3171 W 11Th Street

Los Angeles, CA 90006

$1,800,000

List Price

2

bed Beds

2

shower Baths

2,088 sqft

straighten / sqft

1921

calendar_month Built

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.

Listing Information

List Price $1,800,000
Status Active
MLS 24450909
Type Residential Income
Year Built 1921
Lot Size 7,318
Structure Size 2,088
Courtesy Of Keller Williams Larchmont
Listing Agent Dae Young Hur DRE#01489175

Interior Features

Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 2
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Dae Young Hur, Keller Williams Larchmont . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 9th, 2024 at 8:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.