1820 W 11th St, Los Angeles, CA 90006

1820 W 11th St, Los Angeles, CA 90006

Los Angeles, CA
$1,900,000

Property Description

1820 W 11th St, Los Angeles is a high cash-flowing, renovated 9 unit building located near downtown. The property is currently operating at a 7.29% CAP Rate and 9.50 GRM. This is the ideal opportunity for any buyer looking for a low-maintenance, positive leverage asset with high in place cash flow. The subject property is comprised of (5) 1-Bed/1- Bath and (4) Studio/1-Bath units. 8/9 units have been extensively renovated, including floors, cabinets, bathrooms and all major systems. 1820 W 11th St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops and restaurants nearby, making it a prime location for renters.

Property Features

  • Sale Price: $1,900,000
  • Year Built: 1906
  • Units: 9
  • Current GRM: 9.50
  • Current Cap Rate: 7.29%

Lyon Stahl Investment Real Estate

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