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1513 W 11TH Place

Los Angeles (City), CA 90015
  • $1,950,000
  • STATUS: Active
  • ON SITE: 51 Days
  • ID#: 22144015
UPDATED: 26 min ago
$1,950,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)


Description

I am pleased to offer for sale an eight unit apartment community located at 1513 West 11th Place. The subject property offers investors the opportunity to acquire a property with stable operating history that is located less than one mile from the Staples Center, LA Live and numerous retail opportunities. Consisting of one two-story building, the property is situated on a 9,186 square foot parcel. The property features eight large units with secured parking for every unit and is individually metered for all utilities. Due to its 1910 construction, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. 1513 West 11th Place is located just south of Olympic Boulevard and east of Union Avenue. An investor will be able to increase the lease rates when units become vacant by capitalizing on the westward expansion and revitalization of the Downtown sub-market.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T21:34:21.913. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127449976
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1513 W 11TH Place Los Angeles (City), CA 90015

  • Price: $1,950,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 26 min ago
  • ID#: 22144015
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1910
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
I am pleased to offer for sale an eight unit apartment community located at 1513 West 11th Place. The subject property offers investors the opportunity to acquire a property with stable operating history that is located less than one mile from the Staples Center, LA Live and numerous retail opportunities. Consisting of one two-story building, the property is situated on a 9,186 square foot parcel. The property features eight large units with secured parking for every unit and is individually metered for all utilities. Due to its 1910 construction, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. 1513 West 11th Place is located just south of Olympic Boulevard and east of Union Avenue. An investor will be able to increase the lease rates when units become vacant by capitalizing on the westward expansion and revitalization of the Downtown sub-market.
Exterior Features

Parking Features None Parking Total 8

Property Features

Association Fee 0 Gross Income 135300 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 78573 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T21:34:21.913. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)