$1,775,000 Price Analysis   ♡   Los Angeles, CA 90006 Unknown bed 11 bath 3,744 SqFt ($474/SqFt) 4,166SqFt lot. Built 2022 Listed 2024-01-16, Taxes $9,816 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Built in 1900 but completely gutted with a new CofO in January 2022
1840 W 11th Pl, Los Angeles is a high cash-flowing, renovated 6 unit building located near Downtown. The property is currently operating at 7% CAP Rate and 9 GRM. This is the ideal opportunity for any buyer looking for a low-maintenance, positive leverage asset with high in place cash flow.
The subject property is comprised of (1) 4Bed/4Bath, (1) 3Bed/3Bath and (4) Studio/1Bath units. All units h ave been extensively renovated, including floors, cabinets, bathrooms and all major systems. 1840 W 11th Pl is conveniently located minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There re many shops and restaurants nearby, making it a prime location for renters.
Presented by Cameron Samimi at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24005846 from CRMLS
Lot Size Acres: 0.0956382
Lot Size Source: Assessor
Lot Size Square Feet: 4166
Unit Features: Bathrooms in Unit 11 : 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
County: Los Angeles
Cap Rate: 7.40
Source Property Type: Residential Income
Area: KREA - Koreatown
Source Neighborhood: KREA - Koreatown
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 5136021016
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $162,334 + $649,627 $811,961 | $9,816 |
| 2021 | $159,151 + $636,890 $796,041 | $9,688 |
| 2020 | $157,520 + $630,360 $787,880 | $9,786 |
| 2019 | $67,384 + $155,802 $223,186 | $6,569 |
| 2018 | $66,063 + $152,748 $218,811 | $2,862 |
| 2017 | $64,768 + $149,753 $214,521 | $2,805 |
| 2016 | $63,499 + $146,817 $210,316 | $2,720 |
| 2015 | $62,546 + $144,612 $207,158 | $2,682 |
| 2014 | $61,321 + $141,780 $203,101 | $2,701 |
| 2013 | $61,044 + $141,140 $202,184 | $2,695 |
| 2012 | $59,848 + $138,373 $198,221 | $2,731 |
| 2010 | $58,675 + $135,660 $194,335 | $2,689 |
| 2009 | $58,376 + $134,967 $193,343 | $2,587 |
| 2009 | $58,237 + $134,647 $192,884 | $2,587 |
| 2008 | $57,232 + $132,321 $189,553 | $2,400 |
| 2007 | $56,110 + $129,727 $185,837 | $2,314 |
$1,775,000
CRMLS
Listed 2024-01-16
$1,800,000
CRMLS
Sold 2019-04-10
$772,432
CRMLS
Price Changed 2018-11-05
$867,000
CRMLS
Listed 2018-09-22
$879,000
CRMLS
Sold 2000-01-28
$210,000
Public Record
Sold 1999-05-21
$100,000
ITECH
Listed 1998-10-16
$109,900
ITECH
Sold 1991-11-19
$140,000
Public Record
Year Built: 2022
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 2
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  | |||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.