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$1,900,000

Beds
Unknown
sq ft
3,626

1820 W 11th St, Los Angeles, CA 90006

1820 W 11th St

Los Angeles, CA 90006

  • 70 days on market
1820 W 11th St, Los Angeles is a high cash-flowing, renovated 9 unit building located near downtown. The property is currently operating at a 7.29% CAP Rate and 9.50 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 (5) 1-Bed/1- Bath and (4) Studio/1-Bath units. 8/9 units have been extensively renovated, including floors, cabinets, bathrooms and all major systems. 1820 W 11th St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops and restaurants nearby, making it a prime location for renters.

Details

Property type

Apartment

Est. home value

$1,141,335

Lot size

6,150 sq ft

Price per sq ft

$524

Year built

1906

Price History

04/22/2024
CRMLS

CRMLS #SB24076817

Listed
$1,900,000

Schools & Community

Neighborhood: 

Pico-Union

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Arixa Fund I Llc

Loan start date

April 2019

Original loan amount

$775,000

Est. remaining balance

Not provided

Interest rate

4.37%

Loan type

Commercial

Seller

5379 Whittier Boulevard Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 7:40 AM

Listing updated: 04/22/2024 at 4:55 PM

Listed by: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838

MLS: CRMLS #SB24076817

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