3171 W 11th Street, Los Angeles, CA 90006

• 2 beds |
• 2 baths |
• 2,088 sqft

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.

Listing Status:

Active

Date Added:

October 9, 2024 at 05:00AM

Listing Office:

Keller Williams Larchmont : 323-762-2600

Listing Agent:

Dae Young Hur : 213-700-0096

MLS ID:

24450909

Interior

• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Exterior

• Parking: Driveway Down Slope From StreetParking spaces: 2

Construction

• General: 1

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR45080009019

Financial

• Source: CRMLS

This listing courtesy of Dae Young Hur, Keller Williams Larchmont