Los Angeles, CA 90006 2970 W 11th Street

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Presented By: MiJeong Kim with Mi Jeong Kim;
  • MLS# 23317635
  • 10/04/2023
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  • BedBeds • 7
  • BathBaths • 6
  • FootageSQFT • 4,103

Home Details

Proudly presenting 2970 W 11th St, a rare investment and/or owner-user opportunity for sale in prime Los Angeles. Most excellently nestled in Koreatown and greatly situated on a hillside corner lot with beautiful city views, this wonderful property boasts ideal location as the midpoint between Koreatown, Downtown and USC. Subject property consists of four (4) units in two (2) separate buildings; the two-story building consists of a 3-bed/3-bath unit and a 1-bed/1-bath unit, while the one-story building consists of a 2-bed/1-bath unit and a 1-bed/1-bath unit. One bedroom in the two-story building has been converted to a laundry room. The two-story building main house has been completely modernized, with a beautiful interior remodeled in its entirety. All units can be delivered occupied or the 3-bed/3-bath unit can be delivered vacant and furnished in accordance with Buyer's preference; the two-story building can be owner-used while also generating monthly income from the other units. Easy maintenance and rental upside are simply the enticing bonuses. With easy access to the I-10 freeway as well as to various venues, markets, popular restaurants and eateries, and entertainment amenities all over the city, 2970 W 11th St is a must-see and a can't miss.
Presented By: MiJeong Kim with Mi Jeong Kim;

Interior Features for 2970 W 11th Street

Bedrooms

Total Bedrooms7

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths6

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 2970 W 11th Street

Additional Parcels Y/NNo
AppliancesMicrowave
Attached Garage No
Cap Rate5.65
Carport Y/NNo
CityLos Angeles
CoolingWallWindowUnits
CountyLos Angeles
Days on Market204
DirectionsOn the northeast corner of 11th St and Ardmore Ave.
Garage Y/NNo
Gross Income97200.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Lot Size Square Feet5908.0
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income76162.0
New ConstructionNo
Occupancy DescriptionTenant
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street Name11th
Tenant PaysElectricity, Gas, TrashCollection
Total Units4
View Y/NNo
Waterfront Y/NNo
Year Built1921
ZoningLAR3

Exterior for 2970 W 11th Street

Building Area Total4103.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1356
Lot Size Area5908.0
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,349,000
MLS#23317635
List Date 10/04/2023
Property Type Multi-Family
Phone 714.964.3311
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