3171 W 11th St, Los Angeles, CA 90006 – 24-450909

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$1,800,000

Est. payment - /mo

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2 BD

2 BA

2,088 SqFt

Active

3171 W 11th St Los Angeles, CA 90006

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

10/17/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,088 sqft

Price per Sqft $862

MLS Listing ID 24-450909

Bedrooms 2

Year Built 1921

Lot Size 7,318 Sqft

Acres 0.168

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 Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Parking Features Above Street Level

Garage Spaces 2.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Larchmont