1840 11th Pl, Los Angeles, CA 90006

1840 11th Pl, Los Angeles, CA 90006

Los Angeles, CA

Property Description

1840 W 11th Pl, Los Angeles is a high cash-flowing, renovated 6 unit PATH (Government Housing) building located near Downtown. The property is currently operating at 6.94% CAP Rate and 9.47 GRM. This is the ideal opportunity for any exchange buyer looking for a low maintenance, high-cash flow asset where they can park their money. The subject property is comprised of Studio/1-Bath units. All units have been extensively renovated, including floors, cabinets, bathrooms and all major systems. 1820 W 11th Pl 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: $1,800,000
  • Area Size: 3,744 Sq. Ft.
  • Land Area: 4,166 Sq. Ft.
  • Year Built: 1900
  • Listing Date: 1/17/2024
  • Units: 6
  • Current GRM: 9.47
  • Current Cap Rate: 6.94%
  • Price Per Unit: $300,000
  • Market GRM: 9.09
  • Market Cap Rate: 7.37%
  • Current NOI: $124,967