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$1,775,000

Beds
Unknown
sq ft
3,744

1840 W 11th Pl, Los Angeles, CA 90006

1840 W 11th Pl

Los Angeles, CA 90006

  • 167 days on market
    • Price drop $25,000↓
Built in 1900 but completely gutted with a new CofO in January 2022, 1840 W 11th Pl, Los Angeles is a high cash-flowing, renovated 6 unit building located near Downtown. The property is currently operating at 7% CAP Rate and 9 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 (1) 4Bed/4Bath, (1) 3Bed/3Bath and (4) Studio/1Bath units. All units have been extensively renovated, including floors, cabinets, bathrooms and all major systems. 1840 W 11th Pl 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

Lot size

4,166 sq ft

Price per sq ft

$475

Year built

2022

Price History

03/19/2024
CRMLS

CRMLS #SB24005846

Price change
$1,775,000
-1.39%
01/16/2024
CRMLS

CRMLS #SB24005846

Listed
$1,800,000

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

City First Bank Na

Loan start date

July 2022

Original loan amount

$1,300,000

Est. remaining balance

Not provided

Interest rate

4.04%

Loan type

Building or Construction Loan, 30 year

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 8:00 AM

Listing updated: 03/20/2024 at 4:20 PM

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

MLS: CRMLS #SB24005846

CRMLS logo

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