2945 W 11Th Street, Los Angeles, CA 90006 (MLS # 21725564)

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PRICE $1,099,000
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 1,743 sqft

Welcome to an investment opportunity waiting to be seized! Located within one of Los Angeles's coveted Opportunity Zones, this property is well positioned for upward redevelopment with its landowner winning big. Centrally and conveniently located, this 4-plex has immediate access to the 10 Freeway and the METRO Purple Line while also being just a stone's throw to Koreatown's many cultural delights. The current owners have left no stone unturned in upgrading and maintaining this steady-income property. Upgrades include kitchens, bathrooms, new washer/dryers, and heating/cooling. While presently enjoying 100% occupancy and a 3.48% CAP Rate, pro forma leases potentially bring the CAP Rate to a skyrocketing 5%, even with a city reassessment. Each unit is independently metered and tenants currently pay for all expenses including water, gas, electricity, trash, and cable service. Truly an investors dream, don't wait! *Buyer is advised to independently verify all CAP Rates, investment calculations, and other associated information.



ADDITIONAL DETAILS
APPLIANCES Disposal, Gas Cooktop, Gas Oven, Microwave, Refrigerator
AREA Mid-Wilshire
GARAGE On Street
HEAT Wall Furnace
LOT 1742 sq ft
PARKING On Street
POOL DESCRIPTION None
SEWER Other
STORIES 2
STYLE Spanish
ZONING LAR4



 
CONTACT US ABOUT 2945 W 11TH STREET
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Listing provided by : Reymond Weddle CalDRE: 02094160, Compass

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 6/15/21 3:40 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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