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    2945 W 11Th St

    Los Angeles, CA 90006
    • $1,099,000
    • STATUS: Active
    • ON SITE: 168 Days
    • ID#: 21-725564
    UPDATED: 43 min ago
    $1,099,000
    • 4
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,132
      SQFT
    • $515
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Ratings & Info

    Description

    Welcome to an investment opportunity waiting to be seized! Located within one of Los Angeles's coveted Opportunity Zones, this property is well positioned for upward redevelopment with its landowner winning big. Centrally and conveniently located, this 4-plex has immediate access to the 10 Freeway and the METRO Purple Line while also being just a stone's throw to Koreatown's many cultural delights. The current owners have left no stone unturned in upgrading and maintaining this steady-income property. Upgrades include kitchens, bathrooms, new washer/dryers, and heating/cooling. While presently enjoying 100% occupancy and a 3.48% CAP Rate, pro forma leases potentially bring the CAP Rate to a skyrocketing 5%, even with a city reassessment. Each unit is independently metered and tenants currently pay for all expenses including water, gas, electricity, trash, and cable service. Truly an investors dream, don't wait! *Buyer is advised to independently verify all CAP Rates, investment calculations, and other associated information.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T08:42:33.423. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/116854325
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    2945 W 11Th St Los Angeles, CA 90006

    • Price: $1,099,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 21-725564
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    2,132
    SQFT
    $515
    $/SQFT
    1923
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Welcome to an investment opportunity waiting to be seized! Located within one of Los Angeles's coveted Opportunity Zones, this property is well positioned for upward redevelopment with its landowner winning big. Centrally and conveniently located, this 4-plex has immediate access to the 10 Freeway and the METRO Purple Line while also being just a stone's throw to Koreatown's many cultural delights. The current owners have left no stone unturned in upgrading and maintaining this steady-income property. Upgrades include kitchens, bathrooms, new washer/dryers, and heating/cooling. While presently enjoying 100% occupancy and a 3.48% CAP Rate, pro forma leases potentially bring the CAP Rate to a skyrocketing 5%, even with a city reassessment. Each unit is independently metered and tenants currently pay for all expenses including water, gas, electricity, trash, and cable service. Truly an investors dream, don't wait! *Buyer is advised to independently verify all CAP Rates, investment calculations, and other associated information.
    Exterior Features

    Levels Two Lot Size Area 2025 Other Structures None Parking Garage On Street Pool Description None Pool YN No Roof Composition Spa None Spa YN No Style Spanish Total Parking 0

    Interior Features

    Bathroom Features TileRemodeled Baths Total 4.00 Common Walls Attached Cooking Appliances Cooktop - GasMicrowaveOven-Gas Cooling Wall Unit(S) Equipment Range/OvenGarbage DisposalMicrowaveDryerWasherRefrigerator Flooring Mixed Heating Wall Interior Features Laundry - Closet Stacked Laundry In UnitLaundry Closet Stacked Water Heater Features Gas

    Property Features

    Gross Income 53172 Gross Operating Income 53172 Insurance Expense 1600.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Maintenance Expense 3828.00 Net Operating Income 38232.00 Number Of Buildings 1 Number Of Units 4 Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Fire And Smoke Detection SystemOther Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGasWaterTrash CollectionOtherCable Tv Total Annual Expense 14940 TVServices Cable Tv Type Of Units Fourplex Water Water District Water Heaters YN Yes Year Built Source Assessor Zoning Lar4

    Listing provided courtesy of Reymond Weddle DRE#02094160 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T08:42:33.423. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    2999 Overland Ave., Suite 116
    Los Angeles CA, 90064