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1820 W 11th St, Los Angeles, CA 90006
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1820 W 11th St Los Angeles, CA 90006

$1,900,000
  • 5 Beds
  • 9 Baths
  • 3,626 Sq.Ft.
For Sale
$1,900,000 Get Pre-Qualified
Map preview of 1820 W 11th St, Los Angeles, CA 90006

Property Overview: 1820 W 11th St Los Angeles, CA has 5 bedrooms, 9 bathrooms, 3,626 living square feet and 6,150 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: 1820 W 11th St, Los Angeles is a high cash-flowing, renovated 9 unit building located near downtown. The property is currently operating at a 7.29% CAP Rate and 9.50 GRM. This is the ideal opportunity for any buyer looking for a low-maintenance, positive leverage asset with high in place cash flow. The subject property is comprised of (5) 1-Bed/1- Bath and (4) Studio/1-Bath units. 8/9 units have been extensively renovated, including floors, cabinets, bathrooms and all major systems. 1820 W 11th St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops and restaurants nearby, making it a prime location for renters.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Olga Wright | BRE #01315042 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 11 minutes ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
6,150
HOA Dues
$0/mo
Year built
1906
Garage
--
Property Type:
Apartment
Status
Active
MLS#
SB24076817
City
Los Angeles
County
Los Angeles
Time on Site
17 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $957
  • Total Rent: $957
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,516
  • Total Rent: $1,516
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,016
  • Total Rent: $2,016
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,016
  • Total Rent: $2,016
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,951
  • Total Rent: $1,951
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,516
  • Total Rent: $1,516
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,516
  • Total Rent: $1,516
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,603
  • Total Rent: $1,603
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.29%
  • Gross Rent Multiplier: 9.5
  • Gross Scheduled Income: $200,045
  • Net Operating Income: $138,516
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $55,527
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 1820 W 11th St

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Property Details for 1820 W 11th St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 5136020022
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off Pico and Alvarado
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1820 W 11th St

Last sold for $845,000 on April 11th, 2019

  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: SB24076817

    $1,900,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: SR23198730

    $2,050,000

    Price

  • Oct 25, 2023

    Date

    Active

    CRMLS: SR23198730

    $2,050,000

    Price

  • Listing provided courtesy of CRMLS

    9 Unit Multi-family Residential property completely renovated in 2023. Renovations include new electrical, plumbing, HVAC, kitchens, flooring, fire sprinklers, fire alarm system, and more. Very desirable rental market in the Pico Union Historic District with a great unit mix of 4 studios and 5 one bedroom units. One of the units is a detached bungalow and there may be an opportunity to convert the two car garage in the rear of the property into an ADU. This is a fully remodeled and turn key Victorian charmer with 6 off street paved parking spaces plus a two car garage by DTLA. It is turn key and ready to go. The four 1-bedroom apartments are actively being leased. Offered at a 11.11 GRM and 6.08% cap rate with remaining 10.5% loss to lease. There is also a program sponsoring 4 of the tenants which pays additional $1k per month incentive income that is not included in this cap rate and GRM.

  • April, 2019

  • Apr 12, 2019

    Date

    Sold

    CRMLS: DW18265271

    $845,000

    Price

  • Mar 5, 2019

    Date

    Pending

    CRMLS: DW18265271

    $940,500

    Price

  • Feb 13, 2019

    Date

    Price Change

    CRMLS: DW18265271

    $940,500

    Price

  • Nov 2, 2018

    Date

    Active

    CRMLS: DW18265271

    $1,125,000

    Price

  • Listing provided courtesy of CRMLS

    Location! Location! Location!! Don't miss out on these five unit property in a great location near the DTLA area, Staples Center, LA Live, and access to the 110 Freeway. Tenth Street Elementary school and the Salvation Army is blocks away from this address. Property features Unit #1 with 2 bed 1 bath, and Units #1,2,3 & 4 are all 1 bed 1 bath each. Building one is a front single unit and building two is in the rear featuring 4 units. All are currently tenant occupied, all units are of good size with their individual kitchens, living spaces, closets, and restrooms. The rear building is two floors with entry on the first level (no elevator). Also, you will see some of the neighboring units recently have been renovated or new constructions of other complexes in the area make this is a great piece of property for an investor. Don't miss out!

