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SOLD 6/25/2021

6831 11th Avenue, Los Angeles, CA 90043$1,980,000

14
beds
10
baths
6688
ft2
· 11330
ft2 lot
$299 / ft2

Listing provided courtesy of Listing Broker: Erika Mlachak, Verde Realty, Inc.
Source CRMLS;
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It is our pleasure to offer this prime 10 Unit income producing apartment building For Sale. Located in Hyde Park in close proximity to LA's newest Metro Line, unit mix consists of six 1 bedroom +1 bath and four 2 bedrooms +1 bath units. Unit 1 (2 bedroom + 1 bath) to be delivered vacant to Buyer. Roof and water heater were replaced in 2019 and units are separately metered for gas & electricity. 10 onsite parking spaces located in the rear (a mix of uncovered and covered/carport). This is NOT a soft-story building, so no City of LA Earthquake Retrofitting is required. Onsite Laundry area (no laundry equipment currently onsite) offers additional income opportunity. Take advantage of this great turnkey investment opportunity and upside in rents!

HOA

$—/month

On market

2 months

Year built

1955

Property type

Multi-Family

Parking

5

MLS

20669730

Price / Sq.Ft.

$299 / ft2

Status

Closed

Home details for 6831 11th Avenue

Interior Features & Layout
Appliances
•   
Security Features: Carbon Monoxide Detector(s), Card/Code Access, Gated Community
Interior Size
•   
Building Area Total: 6688.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Detached Carport, Uncovered
•   
Carport Spaces: 5.00
Building Info
•   
Zoning: LAR3
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 10
Lot Info
•   
Lot Size Acres: 0.2600
•   
Lot Size Area: 11330.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 170037.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 43500.00
•   
Gross Multiplier: 11.76
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 170037.00
•   
Tax Year: 2020
•   
Taxes: 20090.0
Lease Info
•   
Net Operating Income: 126537.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 10 Information
•   
Unit 10 Bathrooms: 1
•   
Unit 10 Actual Rent: 1944.00
•   
Unit 10 Total Units: 10
•   
Unit 10 Total Rent: 1944.00
•   
Unit 10 Bedrooms: 2
•   
Unit 10 Furnished Units: Unfurnished
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1300.00
•   
Unit 3 Total Units: 3
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1300.00
Unit 7 Information
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 1393.00
•   
Unit 7 Total Units: 7
•   
Unit 7 Total Rent: 1393.00
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 1272.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 2
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1272.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Actual Rent: 1246.00
•   
Unit 8 Total Units: 8
•   
Unit 8 Total Rent: 1246.00
•   
Unit 8 Bedrooms: 1
•   
Unit 8 Furnished Units: Unfurnished
Unit 9 Information
•   
Unit 9 Bathrooms: 1
•   
Unit 9 Actual Rent: 1393.00
•   
Unit 9 Total Units: 9
•   
Unit 9 Total Rent: 1393.00
•   
Unit 9 Bedrooms: 1
•   
Unit 9 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1648.00
•   
Unit 1 Total Rent: 1648.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1258.00
•   
Unit 4 Total Units: 4
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1258.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 1625.00
•   
Unit 5 Total Units: 5
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1625.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 13
Unit 6 Information
•   
Unit 6 Actual Rent: 1090.00
•   
Unit 6 Total Units: 6
•   
Unit 6 Total Rent: 1090.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 2
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
School Info
•   
Directions: The subject property is located East of Crenshaw Boulevard, West of 8th Avenue, North of Florence Avenue, and South of Hyde Park Boulevard in the Hyde Park Community.
Other
Calculation
•   
Dom: 36
•   
Cdom: 36

Neighborhood snapshot

72
Properties for sale
13
Median days on market
$558.59
Median sold price/sqft
101.90%
Sold/List %
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Property History for 6831 11th Avenue

06/25/2021
06/25/2021
Public Record
sold
Public Record
$1,980,000
--1.00%
06/25/2021
06/25/2021
CRMLS #20669730
sold
CRMLS #20669730
$1,999,999
02/14/2021
02/14/2021
CRMLS #20669730
pending
CRMLS #20669730
$1,999,999
01/11/2021
01/11/2021
CRMLS #20669730
active
CRMLS #20669730
$1,999,999
12/13/2020
12/13/2020
CRMLS #20669730
pending
CRMLS #20669730
$1,999,999
See more property history

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