1840 11Th Pl, Los Angeles, CA 90006
6 Unit Apartment Building | $1,775,000 ($295,833/Unit) | 7.40% Cap Rate | Los Angeles, CA 90006
For Sale
Active
22 pictures
Asking Price $1,775,000
- Property Type
-
Multifamily
- Square Feet
- 3,744 SF
Listing Contacts
Cameron Samimi
Olga Wright
Property Overview
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.
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.
Property Details
- Class
- C
- Year Built
- 1900
- Stories
- 2
- Lot Size (sq. ft)
- 4,356 SF
- Units
- 6
Highlights
- Cash-flowing 6-unit building near Downtown Los Angeles
- Currently operating at a 7% CAP Rate and 9 GRM
- Units have been extensively renovated, including floors, cabinets, bathrooms, and all major systems
- Strong ROI and low-maintenance
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