2 months on rocket

3171 W 11th St, Los Angeles, CA, 90006

$1,800,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Baths
2,088 SqFt
$862/SqFt
House

Location

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3171 W 11th St, Los Angeles$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway Down Slope From Street
Year Built1921
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #24450909
Lot Size0.17 Acres
StatusActive

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.

Property Details

Property Features

Property Information:

  • Year Built: 1921
  • Stories: 1
  • Living Area: 2,088 SqFt

Listing Office:

  • Office Name: Keller Williams Larchmont
  • Office Phone: (323) 762-2600
  • Listing Agent: Dae Young Hur

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Driveway Down Slope From Street

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Head North on S. Western Ave then East on to W. 11th Street then on immediate left side

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000
  • Price Per SqFt: $862/SqFt

Tax Information:

  • Annual Amount: $8,147
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

3171 W 11th St vs Los Angeles

69 DAYS ON ROCKET

+31 Days

$1,800,000

+$778.4K More

$862/SqFt

+$222 More

KEY TAKEAWAY

This property is $778.4K more than the Median Sold Price and $222/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24450909

Listing Office:

  • Office Name: Keller Williams Larchmont
  • Office Phone: (323) 762-2600
  • Listing Agent: Dae Young Hur

IDX 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.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 06, 1989Home Sold
$190,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,147$654,321
2020$7,910$647,613
2019$7,725$634,916
2018$7,562$622,468
2017$7,562$610,263

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4333197
4
/10

  • Los Angeles Elementary

  • 1211 S Hobart Blvd

  • 0.23 miles

  • Public District Grades KG-5

school-card-donut-4333198
4
/10

  • Hobart Boulevard Elementary School

  • 980 S Hobart Blvd

  • 0.25 miles

  • Public District Grades KG-5

school-card-donut-4333199
5
/10

  • Wilton Place Elementary

  • 745 S Wilton Pl

  • 0.64 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,676. Typical income of Los Angeles, CA residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3171 W 11th St

What is the listing price of this property?

The listing price of 3171 W 11th St property is $1,800,000.

What type of property is this?

The property 3171 W 11th St is a house located in Los Angeles, California, 90006.

Is this property for sale now?

Active Listing: 3171 W 11th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,147 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 6, 1989 for $190,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3171 W 11th St has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 3171 W 11th St is 2,088 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3171 W 11th St is 1921.

Rocket Homes›California›Los Angeles County›Los Angeles›90006›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 09, 2024 and is currently priced at $1,800,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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