5758 11th Avenue

Los Angeles, CA 90043

$1,050,000
Price
5
Beds
2
Baths
2,378 Sq. Ft.
$442 / Sq. Ft.
2,378
Sq. Ft.
$442
per Sq. Ft.

Description

Great opportunity for a builder to develop, an investor to buy and hold or as an owner-occupied property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Unlock the potential of a prime development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 4 site, this property offers significant incentives for increased density and reduced parking requirements. The ample...Great opportunity for a builder to develop, an investor to buy and hold or as an owner-occupied property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Unlock the potential of a prime development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 4 site, this property offers significant incentives for increased density and reduced parking requirements. The ample lot size and substantial allowable floor area make it an ideal choice for developers seeking to create a high-density, multifamily residential project. Key features include a generous Buildable Area: The property spans 7,479 sq. ft. with a buildable square footage of 22,437 sq. ft., providing ample space for a substantial development. Optimized density and parking efficiency may allow developer to benefit from an 80% increase in allowable density and a 55% reduction in parking requirements, enhancing the project's feasibility and cost-effectiveness. Situated in a vibrant and accessible part of Los Angeles, this property is ideally positioned to attract residents . Its strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. All information given deemed reliable but not guaranteed. Buyer and buyers agent to perform their own investigation in order to confirm the accuracy of all information including but not limited to lot size, zoning, development opportunities and building restrictions. One of the two units may be delivered vacant at close of escrow. showings will be scheduled by appointment with accepted offer subject to interior inspection. call listing agent for information on current rent roll.
  1. Listed by Shamim Khorsand Mashhadi • DRE #02042990 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES

Property Details for 5758 11th Avenue

Zoning
LAR3
Parcel Number
5006010001
Total Units
2.0
Living Area
2378
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
0
Lot Size Area
7479
LISTING UPDATED: 09/10/2024 10:35 PM

Property Details for 5758 11th Avenue

StatusActive
MLS #24-415401
Days on Market123
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.17 AC / 7,479 SF
CountyLos Angeles County

Building Information for 5758 11th Avenue

Stories-Residences-Year Built1920Building Size-Lot Size0.17 AC / 7,479 SF

Property Information for 5758 11th Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 3/1
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: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1717
  • Lot Size Square Feet: 7479
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 10
  • Open Other Spaces Total: 10
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $207,039.00
  • Assessed Improvement Percent: 28.47
  • Assessed Land Value: $520,200.00
  • Assessed Land Percent: 71.53
  • Assessed Total Value: $727,239.00

Property History for 5758 11th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5758 11th Avenue

Taxable ValueLand$530,604Additions$211,179Total$741,783
Tax Record2024$9,414 ($784 / month)
Home Facts
Total Finished SqFt2,378 SqFtAbove Grade Finished SqFt2,378 SqFtLot Size7,483 SqFtStyleDuplexYear Built1920ZoningLAR3CountyLOS ANGELESAPN5006-010-001

Schools near 5758 11th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Crete Academy
Charter - K to 6
ICEF View Park Preparatory Accelerated Charter Middle School
Charter - 6 to 8
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public - 9 to 12
ICEF View Park Preparatory Accelerated Charter High School
Charter - 9 to 12
Rating
School
Distance
Crete Academy
CharterK to 6

ICEF View Park Preparatory Accelerated Charter Middle School
Charter6 to 8

Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public9 to 12

ICEF View Park Preparatory Accelerated Charter High School
Charter9 to 12

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 5758 11th Avenue, Los Angeles, CA 90043

5758 11th Avenue is a multi-family home for sale in Los Angeles, CA 90043. This property was listed for sale on July 14, 2024 by RE/MAX ESTATE PROPERTIES, it's currently listed at $1,050,000. It has been on the market for a total of 123 days and was last sold on June 23, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Crete Academy, ICEF View Park Preparatory Accelerated Charter Middle School and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 5758 11th Avenue is a 5-bed, 2-bath, 2,378 sqft multi-family home built in 1920.

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 RE/MAX ESTATE PROPERTIES, Shamim Khorsand Mashhadi, DRE #02042990

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.