CA > Los Angeles
Los Angeles, CA 90006,3171 W 11th ST
Los Angeles, CA 90006,3171 W 11th ST
Los Angeles, CA 90006,3171 W 11th ST
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,800,000
Est. payment /mo
2 Beds
2 Baths
2,088 SqFt
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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

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

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

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California Regional MLS (CRMLS)
Listed by Dae Young Hur • Keller Williams Larchmont
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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