Address
2945 W 11Th Street Los Angeles, CA
Price
$ 1,099,000
Property Attributes
  • MLS#21725564
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90006
  • StyleSpanish
  • Price$ 1,099,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size2,025 SqFt
Listing Provided Courtesy Of:
Reymond Weddle with Compass.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Welcome to an investment opportunity waiting to be seized! Located within one of Los Angeles's coveted Opportunity Zones, this property is well positioned for upward redevelopment with its landowner winning big. Centrally and conveniently located, this 4-plex has immediate access to the 10 Freeway and the METRO Purple Line while also being just a stone's throw to Koreatown's many cultural delights. The current owners have left no stone unturned in upgrading and maintaining this steady-income property. Upgrades include kitchens, bathrooms, new washer/dryers, and heating/cooling. While presently enjoying 100% occupancy and a 3.48% CAP Rate, pro forma leases potentially bring the CAP Rate to a skyrocketing 5%, even with a city reassessment. Each unit is independently metered and tenants currently pay for all expenses including water, gas, electricity, trash, and cable service. Truly an investors dream, don't wait! *Buyer is advised to independently verify all CAP Rates, investment calculations, and other associated information.

Price History
5/6/2021 Listed $1,099,000

General Features

Appliances Gas Cooktop, Disposal, Gas Oven, Microwave, Refrigerator
Architectural Style Spanish
Heating Wall Furnace
Levels Two
Listing Agent Reymond Weddle - BRE#02094160
Listing Agent State License 02094160
MLS Area C17 - Mid-Wilshire
Pool Features None
Property Type Residential Income
Roof Composition
Security Features Carbon Monoxide Detector(s), Fire Detection System, Smoke Detector(s)
Sewer Other
Spa Features None
Special Listing Conditions Standard
Status Active
Stories 2
Terms Cash, Conventional
Total Units 4
Zoning LAR4

Interior Features

Heating Y/N Yes
Laundry Features Stacked

Exterior Features

Lot Size Acres 0.04
Lot Size Area 2025
Lot Size Source Assessor
Lot Size Square Feet 2025
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 4
Parking Features On Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90006

Price
AVG $2.89M
$1.1M
Visits
AVG 35
44
Year Built
AVG 1933
1923
Walkscore
AVG 91
94
Data Provided by Walkscore ® not using MLS data

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