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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,450,000

Est. payment | -/mo

1 Bath

4,166 Sqft Lot

Save

$ 1,450,000

Est. payment | -/mo

Save

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 $1,450,000. 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

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

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1840 W 11th Place Los Angeles, CA 90006