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6409 11th Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 8 bed, 4 bath

6409 11th Avenue, Los Angeles, California 90043 home-pic-0
ACTIVE$996,777
6409 11th Avenue, Los Angeles, California 90043
8Beds
4Baths
2,698Sqft
7,572Lot
Year Built
1921
Close
-
List price
$997K
Original List price
$1.22M
Price/Sqft
$369
HOA
-
Days on market
-
Sold On
-
MLS number
CV23229646
Home ConditionFair
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $996.8K(88th), sqft - 2698(88th), beds - 8(88th), baths - 4(88th).

Income-producing property with higher income potential. Tax records show this as a triplex with a Front unit 2+1, Middle 2+1- & Rear Unit 3+2 Owners collect 3 rents that are at 87% of their potential!!!!! 2Units, Occupied. The rear tenant wants to remain after the sale of the Property & will be sold as-is, with NO Repairs by the Seller. Unit 1 = 2+1 = Section 8 = 1456.00 Unit 2 = 2+1 = Paid = 2550.00 Unit 3 = 3+2 = Paid = 2666.00 800 sq ft Storage Shed which can be converted to another 1bd? Buyer to make own measurements. Rear Parking Spaces The front 2+1 unit has its own private yard and separate entrance. Long pathway to rear units, Also note: the area near the carport is another 400-500sq ft that is not counted in agent footage of this property and possible space for ADU or Laundry facilities Walking distance to the newly developed Sports Stadium, Restaurants, Shopping Centers, Markets, and places of Worship. **Drive by ONLY ** DO NOT WALK ON PROPERTY OR DISTURB TENANTS** See Agent's remarks for more details! NOTE: The owners want an agent to disclose the Buyer to verify all MLS information including permits & uses parking, bed/bath counts, Square footage, schools, and their enrollment availability. The buyer is advised to investigate all aspects of the property & verify the accuracy of all information provided.

Nearby schools

2/10
Yes Academy
Public,•K-5•0.2mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.7mi
4/10
Centinela Elementary School
Public,•K-6•1.0mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.0mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.1mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.1mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.1mi
3/10
Windsor Hills Math Science
Public,•K-5•1.8mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•1.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•1.9mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.6mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•2.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.1mi
2/10
Inglewood High School
Public,•9-12•2.0mi
2/10
George Washington Preparatory High School
Public,•9-12•3.3mi
9/10
Middle College High School
Public,•9-12•6.0mi
Condition Rating
Fair
Built in 1921, this triplex is being sold 'as-is' with no repairs by the seller, strongly indicating potential significant deferred maintenance or issues with major systems (plumbing, electrical, roof, foundation) that are not visible. While the images show cosmetic updates in at least one unit, including a kitchen with modern white shaker cabinets, subway tile backsplash, stainless steel appliances, and a bathroom with updated tiling and vanity, these appear to be 'occasional updates' to make units rentable rather than a comprehensive renovation of the entire property's core infrastructure. The overall property, despite some updated interiors, likely requires substantial investment in major systems due to its age and the 'as-is' condition.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Strong Income Potential: The property is an income-producing triplex with current rents at 87% of their potential, offering immediate cash flow and significant upside for increased revenue.
Value-Add Development Opportunities: Includes an 800 sq ft storage shed convertible to an additional unit and 400-500 sq ft near the carport suitable for an ADU or laundry facilities, providing substantial expansion potential.
Prime Location & Amenities: Located within walking distance to a newly developed Sports Stadium, various restaurants, shopping centers, markets, and places of worship, enhancing tenant demand and property value.
Multi-Unit Diversification: As a triplex, it offers a diversified income stream, reducing risk compared to single-unit investments and providing multiple rental opportunities.
Tenant Appeal & Parking: The front unit features a private yard and separate entrance, while the property also includes valuable rear parking spaces, appealing to potential tenants.

Cons

As-Is Condition & No Seller Repairs: The property is sold 'as-is' with no repairs by the seller, implying potential for significant immediate and future repair costs, especially for a 1921 build.
Tenant Occupancy & Access Restrictions: Occupied units with a tenant wishing to remain, coupled with strict 'Drive by ONLY, DO NOT DISTURB TENANTS' instructions, complicate showings, inspections, and potential post-purchase tenant management or rent adjustments.
Extensive Buyer Due Diligence Required: The seller explicitly advises the buyer to verify all MLS information, including permits, uses, parking, bed/bath counts, and square footage, indicating potential discrepancies or unverified aspects that pose a risk to the buyer.

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