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    1615 W 11th Street

    Los Angeles (City), CA 90015
    • $850,000
    • STATUS: Active
    • ON SITE: 185 days
    • ID#: SB20192659
    UPDATED: 83 min ago
    $850,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,016
      SQFT
    • $212
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    Location! Location! Tons of potential & upside with this Pico Union Residential Income property. Downstair is a 2 bedroom & 2 full bathrooms with tubs. 2 parking spots, small storage shed in the common area. Upstairs is divided into 5 SRO’s that share 1 restroom. Property is fully occupied but we can get a few vacant with the right offer. There is also a income generating billboard on the property currently has a lease for $125.00 a month under current contract ends in 2 years, in which time the value could be renegotiated. Property profile shows building characteristics as a duplex. Buyer & Buyer's agent to do their own due diligence.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/111027757
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    1615 W 11th Street Los Angeles (City), CA 90015

    • Price: $850,000
    • Status: Active
    • Updated: 83 min ago
    • ID#: SB20192659
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    4,016
    SQFT
    $212
    $/SQFT
    1905
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Location! Location! Tons of potential & upside with this Pico Union Residential Income property. Downstair is a 2 bedroom & 2 full bathrooms with tubs. 2 parking spots, small storage shed in the common area. Upstairs is divided into 5 SRO’s that share 1 restroom. Property is fully occupied but we can get a few vacant with the right offer. There is also a income generating billboard on the property currently has a lease for $125.00 a month under current contract ends in 2 years, in which time the value could be renegotiated. Property profile shows building characteristics as a duplex. Buyer & Buyer's agent to do their own due diligence.
    Exterior Features

    Lot Features Front Yard Number Of Separate Electric Meters 2 Open Parking Spaces 2 Parking Features Assigned Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Floor Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Community Features Street Lights Current Financing Conventional Electric Expense 500 Fuel Expense 200 Garage YN No Gross Income 50448 Gross Scheduled Income 4204 Insurance Expense 800 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 4004 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 200 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 4204 Trash Expense 500 Utilities Electricity ConnectedSewer Available Water Sewer Expense 650 Water Source Public Zoning Lac1

    Listing provided courtesy of Alex Sanchez of Realty One Group United


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Temecula CA, 92592