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1840 W 11th Pl, Los Angeles, CA 90006
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1840 W 11th Pl Los Angeles, CA 90006

$1,775,000
  • 0 Beds
  • 11 Baths
  • 3,744 Sq.Ft.
For Sale
$1,775,000 Get Pre-Qualified
Map preview of 1840 W 11th Pl, Los Angeles, CA 90006

Property Overview: 1840 W 11th Pl Los Angeles, CA has -- bedrooms, 11 bathrooms, 3,744 living square feet and 4,166 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: Built in 1900 but completely gutted with a new CofO in January 2022, 1840 W 11th Pl, Los Angeles is a high cash-flowing, renovated 6 unit building located near Downtown. The property is currently operating at 7% CAP Rate and 9 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 (1) 4Bed/4Bath, (1) 3Bed/3Bath and (4) Studio/1Bath units. All units have been extensively renovated, including floors, cabinets, bathrooms and all major systems. 1840 W 11th Pl 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: 13 minutes ago | Last updated: March 20th, 2024 | Source CRMLS | DOM: 109
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Home details

Lot Sq. Ft
4,166
HOA Dues
$0/mo
Year built
2022
Garage
--
Property Type:
Apartment
Status
Active
MLS#
SB24005846
City
Los Angeles
County
Los Angeles
Time on Site
127 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,031
  • Total Rent: $4,111
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,447
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,031
  • Total Rent: $3,045
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,424
  • Total Rent: $1,418
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,505
  • Total Rent: $1,488
  • Pro Forma/Market Rent: $1,525
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,771
  • Total Rent: $1,755
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,080
  • Total Rent: $1,080
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,082
  • Total Rent: $1,082
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,092
  • Total Rent: $1,092
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,092
  • Total Rent: $1,092
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,092
  • Total Rent: $1,092
  • Pro Forma/Market Rent: $1,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.4%
  • Gross Rent Multiplier: 9.02
  • Gross Scheduled Income: $196,701
  • Net Operating Income: $131,417
  • Gross Operating Income: $190,800
Annual Expense Breakdown
  • Total Operating Expense: $59,383
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 1840 W 11th Pl

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Property Details for 1840 W 11th Pl

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
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: 6
  • Parcel Number: 5136021016
  • Year Built Source: Other
  • 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 Alvarado and Pico
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1840 W 11th Pl

Last sold for $772,500 on April 10th, 2019

  • January, 2024

  • Jan 16, 2024

    Date

    Active

    CRMLS: SB24005846

    $1,800,000

    Price

  • April, 2019

  • Apr 17, 2019

    Date

    Sold

    CRMLS: RS18231867

    $772,432

    Price

  • Mar 8, 2019

    Date

    Pending

    CRMLS: RS18231867

    $867,000

    Price

  • Nov 5, 2018

    Date

    Price Change

    CRMLS: RS18231867

    $867,000

    Price

  • Sep 22, 2018

    Date

    Active

    CRMLS: RS18231867

    $879,000

    Price

  • Listing provided courtesy of CRMLS

    PROPERTY HAS 2 UNITS ONE OF THE UNITS HAS 4 BED AND 2 FULL BATHS 2ND UNIT HAS 2 BEDS 1 BATH FLOORING IS MIXED LINOLEUM AND CARPET. PROPERTY HAS BEEN WELL KEPT. IT HAS ROOM FOR 5 CARS TO PARK ON BACK OF THE PROPERTY.

  • April, 2019

  • Apr 10, 2019

    Date

    Sold (Public Records)

    Public Records

    $772,500

    Price

  • February, 2001

  • Feb 21, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1840 W 11th Pl

Assessed Value (2020): $787,880
Year Land Value Improved Value Assessed Value
2020 $630,360 $157,520 $787,880

Home Value Compared to the Market

This property vs the competition

1840 W 11th Pl is listed 42.11% higher 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 $774 and this home is listed at $474.09 per/sqft which puts the price per square foot 38.75% lower than the median price per square foot for the city of Los Angeles.

About 1840 W 11th Pl

Detailed summary of property

1840 W 11th Pl is a apartment located in Los Angeles, CA 90006 and is currently for sale. This apartment offers -- bedrooms, 11 bathrooms, roughly 3,744 living square feet, and sits on an approximately 4,166 square foot lot. 1840 W 11th Pl was first listed on ArdentRealEstateGroup.com on January 10, 2024. The homeowner is currently asking $1,775,000 and was originally asking $1,800,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 42.11% higher than the median priced home. Local competing homes currently for sale include 2743 James M Wood Blvd, 2885 Francis Ave and 2112 Toberman St. While the average home in Los Angeles, CA is selling in 94 days, 1840 W 11th Pl has a days on market of 109 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1840 W 11th Pl 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 1840 W 11th Pl

Public county record property details
Beds
4
Baths
2
Year built
1900
Sq. Ft.
2,160
Lot Size
4,166
Stories
--
Type
Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5136-021-016

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.
$602
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
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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