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    1651 W 11th Place

    Los Angeles (City), CA 90015
    • $990,000
    • STATUS: Active Under Contract
    • ON SITE: 149 days
    • ID#: OC21021578
    Under Contract
    $990,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,335
      SQFT
    • $228
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    We are pleased to offer a unique opportunity to purchase a quadruplex property located in one of the most desired rental areas of Downtown Los Angeles. This property is centrally located from major public transportation and a short distance to Staples Center, LA LIVE, Microsoft Theater, LA Convention Center, Downtown Los Angeles, Major shopping centers, and incredible dining establishments of Korea Town.The subject property consists of four units with 1 bed/1 bath each. They include living rooms, dining areas, bathrooms with tiled flooring, laundry areas, kitchen with granite countertops, smoke detectors, and strapped water heaters and wall heaters. Recently rented one-bedroom units currentlyrent for approx $1,600 per month.Please drive-by only. Do NOT disturb the tenants, interior viewing after offer acceptance.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T00:28:37.57. 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. Licensed in the State of California, USA.
    www.twissrealty.com/homes/114476744
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    1651 W 11th Place Los Angeles (City), CA 90015

    • Price: $990,000
    • Status: Active Under Contract
    • ID#: OC21021578
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,335
    SQFT
    $228
    $/SQFT
    1911
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    We are pleased to offer a unique opportunity to purchase a quadruplex property located in one of the most desired rental areas of Downtown Los Angeles. This property is centrally located from major public transportation and a short distance to Staples Center, LA LIVE, Microsoft Theater, LA Convention Center, Downtown Los Angeles, Major shopping centers, and incredible dining establishments of Korea Town.The subject property consists of four units with 1 bed/1 bath each. They include living rooms, dining areas, bathrooms with tiled flooring, laundry areas, kitchen with granite countertops, smoke detectors, and strapped water heaters and wall heaters. Recently rented one-bedroom units currentlyrent for approx $1,600 per month.Please drive-by only. Do NOT disturb the tenants, interior viewing after offer acceptance.
    Exterior Features

    Fencing Fair Condition Lot Features Rectangular Lot Number Of Separate Electric Meters 4 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

    Interior Features

    Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Heating Space Heater Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Urban Disclosures Rent Control Electric Electricity - On Property Garage YN No Gross Income 62208 Gross Scheduled Income 62208 Insurance Expense 1500 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing Loan Net Operating Income 45933 New Construction YN No New Taxes Expense 13200 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Operating Expense 1575 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 5184 Trash Expense 1500 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1500 Water Source Public Zoning Lar1.5

    Listing provided courtesy of Jorge Stambuk of Cres Homes


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T00:28:37.57. 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. Licensed in the State of California, USA.
     
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