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$ 1,500,000
Est. payment | /mo
1 Bath
4,166 Sqft Lot
$ 1,500,000
Est. payment | /mo
1 Bath
4,166 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26162859
Lot Size 4,166 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction In Pico-Union / Central LA near USC and DTLA. From the 110 Freeway, exit Olympic Blvd and head west; property is at 1840 W 11th
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 4
Level or Stories 4
Others
Senior Community No
Tax ID 5136021016
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Logan Altman, DRE#01965826 Altman Apartments LLC
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