Angeles, CA 90006
1840 W 11th PL, Los Angeles, CA 90006
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,500,000
Est. payment /mo
4,164 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26162859

HOA Y/N No

Year Built 1900

Lot Size 4,164 Sqft

Property Sub-Type Apartment

Property Description

The Victorian at 11th Place - a beautifully renovated 1900 Historic Victorian in Pico-Union / Central Los Angeles, offered at $1,500,000. Six legal units operated as 11 income keys (four studios, by-the-bedroom rooms, and an income-producing ~1,000 SF live/work loft), fully renovated with new kitchens, baths, flooring and mini-split A/C. 100% leased at a 6.10% in-place cap rising to a 6.75% pro forma, with on-site laundry and five on-site parking spaces. Additional upside through a rear-yard detached ADU (buyer to verify feasibility) and mark-to-market of the by-the-bedroom rooms. Steps to DTLA, USC and Metro. Buyer to verify all figures, unit legality, square footage and development potential.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs

Private Pool No

Building

Lot Description Near Public Transit

Story 4

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5136021016

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Logan Altman Altman Apartments LLC 310-903-0222, DRE #01965826

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