3171 W 11Th Street, Los Angeles, CA 90006

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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.


Interior Features

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

Listing Information

Address 3171 W 11Th Street
City Los Angeles
State CA
Zip 90006
County Los Angeles
Listing Agent Dae Young Hur DRE #01489175
Courtesy Of Keller Williams Larchmont
List Price $1,800,000
Status Active
Type Residential Income
Structure Size 2,088
Lot Size 7,318
Year Built 1921

Listing information courtesy of: Dae Young Hur, Keller Williams Larchmont. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 17th, 2024 at 12:09 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.