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3148 W 11th Street, Los Angeles, California 90006, Los Angeles, 90006 - 4 bed, 2 bath

3148 W 11th Street, Los Angeles, California 90006 home-pic-0
ACTIVE$1,299,000
3148 W 11th Street, Los Angeles, California 90006
4Beds
2Baths
1,672Sqft
5,402Lot
Year Built
1908
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$777
HOA
-
Days on market
-
Sold On
-
MLS number
25481525
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 42% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.30M(90th), sqft - 1672(50th), beds - 4(50th), baths - 2(50th).

This single-story duplex, located in a prime Koreatown location, offers an excellent opportunity for both owner-occupants and investors. Within walking distance to popular Korean markets, restaurants, banks, and shopping, the property consists of two 2-bedroom, 1-bathroom units with a combined total of 1,679 sq. ft. Thoughtfully rebuilt from the ground up, it showcases real cherry wood flooring, recessed lighting, dual-pane windows, soaring ceilings, and elegant crown molding in every room. The kitchen has been tastefully updated with light wood cabinets, stainless steel appliances, and an in-unit laundry space, while the bathroom features a sleek glass-enclosed shower door. Outside, the gated property includes a security camera system, a spacious parking area with an automatic gate, and a low-maintenance backyard. Zoned R4, this property offers development potential for an apartment building. Don't miss this chance to own a versatile and income-generating property in the heart of Koreatown!

Nearby schools

3/10
Los Angeles Elementary School
Public,•K-5•0.2mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.2mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.5mi
3/10
Wilton Place Elementary School
Public,•K-5•0.7mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.0mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.1mi
5/10
Pio Pico Middle School
Public,•6-8•0.7mi
3/10
Berendo Middle School
Public,•6-8•0.8mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.2mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.9mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.9mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.9mi
4/10
West Adams Preparatory High School
Public,•9-12•1.3mi
4/10
Los Angeles Senior High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
11/21/11
Sold
$235,000
Condition Rating
Excellent
Despite the 1908 build year, the property has been 'thoughtfully rebuilt from the ground up' and 'extensively renovated.' This is evident from the real cherry wood flooring, recessed lighting, dual-pane windows, and modern finishes throughout. The kitchen is described as 'tastefully updated with light wood cabinets and stainless steel appliances,' and the bathroom features a sleek glass-enclosed shower door and modern vanity, all appearing new or virtually new. While central AC is not mentioned, the overall comprehensive renovation brings the property to an excellent, move-in ready condition.
Pros & Cons

Pros

Prime Koreatown Location: The property is situated in a highly desirable Koreatown location, offering excellent walkability to popular Korean markets, restaurants, banks, and shopping, appealing to both residents and investors.
Income-Generating Duplex & Investor Opportunity: As a single-story duplex with two 2-bedroom, 1-bathroom units, it presents a versatile opportunity for owner-occupants seeking rental income or investors looking for a steady cash flow property.
Extensive Modern Renovation: Thoughtfully rebuilt from the ground up, the property boasts high-quality modern finishes including real cherry wood flooring, recessed lighting, dual-pane windows, soaring ceilings, elegant crown molding, updated kitchens with stainless steel appliances, and modern bathrooms.
Development Potential (R4 Zoning): Zoned R4, the property offers significant future development potential for an apartment building, adding substantial long-term value and flexibility for a savvy investor.
Enhanced Security & Parking: The gated property features a security camera system and a spacious parking area with an automatic gate, providing convenience and peace of mind in an urban setting.

Cons

Significant Discrepancy in Valuation: The listing price of $1,299,000 is considerably higher than the estimated property value of $751,433 and recent comparable sales, suggesting potential overpricing relative to market data.
Absence of Central Air Conditioning: Despite being 'rebuilt from the ground up' and featuring modern amenities, the property description does not mention a central cooling system, which is a significant drawback and an expected comfort feature in a renovated property in Los Angeles.
Potential for Age-Related Structural Concerns: While extensively rebuilt, the original construction year of 1908 might still raise concerns for some buyers regarding the underlying foundation or other structural elements not fully replaced, potentially leading to unforeseen maintenance or repair costs.

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