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In-PersonVirtual Tour
$ 1,500,000
Est. payment | /mo
4,164 Sqft Lot
$ 1,500,000
Est. payment | /mo
4,164 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26162859
HOA Y/N No
Year Built 1900
Lot Size 4,164 Sqft
Property Sub-Type Apartment
Property Description
The Victorian at 11th Place - a beautifully renovated 1900 Historic Victorian in Pico-Union / Central Los Angeles, offered at $1,500,000. Six legal units operated as 11 income keys (four studios, by-the-bedroom rooms, and an income-producing ~1,000 SF live/work loft), fully renovated with new kitchens, baths, flooring and mini-split A/C. 100% leased at a 6.10% in-place cap rising to a 6.75% pro forma, with on-site laundry and five on-site parking spaces. Additional upside through a rear-yard detached ADU (buyer to verify feasibility) and mark-to-market of the by-the-bedroom rooms. Steps to DTLA, USC and Metro. Buyer to verify all figures, unit legality, square footage and development potential.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs
Private Pool No
Building
Lot Description Near Public Transit
Story 4
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5136021016
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Logan Altman Altman Apartments LLC 310-903-0222, DRE #01965826
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