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Listed by Logan Altman, DRE #01965826 • Altman Apartments LLC
$ 1,450,000
Est. payment /mo
Price Dropped by $50K
1840 W 11th PL Los Angeles, CA 90006
4,166 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26162859
Year Built 1900
Lot Size 4,166 Sqft
Source California Regional MLS
Property Description
The Victorian at 11th Place - a beautifully renovated 1900 Historic Victorian in Pico-Union / Central Los Angeles, offered at $1,450,000. 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 6.36% in-place cap rising to a 7.03% 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.
Interior
Laundry Community Facility
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5136021016
Special Listing Condition Not Applicable
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