  • April, 2019

  • Apr 10, 2019

    Date

    Sold (Public Records)

    Public Records

    $845,000

    Price

  • February, 2018

  • Feb 8, 2018

    Date

    Canceled

    CRMLS: DW17278226

    $749,900

    Price

  • Feb 3, 2018

    Date

    Active

    CRMLS: DW17278226

    $749,900

    Price

  • Jan 4, 2018

    Date

    Hold

    CRMLS: DW17278226

    $749,900

    Price

  • Dec 21, 2017

    Date

    Active

    CRMLS: DW17278226

    $749,900

    Price

  • Listing provided courtesy of CRMLS

    **ORIGINALLY LISTED AT $900,000 REDUCED TO $749,900 - INVESTORS DREAM** Legal use for this property is as follows: 2 Story building as a 2 family dwelling and 4 guest rooms R-1 Occupancy. Front unit may be permitted as a single family dwelling or retail office. Buyer to verify all permits with the city. Current use of the property does not conform with its legal use: 5 unit residential income property which consists of 2 buildings. 1 front detached 1 bedroom unit and a 4 unit 2 story building located in the back. All units be delivered occupied. Great rents! Unit #1: 2 bedroom ($1,527/month) Unit #2: 1 bedroom ($1,050/month) Unit #3: 1 bedroom ($1,088/month) Unit #4: 1 bedroom ($1,037/month) Unit #5: 1 bedroom ($856/month). Total income per month: $5,558/month. Please note, property only has 2 electric meters and 1 gas meter. 1 electric meter for the front detached 1 bedroom unit and 1 electric meter for the 4 unit 2 story building in the back. Seller is extremely motivated, please submit all offers!

  • December, 2017

  • Dec 19, 2017

    Date

    Expired

    CRMLS: DW17126610

    $750,000

    Price

  • Dec 19, 2017

    Date

    Active

    CRMLS: DW17126610

    $750,000

    Price

  • Oct 20, 2017

    Date

    Pending

    CRMLS: DW17126610

    $750,000

    Price

  • Sep 8, 2017

    Date

    Price Change

    CRMLS: DW17126610

    $750,000

    Price

  • Aug 29, 2017

    Date

    Active

    CRMLS: DW17126610

    $889,000

    Price

  • Aug 28, 2017

    Date

    Hold

    CRMLS: DW17126610

    $889,000

    Price

  • Aug 18, 2017

    Date

    Active

    CRMLS: DW17126610

    $889,000

    Price

  • Aug 17, 2017

    Date

    Hold

    CRMLS: DW17126610

    $889,000

    Price

  • Jul 11, 2017

    Date

    Price Change

    CRMLS: DW17126610

    $889,000

    Price

  • Jun 7, 2017

    Date

    Active

    CRMLS: DW17126610

    $900,000

    Price

  • Listing provided courtesy of CRMLS

    **MAJOR PRICE REDUCTION!! ORIGINALLY LISTED AT $900,000 DOWN TO $750,000 - INVESTORS NEEDED** Legal use for this property is as follows: 2 Story building as a 2 family dwelling and 4 guest rooms R-1 Occupancy. Front unit may be permitted as a single family dwelling or retail office. Buyer to verify all permits with the city. Current use of the property which does not conform with its legal use: 5 unit residential income property which consists of 2 buildings. 1 front detached 1 bedroom unit and a 4 unit 2 story building located in the back. All units be delivered occupied. Great rents! Unit #1: 2 bedroom ($1,483/month) Unit #2: 1 bedroom ($1,020/month) Unit #3: 1 bedroom ($1,037/month) Unit #4: 1 bedroom ($1,037/month) Unit #5: 1 bedroom ($832/month). Total income per month: $5,409/month. Please note, property only has 2 electric meters and 1 gas meter. 1 electric meter for the front detached 1 bedroom unit and 1 electric meter for the 4 unit 2 story building in the back. Seller pays approximately $750/month for water and power. Seller is extremely motivated, please submit all offers!

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Tax History for 1820 W 11th St

Assessed Value (2020): $861,900
Year Land Value Improved Value Assessed Value
2020 $688,500 $173,400 $861,900

Home Value Compared to the Market

This property vs the competition

1820 W 11th St is listed 55.1% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $523.99 per/sqft which puts the price per square foot 32.3% lower than the median price per square foot for the city of Los Angeles.

About 1820 W 11th St

Detailed summary of property

1820 W 11th St is a apartment located in Los Angeles, CA 90006 and is currently for sale. This apartment offers 5 bedrooms, 9 bathrooms, roughly 3,626 living square feet, and sits on an approximately 6,150 square foot lot. 1820 W 11th St was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $1,900,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 55.1% higher than the median priced home. Local competing homes currently for sale include 2740 James M Wood, 2885 Francis Ave and 577 Venice Boulevard. While the average home in Los Angeles, CA is selling in 96 days, 1820 W 11th St has a days on market of 11 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1820 W 11th St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1820 W 11th St

Public county record property details
Beds
2
Baths
1
Year built
1906
Sq. Ft.
3,626
Lot Size
6,148
Stories
--
Type
Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5136-020-022

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$611
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
36
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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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