1840 11th Place, Los Angeles, California 90006
- Residential Income Property Type
- 118 Days Time on market
- 2022 Year Built
Built in 1900 but completely gutted with a new CofO in
January 2022, 1840 W 11th Pl, Los Angeles is a high
cash-flowing, renovated 6 unit building located near
Downtown. The property is currently operating at 7%
CAP Rate and 9 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 (1) 4Bed/4Bath,
(1) 3Bed/3Bath and (4) Studio/1Bath units. All units
have been extensively renovated, including floors,
cabinets, bathrooms and all major systems.
1840 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.