Image 2 for 11660 Texas Ave, Los Angeles, CA 90025

View Photos

11660 Texas Ave Los Angeles, CA 90025

$5,125,000 Sold Price as of 10/06/2022

18 Beds
9 Baths
11,562 Sq.Ft.

Sold

$5,125,000 Sold Price as of 10/06/2022 Refinance Your Mortgage

Refinance Your Mortgage

Map preview of 11660 Texas Ave, Los Angeles, CA 90025

Property Overview: 11660 Texas Ave Los Angeles, CA has 18 bedrooms, 9 bathrooms, 11,562 living square feet and 7,019 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present an ideal investment opportunity - well-located apartment building in a very strong rental submarket with significant rental upside, not on the LADBS Soft Story Retrofit list.11660 Texas Avenue is a charming 9-unit apartment building one block south of Wilshire and one block east of Barrington Avenue. High-demand large 2BD+2BA units with balcony for tenants who work from home. The building's amenities include gated subterranean parking, controlled access entry, laundry room, large facilities room, private patios & elevator. Most of the building systems have been upgraded: Plumbing is copper, the elevator's system has been rebuilt and a completely new roof was installed in 2010. The building is ideally situated in close proximity to transportation as well as to Brentwood and West LA shopping, entertainment, schools &markets.

Listed by Eric Sackler | BRE #01057377 | Coldwell Banker Realty
Co-listed by Susan Lau | BRE #01516710 | Coldwell Banker Realty

Last checked: 2 minutes ago | Last updated: October 11th, 2022 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft: 7,019
HOA Dues: $0/mo
Year built: 1962
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22163722
City: Los Angeles
County: Los Angeles
Time on Site: 705 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 9
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,652
Total Rent: $2,652
Pro Forma/Market Rent: $3,750

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,645
Total Rent: $2,645
Pro Forma/Market Rent: $3,750

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,695
Total Rent: $2,695
Pro Forma/Market Rent: $3,750

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,800
Total Rent: $2,800
Pro Forma/Market Rent: $3,750

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,260
Total Rent: $2,260
Pro Forma/Market Rent: $3,750

Unit Breakdown 6

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,400
Total Rent: $2,400
Pro Forma/Market Rent: $3,750

Unit Breakdown 7

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,494
Total Rent: $2,494
Pro Forma/Market Rent: $3,750

Unit Breakdown 8

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,750
Total Rent: $3,750
Pro Forma/Market Rent: $3,750

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.56%
Gross Rent Multiplier: 17.19
Gross Scheduled Income: --
Net Operating Income: $187,019
Gross Operating Income: $299,014

Annual Expense Breakdown

Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 11660 Texas Ave

Interior Features

Heating Information

Has Heating
Wall Furnace

Laundry Information

Has Laundry
Washer Included, Dryer Included

Kitchen Information

Has Appliances
Dishwasher, Microwave, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 14
Has Parking
Parking Features: Covered, Community Structure, Controlled Entrance, Garage Door Opener, Parking Space, Subterranean

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 9
Parcel Number: 4263014039
Year Built Source: Assessor

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: East of Barrington Avenue South of Wilshire Blvd

View more facts & features

Local Los Angeles Agent

Sale History for 11660 Texas Ave

Last leased for $2,950 on October 7th, 2022

October, 2022
Oct 7, 2022

Date

Leased

CRMLS: 22191817

$2,950

Price
Aug 21, 2022

Date

Active

CRMLS: 22191817

$2,950

Price
Listing provided courtesy of CRMLS

High-demand large 2BD+2BA units with a private balcony. Upper-level unit is spacious with lots of storage spaces. The kitchen includes a gas stove, fridge, and dishwasher. The living room has a nice gas fireplace and a wall A/C. The unit is carpeted throughout. The building's amenities include gated subterranean parking, controlled access entry, laundry room, private patios & elevator. The building is ideally situated in close proximity to transportation as well as to Brentwood and West LA shopping, entertainment, schools &markets. Pets OK.

