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2945 W 11Th St, Los Angeles, CA 90006
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2945 W 11Th St Los Angeles, CA 90006

$820,000 Sold Price as of 03/28/2024
  • 4 Beds
  • 4 Baths
  • 2,132 Sq.Ft.
Sold
$820,000 Sold Price as of 03/28/2024 Refinance Your Mortgage
Map preview of 2945 W 11Th St, Los Angeles, CA 90006

Property Overview: 2945 W 11Th St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,132 living square feet and 2,025 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2945 W 11th Street is a charming 2,132 square foot fourplex situated on a 2,025 square foot LAR4 zoned lot. The property is made up of four (4) one (1) bedroom & one (1) bathroom units that average about 533 square feet. Each unit is separately metered for gas, electricity and water, with separate H20 heaters and Washers and Dryers! The building is classic 1920's style and features a newer roof added in 2022. One unit is fully upgraded with new flooring, cabinetry, retiled bathroom and new fixtures. The subject property is located in the up and coming Koreatown area of Los Angeles! It provides easy access to all of the excellent restaurants, shopping, entertainment, and employment opportunities that Koreatown, Hollywood and Downtown LA have to offer, making it highly sought after by the young professional tenant. The location is deemed a "Walker's Paradise" with a score of 94 out of 100 since most daily errands can be accomplished by foot. Within close proximity you have Monty's Good Burger, Park's BBQ, California Marketplace, and many other local eateries and bars. 2945 W 11th Street is located in the City of Los Angeles and is subject to rent control.

Listed by Nicole Apostolos | BRE #01464936 | Equity Union
Last checked: 11 minutes ago | Last updated: March 28th, 2024 | Source CRMLS | DOM: 105

Home details

Lot Sq. Ft
2,025
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23335185
City
Los Angeles
County
Los Angeles
Time on Site
218 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,560
  • Total Rent: $1,560
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,014
  • Total Rent: $1,014
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,017
  • Total Rent: $1,017
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,017
  • Total Rent: $1,017
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.62%
  • Gross Rent Multiplier: 14.45
  • Gross Scheduled Income: --
  • Net Operating Income: $36,886
  • Gross Operating Income: $53,637
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2945 W 11Th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5080033014
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of W Olympic Blvd., East of Western Ave and West of Irolo St in Koreatown
View more facts & features

Local Los Angeles Agent

Sale History for 2945 W 11Th St

Last sold for $820,000 on March 28th, 2024

  • March, 2024

  • Mar 28, 2024

    Date

    Sold

    CRMLS: 23335185

    $820,000

    Price

  • Nov 28, 2023

    Date

    Active

    CRMLS: 23335185

    $799,000

    Price

  • May, 2022

  • May 23, 2022

    Date

    Expired

    CRMLS: 22123309

    $995,000

    Price

  • Feb 7, 2022

    Date

    Active

    CRMLS: 22123309

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    2945 W 11th Street is a charming 2,132 square foot fourplex situated on a 2,025 square foot LAR4 zoned lot. ONE UNIT MAY BE DELIVERED VACANT! The property is made up of four (4) one (1) bedroom & one (1) bathroom units that average about 533 square feet. Each unit is separately metered for water, gas & electricity, with separate H20 heaters! The subject property is located in the up and coming Koreatown area of Los Angeles! It provides easy access to all of the excellent restaurants, shopping, entertainment, and employment opportunities that Koreatown, Hollywood and Downtown LA have to offer, making it highly sought after by the young professional tenant. The location is deemed a "Walker's Paradise" with a score of 94 out of 100 since most daily errands can be accomplished by foot. Within close proximity you have Monty's Good Burger, Park's BBQ, California Marketplace, and many other local eateries and bars. The subject property is located in the City of Los Angeles and is subject to rent control. SELLER MAY CARRY and ONE (1) unit may be delivered vacant. Please do not disturb tenants.

  • May, 2021

  • May 6, 2021

    Date

    Active

    CRMLS: 21725564

    $1,099,000

    Price

  • Listing provided courtesy of CRMLS

    **MAJOR PRICE REDUCTION & no COVID rent delinquency** Welcome to an exciting opportunity for the right investor! Located within one of Los Angeles's coveted Opportunity Zones, this property is well positioned for major upward redevelopment. Centrally and conveniently located, this 4-plex has immediate access to the 10 Freeway and the METRO Purple Line while also being just a stone's throw to Koreatown's many cultural delights. The current owners have well maintained this steady-income property. 4-plex is currently 100% occupied. Currently a 3.48% CAP Rate, pro forma leases potentially bring the CAP Rate closer to 5%, even with a city reassessment. Each unit is independently metered and tenants currently pay for all expenses including water, gas, electricity, trash, and cable service. Truly an investor's dream, don't wait! **Buyer is advised to independently verify all CAP Rates, investment calculations, and other associated information.

  • March, 2006

  • Mar 3, 2006

    Date

    Sold (Public Records)

    Public Records

    $571,000

    Price

  • April, 2002

  • Apr 30, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2945 W 11Th St

Assessed Value (2020): $713,492
Year Land Value Improved Value Assessed Value
2020 $562,301 $151,191 $713,492

Home Value Compared to the Market

This property vs the competition

2945 W 11Th St sold on March 28, 2024 for 37.28% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $374.77 per/sqft which puts the price per square foot 52.62% lower than the current median sale per square foot for the city of Los Angeles.

About 2945 W 11Th St

Detailed summary of property

2945 W 11Th St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,132 living square feet, and sits on an approximately 2,025 square foot lot. 2945 W 11Th St was first listed on ArdentRealEstateGroup.com on November 29, 2023. The homeowner sold the property for $820,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.28% lower than the current median priced home. Local homes that are currently for sale include 1362 W 37th Dr, 2305 W 2nd St and 313 S Burlington Ave. While the average home in Los Angeles, CA is selling in 100 days, 2945 W 11Th St has a days on market of 105 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 2945 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 2945 W 11Th St

Public county record property details
Beds
4
Baths
4
Year built
1923
Sq. Ft.
2,132
Lot Size
2,025
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5080-033-014

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.
$597
Median Sold Price
$299,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
40
Median Sale to List Price %
100%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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