2970 West 11th Street

Los Angeles, CA 90006

$1,349,000
Price
7
Beds
6
Baths
4,103 Sq. Ft.
$329 / Sq. Ft.
4,103
Sq. Ft.
$329
per Sq. Ft.

Description

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...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.
  1. Listed by MiJeong Kim • DRE #01887660 • Brokerage DRE #01887660 • Mi Jeong Kim

Property Details for 2970 West 11th Street

Zoning
LAR3
Parcel Number
5080029001
Total Units
4.0
Living Area
4103
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
3%
Lot Size Area
5908

Location

Listing Courtesy of Mi Jeong Kim, MiJeong Kim, DRE #01887660
Add your commute
LISTING UPDATED: 04/25/2024 09:53 AM

Property Details for 2970 West 11th Street

StatusActive
MLS #23-317635
Days on Market210
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.14 AC / 5,908 SF
CountyLos Angeles County

Location

Listing Courtesy of Mi Jeong Kim, MiJeong Kim, DRE #01887660
Add your commute

Building Information for 2970 West 11th Street

Stories2Residences-Year Built1921Building Size-Lot Size0.14 AC / 5,908 SF

Payment Calculator

$8,212 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,362

Property Taxes

$850

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2970 West 11th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Income Units
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Limited Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $97,200
  • Net Operating Income: $76,162.00
  • Gross Income: $97,200
  • Cap Rate: 5.65%
  • Gross Rent Multiplier: $13.87
  • Owner Pays: Water
  • Total Annual Expense: 21038
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1356
  • Lot Size Square Feet: 5908
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two, One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Gas Dryer Hookup, Microwave, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-04-2023
  • Tenant Pays: Electricity, Gas, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $1,400.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $1,200.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $240,600.00
  • Assessed Improvement Percent: 30.56
  • Assessed Land Value: $546,823.00
  • Assessed Land Percent: 69.44
  • Assessed Total Value: $787,423.00

Property History for 2970 West 11th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2970 West 11th Street

Taxable ValueLand$557,759Additions$245,412Total$803,171
Tax Record2023$10,199 ($850 / month)
Home Facts
Total Finished SqFt4,103 SqFtAbove Grade Finished SqFt4,103 SqFtLot Size5,906 SqFtStyleDuplexYear Built1921ZoningLAR3CountyLOS ANGELESAPN5080-029-001

Schools near 2970 West 11th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2970 West 11th Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on October 4, 2023 by Mi Jeong Kim, it's currently listed at $1,349,000. It has been on the market for a total of 210 days and was last sold on March 27, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Berendo Middle School and West Adams Preparatory High School. 2970 West 11th Street is a 7-bed, 6-bath, 4,103 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mi Jeong Kim, MiJeong Kim, DRE #01887660

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.