1840 W 11th Place

About This Property

The Victorian at 11th Place - a beautifully renovated 1900 Historic Victorian in Pico-Union / Central Los Angeles, offered at $1,450,000. 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 7.38% in-place cap rate on the buyer's reassessed tax basis, 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.

Unit Mix

• 1 unit · 0bd / 1ba

Neighborhood

This property is located in Los Angeles. Want to learn more about the area?

Listing courtesy of Altman Apartments LLC

Listing data from CRMLS. Deemed reliable but not guaranteed.