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    6831 11th Ave

    Los Angeles, CA 90043
    • $1,999,999
    • STATUS: Active Under Contract
    • ON SITE: 126 days
    • ID#: 20-669730
    Under Contract
    UPDATED: 53 min ago
    $1,999,999
    • 14
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,688
      SQFT
    • $299
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    It is our pleasure to offer this prime 10 Unit income producing apartment building For Sale. Located in Hyde Park in close proximity to LA's newest Metro Line, unit mix consists of six 1 bedroom +1 bath and four 2 bedrooms +1 bath units. Unit 1 (2 bedroom + 1 bath) to be delivered vacant to Buyer. Roof and water heater were replaced in 2019 and units are separately metered for gas & electricity. 10 onsite parking spaces located in the rear (a mix of uncovered and covered/carport). This is NOT a soft-story building, so no City of LA Earthquake Retrofitting is required. Onsite Laundry area (no laundry equipment currently onsite) offers additional income opportunity. Take advantage of this great turnkey investment opportunity and upside in rents!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-18T09:42:18.713. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/112567508
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    6831 11th Ave Los Angeles, CA 90043

    • Price: $1,999,999
    • Status: Active Under Contract
    • Updated: 53 min ago
    • ID#: 20-669730
    14
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    6,688
    SQFT
    $299
    $/SQFT
    1955
    Built
    Neighborhood:
    Park Hills Heights
    County:
    Los Angeles
    Area:
    Park Hills Heights
    Property Description
    It is our pleasure to offer this prime 10 Unit income producing apartment building For Sale. Located in Hyde Park in close proximity to LA's newest Metro Line, unit mix consists of six 1 bedroom +1 bath and four 2 bedrooms +1 bath units. Unit 1 (2 bedroom + 1 bath) to be delivered vacant to Buyer. Roof and water heater were replaced in 2019 and units are separately metered for gas & electricity. 10 onsite parking spaces located in the rear (a mix of uncovered and covered/carport). This is NOT a soft-story building, so no City of LA Earthquake Retrofitting is required. Onsite Laundry area (no laundry equipment currently onsite) offers additional income opportunity. Take advantage of this great turnkey investment opportunity and upside in rents!
    Exterior Features

    Carport Spaces Total 5 Lot Size Area 11330 Other Structures None Parking Garage Carport DetachedUncovered Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Total Parking 10

    Interior Features

    Baths Total 10.00 Common Walls Attached Cooling None Equipment Other Heating Wall Gas Laundry Laundry Area

    Property Features

    Assessed Total Value 1470330 Gross Income 170037 Gross Operating Income 170037 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 126537.00 Number Of Buildings 1 Number Of Units 10 Owner Pays WaterGardenerOther Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Card/Code AccessExterior Security LightsGatedOther Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 43500 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Erika Mlachak DRE#01777303 of Verde Realty, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-18T09:42:18.713. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377