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11111 Wilmington Ave, Los Angeles, CA 90059
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11111 Wilmington Ave Los Angeles, CA 90059

$725,000
  • 2 Beds
  • 3 Baths
  • 1,787 Sq.Ft.
For Sale
$725,000 Get Pre-Qualified
Map preview of 11111 Wilmington Ave, Los Angeles, CA 90059

Property Overview: 11111 Wilmington Ave Los Angeles, CA has 2 bedrooms, 3 bathrooms, 1,787 living square feet and 6,501 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: PRICE REDUCTION! Great opportunity for owner/user! Mixed use property with two commercial retail units in front and a Single Family Residence towards the back of the property. Tenants are currently month to month. The recently remodeled barber shop is leased for $950/mo. The Single Family Residence is leased for $1,250/mo and is in need of cosmetic repairs but has the potential for an ADU. The restaurant is currently vacant and has been recently remodeled with all new restaurant equipment for a takeout style food service operation. The new owner could operate his fast food business from the facility or lease it turnkey to a restaurant owner. Per ZIMAS the lot is Tier 3 TOC which gives the property development potential for the future as the property is in close proximity to the necessary Transit resources enabling greater density if developing affordable residential housing. Motivated Seller! **Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.**

Listed by Christopher Quintal | BRE #01127650 | Century City Realtors
Last checked: 7 minutes ago | Last updated: March 7th, 2024 | Source CRMLS | DOM: 249
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Home details

Lot Sq. Ft
6,501
HOA Dues
$0/mo
Year built
1962
Garage
1 Car
Property Type:
Multi Family
Status
Active
MLS#
23299995
City
Los Angeles
County
Los Angeles
Time on Site
245 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.23
  • Gross Scheduled Income: --
  • Net Operating Income: $55,680
  • Gross Operating Income: $69,600
  • Other Income 1: $1,350
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 11111 Wilmington Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Roof: Tar/Gravel
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Driveway, Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6069013017
  • Architectural Style: See Remarks
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of imperial Hwy/ 105 Freeway and South of Century Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 11111 Wilmington Ave

View property's historical transactions

  • August, 2023

  • Aug 11, 2023

    Date

    Active

    CRMLS: 23299995

    $850,000

    Price

Tax History for 11111 Wilmington Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

11111 Wilmington Ave is listed 41.95% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $405.71 per/sqft which puts the price per square foot 47.45% lower than the median price per square foot for the city of Los Angeles.

About 11111 Wilmington Ave

Detailed summary of property

11111 Wilmington Ave is a multi family located in Los Angeles, CA 90059 and is currently for sale. This multi family property offers 2 bedrooms, 3 bathrooms, roughly 1,787 living square feet, and sits on an approximately 6,501 square foot lot. 11111 Wilmington Ave was first listed on ArdentRealEstateGroup.com on August 26, 2023. The homeowner is currently asking $725,000 and was originally asking $850,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 41.95% lower than the median priced home. Local competing homes currently for sale include 9311 Bandera, 9305 Maie Ave and 752 E Lanzit Ave. While the average home in Los Angeles, CA is selling in 97 days, 11111 Wilmington Ave has a days on market of 249 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 11111 Wilmington Ave Los Angeles, CA 90059 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11111 Wilmington Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90059 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$512
Median Sold Price
$560,000
Median Sold Price/Sq.Ft.
$510
Total Inventory
45
Median Sale to List Price %
100%
Avg Days on Market
33
Loan Type
Conventional (13.33%), FHA (53.33%), VA (0%), Cash (6.67%), Other (13.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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