11111 Wilmington Avenue

Los Angeles, CA 90059

$725,000
Price
2
Beds
1
Bath
1,787 Sq. Ft.
$406 / Sq. Ft.
1,787
Sq. Ft.
$406
per Sq. Ft.

Description

Price reduction! Great opportunity for owner/user! Mixed use property with two commercial retail units in front and a Single Family Residence towards the back of the property. Tenants are currently month to month. The recently remodeled barber shop is leased for $950/mo. The Single Family Residence is leased for $1,250/mo and is in need of cosmetic repairs but has the potential for an ADU. The restaurant is currently vacant and has been recently remodeled with all new restaurant equipment for a takeout...Price reduction! Great opportunity for owner/user! Mixed use property with two commercial retail units in front and a Single Family Residence towards the back of the property. Tenants are currently month to month. The recently remodeled barber shop is leased for $950/mo. The Single Family Residence is leased for $1,250/mo and is in need of cosmetic repairs but has the potential for an ADU. The restaurant is currently vacant and has been recently remodeled with all new restaurant equipment for a takeout style food service operation. The new owner could operate his fast food business from the facility or lease it turnkey to a restaurant owner. Per ZIMAS the lot is Tier 3 TOC which gives the property development potential for the future as the property is in close proximity to the necessary Transit resources enabling greater density if developing affordable residential housing. Motivated Seller! Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.
  1. Listed by Christopher Quintal • DRE #01127650 • Brokerage DRE #01127650 • Century City Realtors

Property Details for 11111 Wilmington Avenue

Water Front
None
Zoning
LAC2
Style
Other
Cross Streets
Imperia Hwy & Wilmington Ave
Parcel Number
6069013017
Total Units
3.0
Living Area
1787
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Century City Realtors, Christopher Quintal, DRE #01127650
Add your commute
LISTING UPDATED: 03/07/2024 11:41 AM

Property Details for 11111 Wilmington Avenue

StatusActive
MLS #23-299995
Days on Market263
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.15 AC / 6,501 SF
CountyLos Angeles County

Location

Listing Courtesy of Century City Realtors, Christopher Quintal, DRE #01127650
Add your commute

Building Information for 11111 Wilmington Avenue

Stories1Residences-Year Built1962Building Size-Lot Size0.15 AC / 6,501 SF

Payment Calculator

$4,581 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

$624

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11111 Wilmington Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Mixed use
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Property Condition: Repair Cosmetic
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $69,600
  • Net Operating Income: $55,680.00
  • Gross Income: $5,800
  • Gross Rent Multiplier: $12.23
  • Other Income1: $1,350.00
  • Garage Income: $950
  • Total Annual Expense: 13920
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1492
  • Lot Size Square Feet: 6501
  • Lot Size Dimensions: 25x130
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Description: Fenced
Parking Details
Parking Details
  • Parking Garage: Driveway, Carport
  • Total Parking: 1
  • Garage Spaces Total: 1
  • Carport Spaces Total: 1
  • Parking Features: Driveway, Carport
Interior Features
Interior Features
  • Levels: Ground Level
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Tar and Gravel
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 08-21-2023
  • Listing Terms: Cash, Cash To New Loan
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $950.00
  • Unit Actual Rent: $950.00
  • Unit Projected Rent: $950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $1,350.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $229,500.00
  • Assessed Improvement Percent: 42.86
  • Assessed Land Value: $306,000.00
  • Assessed Land Percent: 57.14
  • Assessed Total Value: $535,500.00

Property History for 11111 Wilmington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11111 Wilmington Avenue

Taxable ValueLand$312,120Additions$234,090Total$546,210
Tax Record2023$7,483 ($624 / month)
Home Facts
Total Finished SqFt1,787 SqFtAbove Grade Finished SqFt1,787 SqFtStories1Lot Size6,501 SqFtStyleOffice BuildingYear Built1962ZoningLAC2CountyLOS ANGELESAPN6069-013-017

Schools near 11111 Wilmington Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Grape Street Elementary School
PublicK to 5

Edwin Markham Middle School
Public6 to 8

Jordan High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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11111 Wilmington Avenue is a multi-family home for sale in Los Angeles, CA 90059. This property was listed for sale on August 11, 2023 by Century City Realtors, it's currently listed at $725,000. It has been on the market for a total of 263 days and was last sold on July 28, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Grape Street Elementary School, Edwin Markham Middle School and Jordan High School. 11111 Wilmington Avenue is a 2-bed, 1-bath, 1,787 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century City Realtors, Christopher Quintal, DRE #01127650

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.