3171 W 11th Street, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties

3171 W 11th Street, Los Angeles, CA 90006

$1,690,000 Approx. USD 2 beds, 2 baths
2,088 sqft

Listing Agent


Dae Young Hur | LAnewHome@gmail.com
Lic#: 01489175
Broker: Courtesy of Keller Williams Larchmont

Agent Remarks

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 Details

Property type: (Multi-Family)
Status: Active
MLS# 24450909
List price is $1,690,000 Reduced by $110,000 on 1/21/2025
Price: $1,690,000
Beds: 2
Baths: 2
Built in 1921
2,088 sqft
1 story
0.17 acres
Lot size: 0.1680
County: Los Angeles
Zoning: LAR4
Parking description: Driveway Down Slope From Street
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: C17 - Mid-Wilshire

Last Updated: 3/3/2025

 Days On Market (DOM): 214

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.051005, -118.308379.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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