1852 W 11th Street

    Los Angeles (City), CA 90006
    • $950,000
    • STATUS: Active
    • ON SITE: 69 days
    • ID#: WS19187308
    Price Reduced
    UPDATED: 77 min ago
    $950,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $380
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1903
    County:

    School Ratings & Info

    Description

    Great first-time investment opportunity! Close to USC and Loyola Marymount Law School, 10 and 110 freeways. Property has been remodeled and is move-in ready for new tenants. Assessor shows 2 units with 4 bedrooms and 1 bath. The property actually has 8 bedrooms each with their own private bathrooms. The kitchen, bedrooms, bathrooms, and floors, and the entire building have been fully remodeled throughout. The property was previously used for Airbnb Grossing $15,000/month. The property has an on-site manager in the backyard small guest house with an additional 9th bedroom. The property will be delivered without tenants with the option of the on-site manager remaining our leaving.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T23:32:26.113. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/97641414

    1852 W 11th Street Los Angeles (City), CA 90006

    • Price: $950,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: WS19187308
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,500
    SQFT
    $380
    $/SQFT
    1903
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Great first-time investment opportunity! Close to USC and Loyola Marymount Law School, 10 and 110 freeways. Property has been remodeled and is move-in ready for new tenants. Assessor shows 2 units with 4 bedrooms and 1 bath. The property actually has 8 bedrooms each with their own private bathrooms. The kitchen, bedrooms, bathrooms, and floors, and the entire building have been fully remodeled throughout. The property was previously used for Airbnb Grossing $15,000/month. The property has an on-site manager in the backyard small guest house with an additional 9th bedroom. The property will be delivered without tenants with the option of the on-site manager remaining our leaving.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Dryer IncludedGas Dryer HookupIn KitchenWasher HookupWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 8.21 Community Features BikingDog ParkUrban Country Us Electric Expense 1866.50 Elevation Units Feet Fuel Expense 969.50 Gross Income 115200.00 Gross Scheduled Income 115200.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 81949.00 New Construction YN No New Taxes Expense 10978.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 27491.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 27491.00 Trash Expense 1000.00 Water Sewer Expense 2203.00 Water Source Public Year Built Source Assessor Zoning Lac1

    Listing provided courtesy of Justin Chu of Kw Executive


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T23:32:26.113. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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    Irvine CA, 92606