Property listed by Berkshire Hathaway HomeServices California Properties, Phil Missig 310-777-7800
$899,000
Welcome to 2945 W 11th Street, a classic 1920s fourplex offering vintage charm and modern updates in the heart of Koreatown, one of LA's most vibrant and high-demand rental markets. This building features 4 well designed 1 bedroom, 1 bathroom units. All units are separately metered for gas, electricity, and… Read More water, with individual water heaters and in-unit washers and dryers (a rare convenience that tenants love). The property has a newer roof (installed 2022), and one unit has been tastefully renovated with new flooring, cabinetry, retiled bathroom, and updated fixtures. Projected rents of $1,800 per unit provide nearly 70% upside potential with 3 of the units, creating a strong value-add opportunity for savvy investors. Located near trendy dining, shopping, and entertainment in Hollywood & Downtown LA. This property is an opportunity to start investing in real estate or add to your current real estate portfolio. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
4
Square Ft.
2,132
Lot Size
0.05 Acres
Year Built
1923
MLS Number
25625413
Additional Details
Appliances & Equipment
Range, Dryer, Washer
Building
Built in 1923, Living area: 2132.0, 1 building, 2 stories, Levels: Two, Construction Materials: Stucco
Cooling
None
Disclosures
RentControl
Heating
WallFurnace
Income
Gross Income: $4,790, Net Operating Income: $4,790
Lot
0.0465 acres
Parking
None
Pool
None
Roof
Composition
Taxes
Parcel Number: 5080033014, Zoning: LAR4
Tenant Pays
Electricity, Gas, TrashCollection, Water
Utilities
4 separate electric meters, 4 separate gas meters, 4 separate water meters
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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