3171 West 11th Street Los Angeles, CA ^$ 1,690,000

3171 West 11th Street

^$ 1,690,000

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3171 West 11th Street

Los Angeles, CA, 90006

^$ 1,690,000

Studio Baths0.0 Sq 2,088

Monthly Estimate*

^$ 10,543

3171 West 11th Street, Los Angeles, CA 90006 - Image 1

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,690,000. This 2,088 square foot home was built in 1921 on a lot size of 0.17.

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.

Multi-Family Active

Price

^$ 1,690,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.17

Year Built

1921

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024450909

Features

General

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Zoning LAR4

Year Built 1921

Levels One

County Los Angeles

Net Operating Income 44000.0

New Construction No

Property Type C

HOA No

Status Active

City Los Angeles

Senior Community Y/N No

MLS Area C17 - Mid-Wilshire

Lot Size Units Square Feet

Lot Size Square Feet 7318.0

Standard Status Active

Exterior

Parking Features Driveway Down Slope From Street

Lot Size Area 7318.0

Building Area Total 2088.0

Lot Size Acres 0.17

Land Lease Type Fee

Interior

Total Stories 1

Air Conditioning Y/N Yes

Heating Y/N Yes

Total Baths 0

* Excluded Features

List By

Dae Young Hur

Listing Agent

Keller Williams Larchmont

Broker

Affordability Calculator

$10,543

Per Month

Monthly Principal & Interest: $10,543
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,938,579

Percent of Sale Price 15%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/21/2025	$1,690,000	-6.11%	Price Down
10/9/2024	$1,800,000		Listed Price

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3171 West 11th Street, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $1,690,000 with 2,088 sqft and a lot size of 0.17. 3171 West 11th Street is a studio with 0.0 baths and was built in 1921. The property's zip code is 90006 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/3/2025. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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3171 West 11th Street

Multi-Family Home for sale in Los Angeles, CA

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