Continue Reading
October, 2022
Oct 7, 2022

Date

Leased

CRMLS: 22191781

$2,750

Price
Aug 21, 2022

Date

Active

CRMLS: 22191781

$2,750

Price
Listing provided courtesy of CRMLS

High-demand large 2BD+2BA units with a private balcony. The lower-level unit is spacious with lots of storage spaces. The kitchen includes a gas stove, fridge, and dishwasher. The living room has a nice gas fireplace and a wall A/C. The unit is carpeted throughout. The building's amenities include gated subterranean parking, controlled access entry, laundry room, private patios & elevator. The building is ideally situated in close proximity to transportation as well as to Brentwood and West LA shopping, entertainment, schools &markets. Pets OK.

Continue Reading
October, 2022
Oct 6, 2022

Date

Sold

CRMLS: 22163722

$5,125,000

Price
Jun 15, 2022

Date

Active

CRMLS: 22163722

$5,250,000

Price
May, 2021
May 1, 2021

Date

Expired

CRMLS: 20650820

$4,800,000

Price
Oct 29, 2020

Date

Withdrawn

CRMLS: 20650820

$4,800,000

Price
Oct 29, 2020

Date

Active

CRMLS: 20650820

$4,800,000

Price
Listing provided courtesy of CRMLS

A well-located apartment building in a very strong rental submarket with significant upside. 11660 Texas Avenue, a charming 9-unit apartment building is located on a corner lot in West LA, just south of Brentwood. Each unit averages over 1,280 square feet a high-demand unit size for many tenants who work from home. The building's amenities include subterranean parking, controlled access entry, laundry room, large facilities room, private patios & elevator. It's situated in close proximity to transportation as well as to Brentwood and West shopping, entertainment, schools & markets. With its high-demand location, large rental upside, and attractive unit layouts, 11660Texas Avenue is well-positioned to capture high rents at landlord-favorable terms, and represents an advantageous long-term investment opportunity. 1 unit will be delivered vacant. Ideal investment opportunity for these changing times

Continue Reading
June, 2012
Jun 20, 2012

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 11660 Texas Ave

Assessed Value (2020): $529,252

Year	Land Value	Improved Value	Assessed Value
2020	$148,156	$381,096	$529,252

Home Value Compared to the Market

This property vs the competition

11660 Texas Ave sold on October 6, 2022 for 341.18% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $454.07 per/sqft which puts the price per square foot 39.86% lower than the current median sale per square foot for the city of Los Angeles.

About 11660 Texas Ave

Detailed summary of property

11660 Texas Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 18 bedrooms, 9 bathrooms, roughly 11,562 living square feet, and sits on an approximately 7,019 square foot lot. 11660 Texas Ave was first listed on ArdentRealEstateGroup.com on June 15, 2022. The homeowner sold the property for $5,125,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 341.18% higher than the current median priced home. Local homes that are currently for sale include 1100 S Corning St, 650 S La Jolla Ave and 955 N Croft Ave. While the average home in Los Angeles, CA is selling in 92 days, 11660 Texas Ave has a days on market of 42 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 11660 Texas Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11660 Texas Ave

Public county record property details

Beds: 18
Baths: 18
Year built: 1962
Sq. Ft.: 11,562
Lot Size: 7,019
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2
APN: 4263-014-039

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,199,000

Median List Price/Sq.Ft.

$749

Median Sold Price

$1,100,935

Median Sold Price/Sq.Ft.

$698

Total Inventory

114

Median Sale to List Price %

104.95%

Avg Days on Market

Loan Type

Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 11660 Texas Ave

Nearby Homes for Sale

Recently Sold Homes Near 11660 Texas Ave

$4,390,000 Last Sold Price

17 Beds

13 Baths

6787 Sq.Ft.

1288 Barry Ave
Los Angeles, CA 90025

$3,417,500 Last Sold Price

13 Beds

13 Baths

6440 Sq.Ft.

1328 Barry Ave
Los Angeles, CA 90025

$4,000,000 Last Sold Price

12 Beds

12 Baths

7212 Sq.Ft.

1334 Barry Ave
Los Angeles, CA 90025

11600 Rochester Ave, Los Angeles, CA 90025

$4,400,000 Last Sold Price

19 Beds

15 Baths

12390 Sq.Ft.

11600 Rochester Ave
Los Angeles, CA 90025

Related Resources to 11660 Texas Ave

New Listings in 90025

Popular Zip Codes

Popular Cities

Other Los Angeles Resources

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.