1820 W 11Th Street

  • Los Angeles

  • $750,000
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Residential Income Details

Description
**MAJOR PRICE REDUCTION!! ORIGINALLY LISTED AT $900,000 DOWN TO $750,000 - INVESTORS NEEDED** Legal use for this property is as follows: 2 Story building as a 2 family dwelling and 4 guest rooms R-1 Occupancy. Front unit may be permitted as a single family dwelling or retail office. Buyer to verify all permits with the city. Current use of the property which does not conform with its legal use: 5 unit residential income property which consists of 2 buildings. 1 front detached 1 bedroom unit and a 4 unit 2 story building located in the back. All units be delivered occupied. Great rents! Unit #1: 2 bedroom ($1,483/month) Unit #2: 1 bedroom ($1,020/month) Unit #3: 1 bedroom ($1,037/month) Unit #4: 1 bedroom ($1,037/month) Unit #5: 1 bedroom ($832/month). Total income per month: $5,409/month. Please note, property only has 2 electric meters and 1 gas meter. 1 electric meter for the front detached 1 bedroom unit and 1 electric meter for the 4 unit 2 story building in the back. Seller pays approximately $750/month for water and power. Seller is extremely motivated, please submit all offers!
Essential
MLS #DW17126610
Price$750,000
Number of Units5
Sale TypeStandard
Sub-TypeCommercial/Residential
StatusPending
Listing BrokerageNationwide Powerhouse Inc
Listing AgentGuillermo Durell
Listing Agent BRE #01732446
Interior
Exterior
ParkingUnassigned
Garage Spaces2
PoolNone
Community
AreaC42 - Downtown L.A.
CommunitySidewalks,Storm Drains,Street Lighting
Address1820 W 11Th Street
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90006
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Friday, November 17, 2017. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.