Los Angeles, CA 90006,3171 W 11th Street
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Los Angeles, CA 90006,3171 W 11th Street
Los Angeles, CA 90006,3171 W 11th Street
Los Angeles, CA 90006,3171 W 11th Street
Los Angeles, CA 90006,3171 W 11th Street
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3171 W 11th Street Los Angeles, CA 90006

2 Beds

2,088 SqFt


UPDATED:

10/17/2024 01:07 PM

Key Details

Property Type Other Types

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 2,088 sqft

Price per Sqft $862

MLS Listing ID CL24450909

Bedrooms 2

HOA Y/N No

Year Built 1921

Lot Size 7,318 Sqft

Acres 0.17

Property Description

Exceptional Koreatown Duplex with Development Potential! Located in the vibrant heart of Koreatown, this LAR4-zoned property sits on a 7,316 sqft lot, offering immense potential for both investors and developers. The existing duplex functions as two 2 bed / 1 bath units, each approximately 1,000 sqft with full kitchens, separate living rooms, and in-unit washer/dryer rooms. The property also includes 6 gated parking spaces for convenience and security. Currently, both units generate a combined rental income of $4,000 per month ($2,000 each).Exciting development plans are in place for an 8-unit, 3-story apartment complex. This project, ready to be issued, includes:Ground floor with 12 parking spaces. Second and third floors featuring 4 units each: 3 units (1 bed/1 bath) and 1 unit (2 bed/2 bath) per floorA rooftop outdoor space for added tenant appeal. This is an ideal opportunity to secure a prime property with significant rental income and development upside in one of LA's most desirable neighborhoods.

Location

State CA

County Los Angeles

Area Listing

Zoning LAR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Total Parking Spaces 2

Building

New Construction No

Others

Tax ID 5080009019


Bridge MLS
Listed by Dae Young Hur • Keller Williams Larchmont

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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3171 W 11th Street