3171 West 11th Street

Los Angeles, CA 90006

$1,800,000
Price
2
Beds
2
Baths
2,088 Sq. Ft.
$862 / Sq. Ft.
2,088
Sq. Ft.
$862
per Sq. Ft.

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...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.
  1. Listed by Dae Young Hur • DRE #01489175 • Brokerage DRE #01364089 • Keller Williams Larchmont

Property Details for 3171 West 11th Street

Zoning
LAR4
Parcel Number
5080009019
Total Units
2.0
Living Area
2088
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
7318
LISTING UPDATED: 10/17/2024 12:01 AM

Property Details for 3171 West 11th Street

StatusActive
MLS #24-450909
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.17 AC / 7,318 SF
CountyLos Angeles County

Building Information for 3171 West 11th Street

Stories1Residences-Year Built1921Building Size-Lot Size0.17 AC / 7,318 SF

Property Information for 3171 West 11th Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Spanish
  • Water Heaters: Yes
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: $48,000
  • Net Operating Income: $44,000.00
  • Gross Income: $48,000
  • Gross Rent Multiplier: $37.50
  • Total Annual Expense: 4000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.168
  • Lot Size Square Feet: 7318
Parking Details
Parking Details
  • Parking Garage: Above Street Level
  • Total Parking: 2
  • Parking Features: Driveway Down Slope From Street
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $124,848.00
  • Assessed Improvement Percent: 10.0
  • Assessed Land Value: $1,123,632.00
  • Assessed Land Percent: 90
  • Assessed Total Value: $1,248,480.00

Property History for 3171 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 3171 West 11th Street

Taxable ValueLand$1,146,104Additions$127,344Total$1,273,448
Tax Record2024$15,751 ($1,313 / month)
Home Facts
Total Finished SqFt2,088 SqFtAbove Grade Finished SqFt2,088 SqFtLot Size7,316 SqFtStyleDuplexYear Built1921ZoningLAR4CountyLOS ANGELESAPN5080-009-019

Schools near 3171 West 11th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Pio Pico Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Magnolia Science Academy 6 School
Charter6 to 8

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.

Similar Homes

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3171 West 11th Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on October 9, 2024 by Keller Williams Larchmont, it's currently listed at $1,800,000. It has been on the market for a total of 9 days and was last sold on February 11, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Pio Pico Middle School and West Adams Preparatory High School. 3171 West 11th Street is a 2-bed, 2-bath, 2,088 sqft multi-family home built in 1921.

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 Keller Williams Larchmont, Dae Young Hur, DRE #01489175

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.