If you need assistance, please call 626-482-0144

1615 W 11th St, Los Angeles, CA 90015
0 Beds
0 Baths
n/a sqft

Share

   
OR
Photos
Map
Street
Currently, a lucrative rental, this investment property is located in a commercial zone and provides numerous opportunities. The property is ideally located next to a newly built elementary school and near the Staples Center, LA Live and the Convention Center. Its owner can choose to keep the units as long-term rentals, convert it to Airbnb units, or even develop it for a business downstairs and offices upstairs. The owner makes an additional $1,500 a year with a billboard contract. Featuring beautiful hardwood flooring, the property is currently designed as 6 permitted long-term rental units. Downstairs, there is a 1600-square-foot unit with 2 bedrooms, 3 bathrooms, and a kitchen. Upstairs, the units provide a dorm-style living, with 5 separate permitted units sharing 2 large bathrooms. Two units enjoy airy doors leading to balconies.
  • Price:
  • $850,000
  • Acreage:
  • 0.09
  • Year Built:
  • 1905
  • Listing ID #:
  • CV18240375
  • Street Address:
  • 1615 W 11th St
  • City:
  • Los Angeles
  • State:
  • California
  • Postal Code:
  • 90015
  • County:
  • Los Angeles
  • Community:
  • Not Defined
  • Listing Status:
  • Active
  • Number Of Floors In Unit:
  • Two
  • Number Of Units:
  • 6
  • Total # Of Buildings:
  • 1
  • Year Built:
  • 1905
  • Year Built Source:
  • Assessor
  • Annual Electric Expenses:
  • 350.00
  • Annual Insurance Expenses:
  • 1000.00
  • Annual Trash Expenses:
  • 50.00
  • Annual Water/Sewer Expenses:
  • 100.00
  • Expenses:
  • 4635.00
  • Gross Income:
  • 50400.00
  • Net Operating Income:
  • 43805.00
  • Operating Expense:
  • 6595.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lac1
  • Lot Features:
  • 0-1 Unit/Acre
  • Lot Square Footage:
  • 4016.00
  • Community Features:
  • Curbs, Sidewalks
  • Days On Market:
  • 248
  • Price Per Square Foot:
  • 263.40
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Joel Balswick of Exp Realty Of California Inc
  • CRMLS

Similar Properties

Image Unavailable
ACTIVE
$930,000
9503 National, Los Angeles, CA 90034
0 Beds | 0 Baths
CRMLS Listing Provided By Karen Thelin of Berkshire Hathaway Homeservice
Image Unavailable
ACTIVE
$930,000
623 W 79th St, Los Angeles, CA 90044
0 Beds | 0 Baths
CRMLS Listing Provided By Michael Wyrzykowski of First Vision Financial Inc.
Image Unavailable
ACTIVE
$929,000
822 W 60th St, Los Angeles, CA 90044
0 Beds | 0 Baths
CRMLS Listing Provided By Michael R. Fukushima of Keller Williams Downtown La