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11901 S San Pedro Street

Los Angeles (City), CA 90061
  • $2,749,000
  • STATUS: Active
  • ON SITE: 140 Days
  • ID#: EV23130886
UPDATED: 41 min ago
$2,749,000
  • 0
    BEDS
  • 0.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Daniel Corcoran of Corcoran Group Of California Inc. (310-435-9106)


Description

Motivated seller reduced price $650,000 9.73 GRM and 6.80% CAP. Street-to-street lot, the entire block with access from three streets. Bread n butter units, which are in high demand. Very low vacancy rate. Secure off-street parking (31 spaces). A security fence surrounds the entire property with code-entry security gate. New roof in 2017. Easy commute from this high demand rental area. Eligible for bonus rent increases. Shown on accepted offers. Please do not disturb the tenants. See attached Offering Memorandum for rent rolls, expenses, and more information.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T08:33:35.17. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/141542911
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11901 S San Pedro Street Los Angeles (City), CA 90061

  • Price: $2,749,000
  • Status: Active
  • On Site: 140 Days
  • Updated: 41 min ago
  • ID#: EV23130886
0
Beds
0
Baths
0
½ Baths
0.64
Acres
1923
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Motivated seller reduced price $650,000 9.73 GRM and 6.80% CAP. Street-to-street lot, the entire block with access from three streets. Bread n butter units, which are in high demand. Very low vacancy rate. Secure off-street parking (31 spaces). A security fence surrounds the entire property with code-entry security gate. New roof in 2017. Easy commute from this high demand rental area. Eligible for bonus rent increases. Shown on accepted offers. Please do not disturb the tenants. See attached Offering Memorandum for rent rolls, expenses, and more information.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 21-25 Units/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.79 Common Interest None Community Features CurbsGutter(s)Sidewalks Current Financing Conventional Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 282696 Gross Scheduled Income 282696 Insurance Expense 15204 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan1031 ExchangeOwner May Carry Maintenance Expense 20160 Net Operating Income 186802 New Construction YN No New Taxes Expense 37488 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 93067 Other Expense 20160 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 7164 Vacancy Allowance 2827 Vacancy Allowance Rate 1 Water Sewer Expense 0 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T08:33:35.17. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Daniel Corcoran of Corcoran Group Of California Inc. (310-435-9106)