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    1513 W 11Th Pl

    Los Angeles, CA 90015
    • $1,850,000
    • STATUS: Active
    • ON SITE: 50 days
    • ID#: 20-612164
    $1,850,000
    • 16
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,972
      SQFT
    • $232
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    I am pleased to offer for sale an eight unit apartment community located at 1513 West 11th Place. The subject property offers investors the opportunity to acquire a property with stable operating history that is located less than one mile from the Staples Center, LA Live and numerous retail opportunities. Consisting of one two-story building, the property is situated on a 9,186 square foot parcel. The property features eight large units with secured parking for every unit and is individually metered for all utilities. Due to its 1910 construction, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. 1513 West 11th Place is located just south of Olympic Boulevard and east of Union Avenue. An investor will be able to increase the lease rates when units become vacant by capitalizing on the westward expansion and revitalization of the Downtown sub-market.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-19T23:42:26.497. 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.randyplaice.com/homes/108447452
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    1513 W 11Th Pl Los Angeles, CA 90015

    • Price: $1,850,000
    • Status: Active
    • ID#: 20-612164
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    7,972
    SQFT
    $232
    $/SQFT
    1910
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    I am pleased to offer for sale an eight unit apartment community located at 1513 West 11th Place. The subject property offers investors the opportunity to acquire a property with stable operating history that is located less than one mile from the Staples Center, LA Live and numerous retail opportunities. Consisting of one two-story building, the property is situated on a 9,186 square foot parcel. The property features eight large units with secured parking for every unit and is individually metered for all utilities. Due to its 1910 construction, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. 1513 West 11th Place is located just south of Olympic Boulevard and east of Union Avenue. An investor will be able to increase the lease rates when units become vacant by capitalizing on the westward expansion and revitalization of the Downtown sub-market.
    Exterior Features

    Lot Size Area 9186 Other Structures None Parking Garage Parking Space Total Parking 8

    Interior Features

    Baths Total 8.00 Cooling Other Equipment Other Heating Other Laundry Laundry AreaCommunity

    Property Features

    Assessed Total Value 1259700 Gross Income 135300 Gross Operating Income 135441 Like Units1 8 Net Operating Income 79981.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 55460 Type Of Units Residential Water Heaters YN Yes Year Built Source Assessor Zoning R4-1

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-19T23:42:26.497. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355