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6714 11Th Ave, Los Angeles, CA 90043
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6714 11Th Ave Los Angeles, CA 90043

$1,615,000 Sold Price as of 09/04/2019
  • 12 Beds
  • 10 Baths
  • 6,434 Sq.Ft.
Sold
$1,615,000 Sold Price as of 09/04/2019 Refinance Your Mortgage
Map preview of 6714 11Th Ave, Los Angeles, CA 90043

Property Overview: 6714 11Th Ave Los Angeles, CA has 12 bedrooms, 10 bathrooms, 6,434 living square feet and 11,333 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Nice bread and butter building located just blocks from Inglewood and less than 2 miles from the soon to be completed NFL stadium, this property is also walking distance to Crenshaw Blvd. and LA's newest Metro Line that will stretch from downtown LA to the cities of the South Bay. Mostly Section 8 tenant base provides stability of income with upside potential. A great value-add opportunity of severely lacking workforce housing in close reach of downtown LA and also the prospering Westside and Inglewood sub-markets.

Listed by Christopher Marsocci | BRE #01095183 | Goldcoast Commercial Group
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft
11,333
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19458006
City
Los Angeles
County
Los Angeles
Time on Site
1221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,166
  • Total Rent: $1,166
  • Pro Forma/Market Rent: $1,166
Unit Breakdown 3
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $8,731
  • Total Rent: $8,731
  • Pro Forma/Market Rent: $8,731
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.23%
  • Gross Rent Multiplier: 12.68
  • Gross Scheduled Income: --
  • Net Operating Income: $73,973
  • Gross Operating Income: $132,446
  • Improvements Total: $368,910
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6714 11Th Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport, Uncovered
Lot Information
  • Lot Features: Sprinklers None
Property Information
  • Total # of Units: 10
  • Parcel Number: 4006026008
Homeowners Association, Utilities, Taxes / Assessments
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: South of Slauson/East of Crenshaw
View more facts & features

Local Los Angeles Agent

Sale History for 6714 11Th Ave

Last sold for $1,615,000 on September 4th, 2019

  • September, 2019

  • Sep 5, 2019

    Date

    Sold

    CRMLS: 19458006

    $1,615,000

    Price

  • Aug 28, 2019

    Date

    Pending

    CRMLS: 19458006

    $1,750,000

    Price

  • Jul 10, 2019

    Date

    Active Under Contract

    CRMLS: 19458006

    $1,750,000

    Price

  • Jun 24, 2019

    Date

    Active

    CRMLS: 19458006

    $1,750,000

    Price

  • May 25, 2019

    Date

    Active Under Contract

    CRMLS: 19458006

    $1,750,000

    Price

  • Apr 24, 2019

    Date

    Active

    CRMLS: 19458006

    $1,750,000

    Price

  • September, 2019

  • Sep 4, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,615,000

    Price

Show More

Tax History for 6714 11Th Ave

Assessed Value (2020): $1,615,000
Year Land Value Improved Value Assessed Value
2020 $1,100,000 $515,000 $1,615,000

Home Value Compared to the Market

This property vs the competition

6714 11Th Ave sold on September 4, 2019 for 47.06% higher 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 $271.99 per/sqft which puts the price per square foot 63.97% lower than the current median sale per square foot for the city of Los Angeles.

About 6714 11Th Ave

Detailed summary of property

6714 11Th Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 12 bedrooms, 10 bathrooms, roughly 6,434 living square feet, and sits on an approximately 11,333 square foot lot. 6714 11Th Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,615,000. 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 47.06% higher than the current median priced home. Local homes that are currently for sale include 1106 W 91st St, 3877 Denker Ave and 961 W 47th St. While the average home in Los Angeles, CA is selling in 92 days, 6714 11Th Ave has a days on market of 77 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 6714 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 6714 11Th Ave

Public county record property details
Beds
12
Baths
10
Year built
1955
Sq. Ft.
6,434
Lot Size
11,332
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
609
APN
4006-026-008

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
$949,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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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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