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6831 11th Ave, Los Angeles, CA 90043
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6831 11th Ave Los Angeles, CA 90043

$1,980,000 Sold Price as of 06/25/2021
  • 77 Beds
  • 55 Baths
  • 6,688 Sq.Ft.
Sold
$1,980,000 Sold Price as of 06/25/2021 Refinance Your Mortgage
Map preview of 6831 11th Ave, Los Angeles, CA 90043

Property Overview: 6831 11th Ave Los Angeles, CA has 77 bedrooms, 55 bathrooms, 6,688 living square feet and 11,330 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: It is our pleasure to offer this prime 10 Unit income producing apartment building For Sale. Located in Hyde Park in close proximity to LA's newest Metro Line, unit mix consists of six 1 bedroom +1 bath and four 2 bedrooms +1 bath units. Unit 1 (2 bedroom + 1 bath) to be delivered vacant to Buyer. Roof and water heater were replaced in 2019 and units are separately metered for gas & electricity. 10 onsite parking spaces located in the rear (a mix of uncovered and covered/carport). This is NOT a soft-story building, so no City of LA Earthquake Retrofitting is required. Onsite Laundry area (no laundry equipment currently onsite) offers additional income opportunity. Take advantage of this great turnkey investment opportunity and upside in rents!

Listed by Erika Mlachak | BRE #01777303 | Verde Realty, Inc.
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
11,330
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20669730
City
Los Angeles
County
Los Angeles
Time on Site
1201 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: $1,648
  • Total Rent: $1,648
  • Pro Forma/Market Rent: $2,263
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,944
  • Total Rent: $1,944
  • Pro Forma/Market Rent: $2,263
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,272
  • Total Rent: $1,272
  • Pro Forma/Market Rent: $1,765
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,765
Unit Breakdown 5
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,258
  • Total Rent: $1,258
  • Pro Forma/Market Rent: $1,765
Unit Breakdown 6
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,625
  • Total Rent: $1,625
  • Pro Forma/Market Rent: $2,263
Unit Breakdown 7
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,090
  • Total Rent: $1,090
  • Pro Forma/Market Rent: $2,263
Unit Breakdown 8
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,393
  • Total Rent: $1,393
  • Pro Forma/Market Rent: $1,765
Unit Breakdown 9
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,246
  • Total Rent: $1,246
  • Pro Forma/Market Rent: $1,765
Unit Breakdown 10
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,393
  • Total Rent: $1,393
  • Pro Forma/Market Rent: $1,765
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.76
  • Gross Scheduled Income: --
  • Net Operating Income: $126,537
  • Gross Operating Income: $170,037
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6831 11th Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Card/Code Access, Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Detached Carport, Uncovered
Property Information
  • Total # of Units: 10
  • Parcel Number: 4006025024
Location / Neighborhood
Location Information
  • Directions: The subject property is located East of Crenshaw Boulevard, West of 8th Avenue, North of Florence Avenue, and South of Hyde Park Boulevard in the Hyde Park Community.
View more facts & features

Local Los Angeles Agent

Sale History for 6831 11th Ave

Last sold for $1,980,000 on June 25th, 2021

  • June, 2021

  • Jun 28, 2021

    Date

    Sold

    CRMLS: 20669730

    $1,980,000

    Price

  • Jun 24, 2021

    Date

    Pending

    CRMLS: 20669730

    $1,999,999

    Price

  • Feb 18, 2021

    Date

    Active Under Contract

    CRMLS: 20669730

    $1,999,999

    Price

  • Jan 12, 2021

    Date

    Active

    CRMLS: 20669730

    $1,999,999

    Price

  • Dec 17, 2020

    Date

    Pending

    CRMLS: 20669730

    $1,999,999

    Price

  • Dec 12, 2020

    Date

    Active

    CRMLS: 20669730

    $1,999,999

    Price

  • May, 2016

  • May 13, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,441,500

    Price

  • February, 2016

  • Feb 17, 2016

    Date

    Price Change

    CRMLS: 16981977

    $1,449,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer this ten (10) unit multifamily investment offering, located in the City of Los Angeles and subject to rent stabilization ordinance. The subject property was constructed of wood frame and stucco in 1955, with approximately 6,688 rentable square feet. The unit mix consists of six (6) 1+1 and four (4) 2+1 units. Recent upgrades to the property include five (5) remodeled interiors with laminate wood floors, a new copper main line, new foundation vents, new sump pump, and new paint and refinish to all wrought iron doors, windows, railings, steps, balconies, and carports. Building amenities include a new electric gate opener for secured entry and gated on-site parking, on-site laundry room with a new washer and dryer (owner owned), and the property is separately metered for gas & electricity.

  • January, 2016

  • Jan 20, 2016

    Date

    Price Change

    CRMLS: 16973237

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer this ten (10) unit multifamily investment offering, located in the City of Los Angeles and subject to rent stabilization ordinance. The subject property was constructed of wood frame and stucco in 1955, with approximately 6,688 rentable square feet. The unit mix consists of six (6) 1+1 and four (4) 2+1 units. Recent upgrades to the property include five (5) remodeled interiors with laminate wood floors, a new copper main line, new foundation vents, new sump pump, and new paint and refinish to all wrought iron doors, windows, railings, steps, balconies, and carports. Building amenities include a new electric gate opener for secured entry and gated on-site parking, on-site laundry room with a new washer and dryer (owner owned), and the property is separately metered for gas & electricity.

  • August, 2015

  • Aug 25, 2015

    Date

    Sold (Public Records)

    Public Records

    $502,000

    Price

  • April, 2015

  • Apr 9, 2015

    Date

    Price Change

    CRMLS: 15894875

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    This ten (10) unit multi-family investment opportunity located in the Los Angeles submarket of Hyde Park (subject to rent control ordinance). The unit mix consists of six (6) 1+1 & four (4) 2+1 units. There are currently four (4) vacant units (unit 1, 3, 5 & 8). The property was constructed in 1955 of wood-frame/stucco and consist of approximately 6,688 rentable square feet and is situated on an 11,329 square foot lot. Recently upgrades to the property include, copper plumbing, new electrical and seven (7) of the units have been rehabbed (wood floors, tile floors & interior paint) in the past two to three years.

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Tax History for 6831 11th Ave

Assessed Value (2020): $1,560,324
Year Land Value Improved Value Assessed Value
2020 $1,082,432 $477,892 $1,560,324

Home Value Compared to the Market

This property vs the competition

6831 11th Ave sold on June 25, 2021 for 68.07% 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 $299.04 per/sqft which puts the price per square foot 60.39% lower than the current median sale per square foot for the city of Los Angeles.

About 6831 11th Ave

Detailed summary of property

6831 11th Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 77 bedrooms, 55 bathrooms, roughly 6,688 living square feet, and sits on an approximately 11,330 square foot lot. 6831 11th Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,980,000. 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 68.07% higher than the current median priced home. Local homes that are currently for sale include 324 W 51st St, 2085 W 29th Pl and 602 W 40th Pl. While the average home in Los Angeles, CA is selling in 94 days, 6831 11th Ave has a days on market of 36 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 6831 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 6831 11th Ave

Public county record property details
Beds
14
Baths
10
Year built
1955
Sq. Ft.
6,688
Lot Size
11,329
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
599
APN
4006-025-024

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
$965,000
Median List Price/Sq.Ft.
$590
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
78
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%)

Thinking of Selling?

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(714) 706-1823

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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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