#24445165, A. Jessica Shin, Listing Office: GAIA
$10,000
closing credit¹
3171 W 11th St Los Angeles, CA 90006
Property details
About 3171 W 11th St
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.
Highlights
Summary
- MLS Number: 24450909
- MLS Name: CRMLS
- Office Name: Keller Williams Larchmont
- Office Phone: (323) 762-2600
- Listing Agent: Dae Young Hur
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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Last updated on: 2/12/2025, 6:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,690,000
3171 W 11th St
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Feb 11, 2021 | Home Sold | $1,200,000 |
Oct 06, 1989 | Home Sold | $190,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $1,273,448 | $15,751 |
2023 | $1,248,480 | $15,451 |
2022 | $1,224,000 | $14,741 |
2021 | $654,321 | $8,146 |
2020 | $647,613 | $7,910 |
2019 | $634,916 | $7,725 |
2018 | $622,468 | $7,561 |
2017 | $610,263 | $7,561 |
History based on county public records data.
Nearby schools
4
Los Angeles Elementary
Public District KG-5
0.2 mi
•1211 S Hobart Blvd
4
Vista Horizon Global Academy
Public Charter KG-5
0.3 mi
•980 S Hobart Blvd
4
Hobart Boulevard Elementary School
Public District KG-5
0.3 mi
•980 S Hobart Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,676. Residents of Los Angeles, CA typically earn less than $<35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
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Frequently asked questions
About 3171 W 11th St
This home is located at 3171 W 11th St in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 2,088 square foot home, which was built in 1921, sits on a 0.17 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 9, 2024 and is currently priced at $1,690,000.
In January 2025 more than 294 listings in Los Angeles, CA were sold above the asking price. During the same period more than 161 listings were sold at asking price, while more than 545 were sold below. Between December and January 2025, Los Angeles, CA real estate market has seen increase in the number of listings by 20.1%. Listings spent 45 days on the market in January 2025, and had a median list price of $1,035,435 during the same period.