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Image 1 - 1840 W 11th Pl, Los Angeles, California, 90006 - House for sale

Image 2 - 1840 W 11th Pl, Los Angeles, California, 90006 - House for sale

Image 3 - 1840 W 11th Pl, Los Angeles, California, 90006 - House for sale

Image 4 - 1840 W 11th Pl, Los Angeles, California, 90006 - House for sale

Image 5 - 1840 W 11th Pl, Los Angeles, California, 90006 - House for sale

Image 6 - 1840 W 11th Pl, Los Angeles, California, 90006 - House for sale

Image 7 - 1840 W 11th Pl, Los Angeles, California, 90006 - House for sale

Image 8 - 1840 W 11th Pl, Los Angeles, California, 90006 - House for sale

Home For Sale In Los Angeles, California

1840 W 11th Pl, Los Angeles, California, 90006

Home For Sale In Los Angeles, California

house for sale

4 views

Listed: 03/15/24

1840 W 11th Pl, Los Angeles, California, 90006

Studio Bed:

11 Bath:

3,744 Sq Ft Living Area:

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Price

$ 1,8M

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About This House

Built in 1900 but completely gutted with a new CofO in January2022, 1840 W11th Pl, Los Angeles is a high cash-flowing, renovated 6 unit building located near Downtown. The property is currently operating at 7% CAP Rate and9 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 W11th 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.

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Pico-Union Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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