1840 West 11th Place
1840 West 11th Place
Description
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...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.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
- Listed by Olga Wright • DRE #01315042 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 1840 West 11th Place
Location
Property Details for 1840 West 11th Place
| Status | Active |
|---|---|
| MLS # | SB24005846 |
| Days on Market | 107 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2022 |
| County | Los Angeles County |
Location
Building Information for 1840 West 11th Place
Payment Calculator
$10,544 per month
30 year fixed, 7.25% Interest
$9,687
$857
$0
Property Information for 1840 West 11th Place
- Gross Income: $196,701
- Gross Scheduled Income: $196,701
- Vacancy Allowance Rate: 3
- Gross Operating Income: $190,800
- Net Operating Income: $131,417
- Gross Multiplier: 9.02
- Cap Rate: 7.4
- Operating Expense: $59,383
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $59,383
- Tax Tract Number: 123
- CFD/Mello-Roos Fee: $0
- Tax Lot: 0
- Community Features: Urban
- Laundry: No
- Laundry Features: None
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,448
- Unit Type Total Rent: $1,350
- Unit Type Pro Forma: 1450
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,080
- Unit Type Total Rent: $1,080
- Unit Type Pro Forma: 1100
- Unit Type Type: 10
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,083
- Unit Type Total Rent: $1,083
- Unit Type Pro Forma: 1100
- Unit Type Type: 11
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,424
- Unit Type Total Rent: $1,418
- Unit Type Pro Forma: 1450
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,505
- Unit Type Total Rent: $1,488
- Unit Type Pro Forma: 1525
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,772
- Unit Type Total Rent: $1,755
- Unit Type Pro Forma: 1800
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,032
- Unit Type Total Rent: $3,045
- Unit Type Pro Forma: 1100
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,032
- Unit Type Total Rent: $4,111
- Unit Type Pro Forma: 1100
- Unit Type Type: 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,093
- Unit Type Total Rent: $1,093
- Unit Type Pro Forma: 1100
- Unit Type Type: 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,093
- Unit Type Total Rent: $1,093
- Unit Type Pro Forma: 1100
- Unit Type Type: 8
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,093
- Unit Type Total Rent: $1,093
- Unit Type Pro Forma: 1100
- Unit Type Type: 9
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 1
- Number Of Separate Gas Meters: 1
- Number Of Separate Water Meters: 1
Property History for 1840 West 11th Place
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1840 West 11th Place
Schools near 1840 West 11th Place
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 1 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Tenth Street Elementary School Public1 to 5 | ||
John H. Liechty Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice 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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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 Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763; Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042
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.