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2970 W 11Th St, Los Angeles, CA 90006
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2970 W 11Th St Los Angeles, CA 90006

$1,349,000
  • 7 Beds
  • 6 Baths
  • 4,103 Sq.Ft.
For Sale
$1,349,000 Get Pre-Qualified
Map preview of 2970 W 11Th St, Los Angeles, CA 90006

Property Overview: 2970 W 11Th St Los Angeles, CA has 7 bedrooms, 6 bathrooms, 4,103 living square feet and 5,908 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by MiJeong Kim | BRE #01887660 | Mi Jeong Kim
Last checked: 5 minutes ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 212
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Home details

Lot Sq. Ft
5,908
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23317635
City
Los Angeles
County
Los Angeles
Time on Site
211 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Furnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.65%
  • Gross Rent Multiplier: 13.87
  • Gross Scheduled Income: --
  • Net Operating Income: $76,162
  • Gross Operating Income: $97,200
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2970 W 11Th St

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Property Details for 2970 W 11Th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Microwave
Interior Features
  • Levels: Two, One
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 5080029001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On the northeast corner of 11th St and Ardmore Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 2970 W 11Th St

Last sold for $720,000 on April 4th, 2017

  • April, 2024

  • Apr 20, 2024

    Date

    Active

    CRMLS: 24382571

    $5,500

    Price

  • Listing provided courtesy of CRMLS

    Rare investment and/or owner-user opportunity for lease in prime Los Angeles. Most excellently nestled in Koreatown and greatly situated on a hillside corner lot with beautiful city views, boasting 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. The main 3-bed/3-bath unit in the two-story building is the unit currently being leased. The unit has been completely modernized, with a beautiful interior remodeled in its entirety. Unit can be delivered fully furnished all appliances and furnishings. 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.

  • October, 2023

  • Oct 4, 2023

    Date

    Active

    CRMLS: 23317635

    $1,439,000

    Price

  • October, 2023

  • Oct 1, 2023

    Date

    Expired

    CRMLS: 23246943

    $1,449,000

    Price

  • Mar 2, 2023

    Date

    Active

    CRMLS: 23246943

    $1,699,900

    Price

  • Listing provided courtesy of CRMLS

    ***SELLER MOTIVATED!!! $250K PRICE REDUCTION!!!*** Proudly presenting 2970 W 11th St, a great investment and/or owner-user opportunity for sale in prime Los Angeles. Most excellently located in Koreatown and greatly situated on a hillside corner lot with beautiful city views in Mid-Wilshire, this wonderful property boasts ideal location as the midpoint between Koreatown, Downtown and USC. Subject property consists of two (2) units in two (2) separate buildings; the first two-story building consists of a 5-bed/4-bath unit, while the second one-story building consists of a 3-bed/2-bath unit. The main house in the two-story building has been completely modernized, with a beautiful interior remodeled in its entirety. Both units can be delivered fully occupied or the main house can be delivered vacant in accordance with Buyer preference. Easy maintenance and and rental upside is simply the cherry-on-top. 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 gem that cannot be missed.

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: 22210083

    $1,699,900

    Price

  • Oct 19, 2022

    Date

    Active

    CRMLS: 22210083

    $1,699,900

    Price

  • Listing provided courtesy of CRMLS

    We proudly present 2970 W 11th St, a great investment and/or owner-user opportunity for sale in prime Los Angeles. Excellently situated on a hillside corner lot with beautiful city views in Mid-Wilshire, this wonderful property boasts ideal location as the midpoint between Koreatown, Downtown and USC. Subject property consists of four (4) units in two (2) detached buildings; the first two-story building consists of a 3-bed/3-bath unit and a 1-bed/-bath unit, while the second one-story building consists of a 2-bed/1-bath unit as well as a 1-bed/1-bath unit. The two units in the two-story building have been completely modernized, with a beautiful interior remodeled in its entirety. All units can be delivered fully occupied or the main 3-bed/3-bath unit can be delivered vacant according to Buyer's preference. Easy maintenance and and rental upside is simply the cherry-on-top. 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 can't miss and a must-see gem.

  • April, 2022

  • Apr 20, 2022

    Date

    Canceled

    CRMLS: MB21249482

    $1,398,000

    Price

  • Nov 16, 2021

    Date

    Active

    CRMLS: MB21249482

    $1,695,000

    Price

  • Listing provided courtesy of CRMLS

    This great income property is located in the heart of Koreatown and is an opportunity to own in a developing area and prime location. The large back house was remodeled in 2017 and it offer amazing view of the Los Angeles skyline from the second story. The property is also conveniently located near Downtown, USC, and much more.

  • November, 2018

  • Nov 30, 2018

    Date

    Canceled

    CRMLS: 18402932

    $5,390

    Price

  • Nov 1, 2018

    Date

    Active

    CRMLS: 18402932

    $5,390

    Price

  • Listing provided courtesy of CRMLS

    Situated in the heart of Koreatown, this newly upgraded turnkey home boasts arguably the most top prime location. This 4bed 4bath house sits on a corner lot with a view overseeing eastern Ktown and Downtown LA. As of October 2018, the house is move-in ready: interior has been completely remodeled (new wood flooring, freshly painted walls, renovated baths and more), and the exterior has also been repainted. This awesome, new house will serve as the perfect home to a large family or can be master-leased to a savvy investor. You won't want to miss this home excellently located in close proximity to everything Ktown.

  • April, 2017

  • Apr 4, 2017

    Date

    Sold (Public Records)

    Public Records

    $720,000

    Price

  • November, 1996

  • Nov 4, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2970 W 11Th St

Assessed Value (2020): $764,069
Year Land Value Improved Value Assessed Value
2020 $530,604 $233,465 $764,069

Home Value Compared to the Market

This property vs the competition

2970 W 11Th St is listed 10.12% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $328.78 per/sqft which puts the price per square foot 57.52% lower than the median price per square foot for the city of Los Angeles.

About 2970 W 11Th St

Detailed summary of property

2970 W 11Th St is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 7 bedrooms, 6 bathrooms, roughly 4,103 living square feet, and sits on an approximately 5,908 square foot lot. 2970 W 11Th St was first listed on ArdentRealEstateGroup.com on October 5, 2023. The homeowner is currently asking $1,349,000 and was originally asking $1,439,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10.12% higher than the median priced home. Local competing homes currently for sale include 1046 Fedora St, 1138 Fedora St and 926 S Mariposa Ave. While the average home in Los Angeles, CA is selling in 96 days, 2970 W 11Th St has a days on market of 212 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2970 W 11Th St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2970 W 11Th St

Public county record property details
Beds
9
Baths
6
Year built
1921
Sq. Ft.
4,103
Lot Size
5,905
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5080-029-001

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
32
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Recently Sold Homes Near 2970 W 11Th St

2945 W 11th St, Los Angeles, CA 90006
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1147 S Ardmore Ave, Los Angeles, CA 90006
$1,030,000 Last Sold Price
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1121 S Kingsley Dr, Los Angeles, CA 90006
$920,000 Last Sold Price
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1121 S Kingsley Dr
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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