3171 West 11th Street
$1,800,000
2
2
2,088
2,088
$862
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.
- Listed by Dae Young Hur • DRE #01489175 • Brokerage DRE #01364089 • Keller Williams Larchmont
Property Details for 3171 West 11th Street
Zoning
LAR4
Parcel Number5080009019
Total Units2.0
Living Area2088
Source Living AreaVendor Enhanced
AreaMid-Wilshire (C17)
Vacancy Rate0
Lot Size Area7318
LISTING UPDATED: 10/17/2024 12:01 AM
Property Details for 3171 West 11th Street
Status | Active |
---|---|
MLS # | 24-450909 |
Days on Market | 74 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1921 |
Lot Size | 0.17 AC / 7,318 SF |
County | Los 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
Property History for 3171 West 11th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 - | K to 5 |
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 | ||
Vista Horizon Global Academy CharterK to 5 |
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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