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$725000   Price Analysis
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11111 Wilmington Ave
Los Angeles, CA 90059
2 bed 1 bath 1787 SqFt ($405/SqFt)
6501SqFt lot. Built 1962
Listed 2023-08-21, Taxes $7160
Ⓧ USDA Ineligible
due to location

near Los Angeles

PRICE REDUCTION!

Great opportunity for owner/user. Mixed use property with two commercial retail units in front and a Single Family Residence towards the back of the property. Tenants are currently month to month. The recently remodeled barber shop is leased for $950/mo. The Single Family Residence is leased for $1, 250/mo and is in need of cosmetic repairs but has the potential for a n ADU. The restaurant is currently vacant and has been recently remodeled with all new restaurant equipment for a takeout style food service operation. The new owner could operate his fast food business from the facility or lease it turnkey to a restaurant owner. Per ZIMAS the lot is Tier 3 TOC which gives the property development potential for the future as the property is in close proximity to the necessary Transit resources enabling greater density if developing affordable residential housing. Motivated Seller!

Buyer to do own investigation. Owner and Broker d NOT make any warranties or representations regarding the Property.


Presented by Christopher Quintal at
Century City Realtors.
Listing Agent Photo

Property MLS #23-299995 from TheMLSCLAW

Bedrooms: 2

Total Bathrooms: 1
Full Bathrooms: 1

Cooling Features: Wall/Window
Heating Features: Wall

Carport Spaces: 1
Garage Spaces: 1
Garage Description: Driveway, Carport
Parking Total: 1

Lot Description: Fenced
Lot Size Acres: 0.1492424
Lot Size Dimensions: 25x130
Lot Size Source: Assessor
Lot Size Square Feet: 6501

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 3
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 3500, 2 BathsTotal: 1, 2 SquareFeet: 950, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 1350

Source Listing Status: Active
County: Los Angeles
Cross Street: Imperia Hwy & Wilmington Ave
Directions: North of imperial Hwy/ 105 Freeway and South of Century Blvd.
Source Property Type: Residential Income
Area: Metropolitan South
Source Neighborhood: Metropolitan South
Parcel Number: 6069-013-017
Postal Code Plus 4: 1243
Zoning: LAC2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$229500 + $306000
$535500
$7160
2021$225000 + $300000
$525000
$7069
2020$124848 + $291312
$416160
$5890
2019$122400 + $285600
$408000
$5675
2018$110907 + $264065
$374972
$5256
2017$108733 + $258888
$367621
$5142
2016$106601 + $253812
$360413
$5014
2015$105000 + $250000
$355000
$4939
2014$120189 + $297860
$418049
$5800
2013$119646 + $296514
$416160
$5790
2012$117300 + $290700
$408000
$5856
2010$115000 + $285000
$400000
$4017
2009$112784 + $149624
$262408
$3860
2009$112516 + $149269
$261785
$3860
2008$110573 + $146691
$257264
$3692
2007$38815 + $77636
$116451
$1963

Price Changed 2024-03-07
$725000
TheMLSCLAW
Price Changed 2023-10-27
$750000
TheMLSCLAW
Price Changed 2023-09-14
$795000
TheMLSCLAW
Listed 2023-08-21
$850000
TheMLSCLAW
Listing removed 2023-02-08
$0
TheMLSCLAW
Price Changed 2022-11-04
$849999
TheMLSCLAW
Listed 2022-08-08
$999999
TheMLSCLAW
Sold 2020-08-06
$525000
Public Record
Listing removed 2020-03-07
$0
TheMLSCLAW
Listed 2020-02-13
$599000
TheMLSCLAW
Listing removed 2018-10-19
$495000
CRISNET
Sold 2018-03-09
$82500
Public Record
Listing removed 2017-07-26
$495000
CRISNET
Listed 2016-07-27
$495000
CRISNET
Sold 2014-10-31
$355000
Public Record
Sold 2010-10-27
$140000
Public Record
Listing removed 2010-05-22
$174000
SoCalMLS
Listed 2010-04-08
$174000
SoCalMLS
Sold 1992-08-06
$50000
Public Record

Net Operating Income: 55680

Total Square Feet Living: 1787
Year Built: 1962
Building Exterior Type: Stucco
Common Walls: Detached/No Common Walls
Levels: Ground Level
Living Area Source: Vendor Enhanced
Property Age: 62
Property Condition: Repair Cosmetic
Roof: Tar and Gravel
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced

Security Features: Gated

Grape Street Elementary School is a public elementary school located approximately 0.1 miles away.
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Edwin Markham Middle School is a public middle school located approximately 0.6 miles away.
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Jordan High School is a public high school located approximately 0.8 miles away.
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Watts Christian School is a private elementary school located approximately 0.4 miles away.
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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.