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$ 725,000
Est. payment /mo
Active
1850 W 11th Los Angeles, CA 90006
2,559 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,559 sqft
Price per Sqft $283
MLS Listing ID CRSB25264688
HOA Y/N No
Year Built 1890
Lot Size 6,113 Sqft
Acres 0.14
Property Sub-Type Other
Property Description
5 unit multi-family property in the Pico Union neighborhood of Los Angeles. First time on market in 30 years. All units occupied by long term tenants. Rents are significantly below market and average $434/unit. Because of the low in place income the property will not qualify for conventional financing. All cash purchase preferred. Beautiful Victorian style architecture. Located in the HPOZ (historical zone). Any new development would need to be approved by the historic preservation staff. Buyer to verify what can be permitted. Dense rental market close to DTLA, The Crypto Arena, LA Live and much more. Large 6,113 sq ft lot. Potential for an ADU to be added in the rear of the property which is currently used for open parking. Individually metered for utilities. Space for onsite laundry facility which would generate additional income. Most if not all of the major building components including roof, electrical and plumbing are approximately 20 years old. Most if not all of the interiors are original to semi original condition.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
Building
Lot Description Level
New Construction No
Others
Tax ID 5136020017
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Listed by Brian Estes • Re/Max Commercial & Investment