$ 1,800,000
3171 W 11th ST Los Angeles, CA 90006
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$ 1,800,000
Est. payment /mo
New
3171 W 11th ST Los Angeles, CA 90006
2 Beds
2 Baths
2,088 SqFt
UPDATED:
10/17/2024 12:09 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,088 sqft
Price per Sqft $862
MLS Listing ID 24450909
Bedrooms 2
HOA Y/N No
Year Built 1921
Lot Size 7,318 Sqft
Acres 0.168
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 C17 - Mid-Wilshire
Zoning LAR4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Garage Driveway Down Slope From Street
Parking Type Driveway Down Slope From Street
Total Parking Spaces 2
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5080009019
Special Listing Condition Standard
Listed by Dae Young Hur • Keller Williams Larchmont