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1852 W 11th St Los Angeles, CA 90006

$880,000 Sold Price as of 11/15/2019

8 Beds
8 Baths
2,500 Sq.Ft.

Sold

$880,000 Sold Price as of 11/15/2019 Refinance Your Mortgage

Map preview of 1852 W 11th St, Los Angeles, CA 90006

Property Overview: 1852 W 11th St Los Angeles, CA has 8 bedrooms, 8 bathrooms, 2,500 living square feet and 6,135 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great first-time investment opportunity! Close to USC and Loyola Marymount Law School, 10 and 110 freeways. Property has been remodeled and is move-in ready for new tenants. Assessor shows 2 units with 4 bedrooms and 1 bath. The property actually has 8 bedrooms each with their own private bathrooms. The kitchen, bedrooms, bathrooms, and floors, and the entire building have been fully remodeled throughout. The property was previously used for Airbnb Grossing $15,000/month. The property has an on-site manager in the backyard small guest house with an additional 9th bedroom. The property will be delivered without tenants with the option of the on-site manager remaining our leaving.

Listed by JUSTIN CHU | BRE #01900624 | KW Executive

Last checked: 48 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft: 6,135
HOA Dues: $0/mo
Year built: 1903
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: WS19187308
City: Los Angeles
County: Los Angeles
Time on Site: 1220 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Electric Meters: 0
# of Gas Meters: 0
# of Water Meters: 0

Unit Breakdown 1

# of Units: 2
# of Beds: 4
# of Baths: 4
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $4,800

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 8.21%
Gross Rent Multiplier: --
Gross Scheduled Income: $115,200
Net Operating Income: $81,949
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $27,491
Electric: $1,867
Gas/Fuel: $970
New Taxes: $10,978
Trash: $1,000
Insurance: $1,500
Water/Sewer: $2,203

Property Details for 1852 W 11th St

Interior Features

Laundry Information

Has Laundry
Dryer Included, Gas Dryer Hookup, In Kitchen, Washer Hookup, Washer Included

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 5136020016
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: S Alvarado Street and W 11th Street

Neighborhood Information

Community Features: Biking, Dog Park, Urban

View more facts & features

Local Los Angeles Agent

Sale History for 1852 W 11th St

Last sold for $880,000 on November 15th, 2019

November, 2019
Nov 18, 2019

Date

Sold

CRMLS: WS19187308

$880,000

Price
Nov 4, 2019

Date

Pending

CRMLS: WS19187308

$950,000

Price
Oct 15, 2019

Date

Active Under Contract

CRMLS: WS19187308

$950,000

Price
Oct 7, 2019

Date

Price Change

CRMLS: WS19187308

$950,000

Price
Sep 3, 2019

Date

Active

CRMLS: WS19187308

$998,000

Price
Sep 3, 2019

Date

Pending

CRMLS: WS19187308

$998,000

Price
Aug 6, 2019

Date

Active

CRMLS: WS19187308

$998,000

Price
November, 2019
Nov 15, 2019

Date

Sold (Public Records)

Public Records

$880,000

Price
March, 2017
Mar 20, 2017

Date

Sold (Public Records)

Public Records

$560,000

Price

Tax History for 1852 W 11th St

Assessed Value (2020): $880,000

Year	Land Value	Improved Value	Assessed Value
2020	$660,000	$220,000	$880,000

Home Value Compared to the Market

This property vs the competition

1852 W 11th St sold on November 15, 2019 for 20.17% lower 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 $380 per/sqft which puts the price per square foot 49.67% lower than the current median sale per square foot for the city of Los Angeles.

About 1852 W 11th St

Detailed summary of property

1852 W 11th St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 2,500 living square feet, and sits on an approximately 6,135 square foot lot. 1852 W 11th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $880,000. 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 20.17% lower than the current median priced home. Local homes that are currently for sale include 1466 W 22nd St, 1289 W 25th St and 2305 W 2nd St. While the average home in Los Angeles, CA is selling in 94 days, 1852 W 11th St has a days on market of 51 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 1852 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 1852 W 11th St

Public county record property details

Beds: 4
Baths: 1
Year built: 1903
Sq. Ft.: 2,500
Lot Size: 6,135
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 17
APN: 5136-020-016

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

Median Sale to List Price %

98.71%

Avg Days on Market

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.