1631 W 11th Place

Los Angeles, CA 90015

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,430 Sqft
  • 6127
    Sqft(Lot)
$995,000

Description

Actual 9.7 grm/6.5% cap rate. pro forma 8.4 grm/8.0%+ 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 utilize section 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, crypto arena, &

close proximity to usc, koreatown, and the 110 freeway.



located off 110 freeway in pico-union close to downtown, la live,

crypto arena, koreatown, usc, local parks, & tons of

restaurants & shops.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49569632

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: Ceiling Fan(s)
    • Property Appliances: Disposal,Gas Range,Water Heater
    • Fireplace: None
    • Flooring: Laminate

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1910
    • Building Area Total: 4,430
    • Construction: Shake Siding

    Foundation

    • Raised

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

    Fencing

    • Wrought Iron

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1407
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6127

  • Listing Price Information

    • Original List Price: 995,000
    • Listing Contract Date: 2025-04-30

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5137019024

  • Garage and Parking

    • Garage Description: Driveway

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas,Trash Collection

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C42 - Downtown L.A.
    • Postal Code Plus 4: 1901
    • Directions: Off 110 fwy, on 11th st near Union Ave.
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C42 - Downtown L.A.
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 115
    • Common Walls: 1 Common Wall
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/14/2025 @ 05:02

  • MLS: OC25089007
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,430 sqft, 6,127 sized lot, and 0 parking. are nearby neighborhoods.