3171 W 11th St Los Angeles, CA 90006

This exceptional 0.17-acre property in Los Angeles' vibrant Koreatown (zip code 90006) presents a unique investment opportunity. Currently operating as a duplex, the property boasts two 2-bedroom, 1-bathroom units, each approximately 1,000 square feet, featuring full kitchens, separate living rooms, and in-unit laundry. Six gated parking spaces enhance convenience and security. The duplex generates a combined monthly rental income of $4,000. The 7,316 square foot lot is zoned LAR4, offering significant development potential. Approved plans exist for an eight-unit, three-story apartment complex, including twelve ground-floor parking spaces and a rooftop outdoor area. The proposed complex will feature four units per floor (three 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit). This prime location in a highly desirable neighborhood offers substantial rental income and significant upside for future development. This is an exceptional opportunity to acquire a property with immediate cash flow and substantial long-term growth potential. The sale is structured as a 1031 exchange.