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Residential Income - 1840 W 11th Place, Los Angeles, CA

$1,450,000

1840 W 11th Place, Los Angeles, CA

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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 7.38% in-place cap rate on the buyer's reassessed tax basis, 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.

Property details

Year built
1900
Property type
Residential Income
Lot size
4,166 sqft

Location

1840 W 11th Place • Los Angeles, CA 90006

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Listed by

Logan Altman · Altman Apartments LLC

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Sale history for 1840 W 11th Place