3171 W 11th St Los Angeles, CA 90006
Harvard Heights NeighborhoodEstimated payment $10,566/month
Total Views
1,668
2
Beds
2
Baths
2,088
Sq Ft
$809
Price per Sq Ft
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $15,751
Year Built
- Built in 1921
Lot Details
- 7,318 Sq Ft Lot
Interior Spaces
- 2,088 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 2 Parking Spaces
- On-Street Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 5080-009-019
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,751 | $1,298,916 | $1,169,026 | $129,890 |
| 2024 | $15,751 | $1,273,448 | $1,146,104 | $127,344 |
| 2023 | $15,452 | $1,248,480 | $1,123,632 | $124,848 |
| 2022 | $14,742 | $1,224,000 | $1,101,600 | $122,400 |
| 2021 | $8,147 | $654,321 | $535,358 | $118,963 |
| 2020 | $8,226 | $647,613 | $529,869 | $117,744 |
| 2019 | $7,910 | $634,916 | $519,480 | $115,436 |
| 2018 | $7,726 | $622,468 | $509,295 | $113,173 |
| 2016 | $7,381 | $598,298 | $489,519 | $108,779 |
| 2015 | $7,274 | $589,312 | $482,166 | $107,146 |
| 2014 | $7,310 | $577,770 | $472,722 | $105,048 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2025 03/03/25 | For Sale | $1,690,000 | 0.0% | $809 / Sq Ft |
| 02/28/2025 02/28/25 | Off Market | $1,690,000 | -- | -- |
| 01/21/2025 01/21/25 | Price Changed | $1,690,000 | -6.1% | $809 / Sq Ft |
| 10/09/2024 10/09/24 | For Sale | $1,800,000 | +50.0% | $862 / Sq Ft |
| 02/11/2021 02/11/21 | Sold | $1,200,000 | -11.0% | $587 / Sq Ft |
| 01/22/2021 01/22/21 | For Sale | $1,349,000 | 0.0% | $660 / Sq Ft |
| 12/14/2020 12/14/20 | Pending | -- | -- | -- |
| 09/01/2020 09/01/20 | Price Changed | $1,349,000 | -10.0% | $660 / Sq Ft |
| 08/08/2020 08/08/20 | For Sale | $1,499,000 | -- | $733 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,200,000 | Orange Coast Ttl Co Of Socal | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Stewart Title Of Ca Inc | |
| Interfamily Deed Transfer | -- | Stewart Title Of Ca Inc | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | First Southwestern Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $900,000 | New Conventional | |
| Previous Owner | $130,000 | Credit Line Revolving | |
| Previous Owner | $427,500 | Unknown | |
| Previous Owner | $333,000 | Purchase Money Mortgage | |
| Previous Owner | $333,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 24-450909
APN: 5080-009-019
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