1840 W 11th Place, Los Angeles, CA 90006
- $1,500,000
List Agent Logan Altman () Altman Apartments LLC; CoList ()
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- SR26162859
- Year Built
- 1900
- Lot Size
- 4,166
- Lot Location
- Near Public Transit
- Days on Market
- 6
- Property Type
- Multifamily
- 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.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.