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Listed by Brian Noh • Nohco Real Estate
$ 925,000
Est. payment /mo
Active
1631 W 11th PL Los Angeles, CA 90015
6,127 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25157492
Year Built 1910
Lot Size 6,127 Sqft
Source California Regional MLS
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.
Rooms
Kitchen Garbage Disposal, Oven Range - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry 30, 9
Exterior
Parking Features Other
Garage Spaces 2.0
Pool None
View City Lights
Roof Type Composition
Building
Foundation Raised
Water Hot Water, District - Public
Others
Tax ID 5137019024
Special Listing Condition Not Applicable
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