Skip To Content

    1615 W 11th Street

    Los Angeles (City), CA 90015
    • $850,000
    • STATUS: Active
    • ON SITE: 180 days
    • ID#: SB20192659
    UPDATED: 22 min ago
    $850,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,016
      SQFT
    • $212
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    Location! Location! Tons of potential & upside with this Pico Union Residential Income property. Downstair is a 2 bedroom & 2 full bathrooms with tubs. 2 parking spots, small storage shed in the common area.Upstairs is divided into 5 SRO+GGs that share 1 restroom. Property is fully occupied but we can get a few vacant with the right offer. There is also a income generating billboard on the property currently has a lease for $125.00 a month under current contract ends in 2 years, in which time the value could be renegotiated. Property profile shows building characteristics as a duplex. Buyer & Buyer's agent to do their own due diligence.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T12:21:33.927. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/111027757
    Print Image

    1615 W 11th Street Los Angeles (City), CA 90015

    • Price: $850,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: SB20192659
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    4,016
    SQFT
    $212
    $/SQFT
    1905
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Location! Location! Tons of potential & upside with this Pico Union Residential Income property. Downstair is a 2 bedroom & 2 full bathrooms with tubs. 2 parking spots, small storage shed in the common area.Upstairs is divided into 5 SRO+GGs that share 1 restroom. Property is fully occupied but we can get a few vacant with the right offer. There is also a income generating billboard on the property currently has a lease for $125.00 a month under current contract ends in 2 years, in which time the value could be renegotiated. Property profile shows building characteristics as a duplex. Buyer & Buyer's agent to do their own due diligence.
    Exterior Features

    Garage Spaces 0.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 2.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Floor Furnace Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Street Lights Country Us Current Financing Conventional Electric Expense 500.00 Elevation Units Feet Fuel Expense 200.00 Gross Income 50448.00 Gross Scheduled Income 4204.00 Insurance Expense 800.00 Land Lease YN No Laundry YN No Net Operating Income 4004.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 200.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 4204.00 Total Expenses 1950.00 Trash Expense 500.00 Utilities Electricity ConnectedSewer Available Water Sewer Expense 650.00 Water Source Public Year Built Source Assessor Zoning Lac1

    Listing provided courtesy of Alex Sanchez of Realty One Group United


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T12:21:33.927. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364824635-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364824635-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364824635-1.jpg
    Logo
    Realty Masters & Associates
    2900 Adams St #A-420
    Riverside CA, 92504