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    1513 W 11Th Place

    Los Angeles (City), CA 90015
    • $1,850,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 20612164
    UPDATED: 190 min ago
    $1,850,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    I am pleased to offer for sale an eight unit apartment community located at 1513 West 11th Place. The subject property offers investors the opportunity to acquire a property with stable operating history that is located less than one mile from the Staples Center, LA Live and numerous retail opportunities. Consisting of one two-story building, the property is situated on a 9,186 square foot parcel. The property features eight large units with secured parking for every unit and is individually metered for all utilities. Due to its 1910 construction, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. 1513 West 11th Place is located just south of Olympic Boulevard and east of Union Avenue. An investor will be able to increase the lease rates when units become vacant by capitalizing on the westward expansion and revitalization of the Downtown sub-market.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-15T00:27:04.817. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/108449148
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    1513 W 11Th Place Los Angeles (City), CA 90015

    • Price: $1,850,000
    • Status: Active
    • Updated: 190 min ago
    • ID#: 20612164
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1910
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    I am pleased to offer for sale an eight unit apartment community located at 1513 West 11th Place. The subject property offers investors the opportunity to acquire a property with stable operating history that is located less than one mile from the Staples Center, LA Live and numerous retail opportunities. Consisting of one two-story building, the property is situated on a 9,186 square foot parcel. The property features eight large units with secured parking for every unit and is individually metered for all utilities. Due to its 1910 construction, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. 1513 West 11th Place is located just south of Olympic Boulevard and east of Union Avenue. An investor will be able to increase the lease rates when units become vacant by capitalizing on the westward expansion and revitalization of the Downtown sub-market.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking Space Parking YN Yes

    Interior Features

    Laundry Features Community

    Property Features

    Country Us Gross Income 135300.00 Gross Multiplier 13.67 Gross Operating Income 135441.00 Laundry YN Yes Net Operating Income 79981.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 55460.00 Zoning R4-1

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-15T00:27:04.817. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731