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5857 11th Ave, Los Angeles, CA 90043
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5857 11th Ave Los Angeles, CA 90043

$1,050,000
  • 0 Beds
  • 0 Baths
  • 2,378 Sq.Ft.
For Sale
$1,050,000 Get Pre-Qualified
Map preview of 5857 11th Ave, Los Angeles, CA 90043

Property Overview: 5857 11th Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 2,378 living square feet and 7,479 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: Great opportunity for a builder to develop, an investor to buy and hold or as an owner-occupied property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Unlock the potential of a prime development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 4 site, this property offers significant incentives for increased density and reduced parking requirements. The ample lot size and substantial allowable floor area make it an ideal choice for developers seeking to create a high-density, multifamily residential project. Key features include a generous Buildable Area: The property spans 7,479 sq. ft. with a buildable square footage of 22,437 sq. ft., providing ample space for a substantial development. Optimized density and parking efficiency may allow developer to benefit from an 80% increase in allowable density and a 55% reduction in parking requirements, enhancing the project's feasibility and cost-effectiveness. Situated in a vibrant and accessible part of Los Angeles, this property is ideally positioned to attract residents . Its strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. All information given deemed reliable but not guaranteed. Buyer and buyers agent to perform their own investigation in order to confirm the accuracy of all information including but not limited to lot size, zoning, development opportunities and building restrictions. One of the two units may be delivered vacant at close of escrow. showings will be scheduled by appointment with accepted offer subject to interior inspection. call listing agent for information on current rent roll.

Listed by Shamim Khorsand Mashhadi | BRE #02042990 | RE/MAX ESTATE PROPERTIES
Last checked: 12 minutes ago | Last updated: September 11th, 2024 | Source CRMLS | DOM: 67

Home details

Lot Sq. Ft
7,479
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24415401
City
Los Angeles
County
Los Angeles
Time on Site
65 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 0
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 5857 11th Ave

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Property Details for 5857 11th Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5006010001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From the 90 Freeway Slauson East to destination.
View more facts & features

Local Los Angeles Agent

Sale History for 5857 11th Ave

Last sold for $699,000 on July 17th, 2020

  • July, 2024

  • Jul 14, 2024

    Date

    Active

    CRMLS: 24415401

    $1,050,000

    Price

  • July, 2024

  • Jul 8, 2024

    Date

    Canceled

    CRMLS: 24399691

    $1,050,000

    Price

  • Jul 3, 2024

    Date

    Active

    CRMLS: 24399691

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    DUPLEX IN THE PARK MESA HEIGHTS NEIGHBORHOOD SPANNING NEARLY THREE SQUARE MILES BETWEEN INGLEWOOD AND DOWNTOWN LOS ANGELES. ONE 3-BEDROOM SHORT-TERM FURNISHED, MONTH TO MONTH AIR BNB RENTAL. AIR BNB UNIT RENT IS PROJECTED. PLUS 1 BEDROOM UNIT. CHECK WITH CITY REGARDING DEVELOPMENT POTENTIAL OF 7,479 SQUARE FOOT R3 LOT.

  • July, 2020

  • Jul 18, 2020

    Date

    Sold

    CRMLS: SR20093290

    $699,000

    Price

  • Jun 23, 2020

    Date

    Pending

    CRMLS: SR20093290

    $699,900

    Price

  • Jun 11, 2020

    Date

    Active

    CRMLS: SR20093290

    $699,900

    Price

  • Listing provided courtesy of CRMLS

    Two houses on a lot, the front house has 3 bedrooms + 1 bath, with large living room & dining room, The second house has 2 bedrooms + 1 bath and a den. Large Permitted Storage space under the second house- (which could be turn into an ADU) Newer Double pane windows on all units, Back house has newer roof, Partially replaced main sewer line. **Tax Records shows 5857 11th Ave., but the actual physical address is 5758 11th Ave. buyer to investigate.** The lot is ZONING RD-3, in the TOC Teer-4 zone, (this means City incentives) Also is within the (Opportunity Zone, Exempted from Federal Capital gain taxes). This property is located in a highly sought after, area of Hyde Park and close to the upcoming metro stations and all the new developments coming up and around Crenshaw/Slauson including the SoFi Stadium & Entertainment Complex. home of the LA Rams. Walking distance to the metro station Slauson Corridor Transit Neighborhood Plan(TNP). PLEASE INTERNET SEARCH "SLAUSON TNP" to view the map and get more details. This is a tremendous investment,,, Did I mention 3 car garages?

  • July, 2020

  • Jul 17, 2020

    Date

    Sold (Public Records)

    Public Records

    $699,000

    Price

  • January, 2004

  • Jan 21, 2004

    Date

    Sold (Public Records)

    Public Records

    $300,000

    Price

Show More

Tax History for 5857 11th Ave

Assessed Value (2020): $389,998
Year Land Value Improved Value Assessed Value
2020 $299,003 $90,995 $389,998

Home Value Compared to the Market

This property vs the competition

5857 11th Ave is listed 12.5% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $441.55 per/sqft which puts the price per square foot 42.51% lower than the median price per square foot for the city of Los Angeles.

About 5857 11th Ave

Detailed summary of property

5857 11th Ave is a multi family located in Los Angeles, CA 90043 and is currently for sale. This multi family property offers -- bedrooms, -- bathrooms, roughly 2,378 living square feet, and sits on an approximately 7,479 square foot lot. 5857 11th Ave was first listed on ArdentRealEstateGroup.com on July 15, 2024. The homeowner is currently asking $1,050,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 12.5% lower than the median priced home. Local competing homes currently for sale include 2722 W 43rd Pl, 2714 W 43rd Pl and 5300 Ruthelen St. While the average home in Los Angeles, CA is selling in 106 days, 5857 11th Ave has a days on market of 67 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 5857 11th Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5857 11th Ave

Public county record property details
Beds
5
Baths
2
Year built
1920
Sq. Ft.
2,474
Lot Size
7,483
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
367
APN
5006-010-001

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$950,000
Median List Price/Sq.Ft.
$623
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$647
Total Inventory
95
Median Sale to List Price %
103.02%
Avg Days on Market
34
Loan Type
Conventional (29.17%), FHA (4.17%), VA (0%), Cash (20.83%), Other (4.17%)

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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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