3013 West 11th Street

Los Angeles, CA 90006

$1,695,000
Price
9
Beds
9
Baths
5,344 Sq. Ft.
$317 / Sq. Ft.
5,344
Sq. Ft.
$317
per Sq. Ft.

Description

See OM in Docs Section of this listing. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 3013 W 11th St., a nine (9) unit apartment property consisting of three separate buildings built in 1924. The property is located on the corner of 11th St and Harvard Blvd, one block south of Olympic Blvd., in a prime part of Koreatown. The unit mix consists of all 1bed+1bath units. The property contains two 4-plex buildings and a third building...See OM in Docs Section of this listing. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 3013 W 11th St., a nine (9) unit apartment property consisting of three separate buildings built in 1924. The property is located on the corner of 11th St and Harvard Blvd, one block south of Olympic Blvd., in a prime part of Koreatown. The unit mix consists of all 1bed+1bath units. The property contains two 4-plex buildings and a third building with one unit over three parking garages totaling 5,344 building square feet on a 5,907 square foot corner lot. UNIT DETAILS: All the units have well designed floor plans that provide an investor with the opportunity to complete their own renovation plan and significantly increase rents. Unit features include large bedrooms, large full bathrooms, large kitchens, separate spacious living room areas and ample closet space. The largest unit is located above the three garages, making it a unique and private setting for a tenant and the two 4-plex buildings also make the property feel more private and unique than a typical single - structure apartment building. Due to ample available space, investors may want to explore the possibility of adding washer/dryers in each unit. All units are separately metered for electricity and gas and have their own individual water heaters, the tenants pay for their own trash and the landlord pays for water. Parking is provided on site seven (7) spaces, including 3 garage spaces and 4 surface spaces. Adu opportunities (buyer to verify) The lef t and middle enclosed garage spaces in the middle building are not being used for parking. A new owner could explore the possibility of an ADU conversion There is an approximately 350 square foot space in the back of the middle building behind the garages, that is currently being used as storage by the owner. This area can be easily accessed directly from Harvard Blvd. A new owner could also explore the possibility of an ADU conversion here as well. There is a large surface parking area and open yard space that are together rectangular in shape and totaling approximately just under 800 square feet of land at the east end of the property on 11th St. A new owner could explore the possibility of freestanding ADUs here.
  1. Listed by Josh Kaplan • DRE #01934177 • Brokerage DRE #01342342 • Equity Union
  2. Listed by Troy Lucero Jr. • DRE #02015705 • Brokerage DRE #01342342 • Equity Union

Property Details for 3013 West 11th Street

Zoning
LAR4
Parcel Number
5080025013
Total Units
9.0
Living Area
5344
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
5907
LISTING UPDATED: 11/12/2024 10:19 AM

Property Details for 3013 West 11th Street

StatusActive
MLS #24-462613
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.14 AC / 5,907 SF
CountyLos Angeles County

Building Information for 3013 West 11th Street

Stories2Residences-Year Built1924Building Size-Lot Size0.14 AC / 5,907 SF

Property Information for 3013 West 11th Street

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $127,088
  • Net Operating Income: $75,620.00
  • Gross Income: $131,019
  • Cap Rate: 4.46%
  • Gross Rent Multiplier: $12.90
  • Total Annual Expense: 51468
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1357
  • Lot Size Square Feet: 5907
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 7
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,213.00
  • Unit Actual Rent: $10,918.00
  • Unit Projected Rent: $16,650.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $58,883.00
  • Assessed Improvement Percent: 62.19
  • Assessed Land Value: $35,793.00
  • Assessed Land Percent: 37.81
  • Assessed Total Value: $94,676.00

Property History for 3013 West 11th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3013 West 11th Street

Taxable ValueLand$36,508Additions$60,060Total$96,568
Tax Record2024$2,258 ($188 / month)
Home Facts
Total Finished SqFt5,344 SqFtAbove Grade Finished SqFt5,344 SqFtLot Size5,907 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLAR4CountyLOS ANGELESAPN5080-025-013

Schools near 3013 West 11th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Los Angeles Elementary School
Public - K to 5
Berendo Middle School
Public - 6 to 8
West Adams Preparatory High School
Public - 9 to 12
Vista Horizon Global Academy
Charter - K to 5
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Vista Horizon Global Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3013 West 11th Street, Los Angeles, CA 90006

3013 West 11th Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on November 12, 2024 by Equity Union, it's currently listed at $1,695,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Berendo Middle School and West Adams Preparatory High School. 3013 West 11th Street is a 9-bed, 9-bath, 5,344 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Josh Kaplan, DRE #01934177; Equity Union, Troy Lucero Jr., DRE #02015705

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.