Est. cap rate

3.4%

Assumed rent, all units

$7,960/mo

Units

4

Price per unit

$350,000

Est. annual NOI

$47,760

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

6,630 sqft

Lot size

6,127 sqft

Year built

1905

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

7

MLS #

248640016

About this property

**POTENTIAL PROPERTY TAX SAVINGS — MILLS ACT PROGRAM** ZONED HPOZ This historic property may qualify for the City of Los Angeles Mills Act Historical Property Contract Program, which can provide eligible property owners with potential annual property tax savings of approximately 40% to 60%. The program is designed to encourage the preservation, rehabilitation, and maintenance of historic properties. Eligibility and actual tax savings are subject to City approval, property qualifications, and applicable program requirements. Charming 4-unit Craftsman-style income property offering timeless architectural character and exceptional investment potential. The property features an attractive unit mix with two 2-bedroom, 1-bathroom units and one 3-bedroom, 3-bathroom unit, and one 4-bedroom, 3-bathroom unit. These units are all spacious and include an additional den, often used by tenants as an additional bedroom, providing added flexibility and enhanced rental value. True to its architectural design, the building showcases classic details such as a wood exterior and graceful architectural accents. The units offer functional layouts filled with natural light, creating comfortable and desirable living spaces. Each unit comes with its own washer and dryer hookups. As a four-unit residential property, this is an ideal opportunity for an owner-user to occupy one unit while generating income from the remaining units, potentially covering most, if not all, of the holding costs. Well-maintained, this property presents a rare blend of character, lifestyle, long-term income, and appreciation. As far as location, this property sits at the ultimate crossroads of Los Angeles, offering a rare "5-minute lifestyle" where the best of Koreatown, Larchmont Village, and Downtown LA are all within a 7 min drive. Whether you're looking for world-class dining in Koreatown, local farmers' markets in Silver Lake, or a night out at iconic music and sports venues in Downtown LA, this central hub places the city's most vibrant cultural and culinary scenes right at your doorstep, making it highly desirable and attractive for tenants. Welcome to these charming Craftsman-style units offering over 6,600 square feet of total living space. The property consists of two separate buildings, and all four units are equipped with 4-separate water meters; tenants pay their own utilities, including water. Submit, Submit, Submit.

Location

1867 W 11th

Los Angeles, Los Angeles, CA, 90006