2949 W 11th St
Los Angeles, CA 90006

Bd   — Ba   2,132 Sqft
Clean turnkey Fourplex in great Koreatown location just minutes from Downtown Los Angeles. Four 1BR X 1BA units with great rental upside. Tons of new development being built in the immediate area, including a large mixed use project on the block. Building was extensively rehabbed mechanically. Units have tank-less water heaters, granite counter tops, new kitchen cabinets, laminate hardwood flooring and tile. Building is separately metered for electricity and gas. Actual rents are listed. Approximately 25% to 30% upside in rental income for buyer to capitalize on in the future. Property is under Los Angeles rent control.
  • Property Type: Multi Family
  • MLS#: 16157404
  • MLS:
  • Listing Office: Edward Jesman Realty
  • Listed By: Paul Jesman
  • Movoto last checked CRMLS for new data 9 hours ago
  • CRMLS last updated this listing 8 months ago

Home Features for 2949 W 11th Street , Los Angeles

Year Built: 1923
Lot Size Acres: 0.04
Lot Size Square Feet: 1856
Lot Size Units: Square Feet
Lot Size Area: 1856
Price Per Square Foot: 304.88
Parcel Number: 5080033015
Special Listing Conditions: Standard
Standard Status: Closed

Compare Similar Homes for 2949 W 11th Street, Los Angeles

Price estimate is $1,426,308 based on the following nearby homes which average $669/Sqft
You can refine the estimate by removing homes that are not similar
This estimate is based on the average price per square foot value of the homes in the displayed below. Movoto intended this estimate as a useful starting point to help you price this home. This is not a professional appraisal, to get one contact one of Movoto’s licensed Real Estate Agents for a comprehensive evaluation.
A 2.31 mi
1100 S Hope St #1009
  • $715,000
  • Price Reduced

    48 days

  • 1 Bd
  • 1 Ba
  • 1,130 Sqft
  • $633 /Sqft
  • 41,205 Sqft Lot
  • Built 2007
B 2.50 mi
801 S Grand Ave #1403
  • $730,000
  • For Sale

    13 days

  • 1 Bd
  • 1 Ba
  • 1,066 Sqft
  • $685 /Sqft
  • 1.35 Acres Lot
  • Built 1985
C 2.68 mi
849 S Broadway #706
  • $789,000
  • For Sale

    18 days

  • 1 Bd
  • 1 Ba
  • 1,120 Sqft
  • $704 /Sqft
  • 22,842 Sqft Lot
  • Built 1930
D 4.83 mi
1424 N Crescent Hts #47
  • $749,000
  • For Sale

    55 days

  • 1 Bd
  • 1 Ba
  • 1,146 Sqft
  • $654 /Sqft
  • 29,786 Sqft Lot
  • Built 1930
YOU
ARE
HERE
2949 W 11th St
  • $650,000
  • Sold

    57 days

  • — Bd
  • — Ba
  • 2,132 Sqft
  • $305 /Sqft
  • 1,856 Sqft Lot
  • Built 1923
Talk to Movoto About Selling
  • Thu
    Jun 29
  • Fri
    Jun 30
  • Sat
    Jul 01
  • Sun
    Jul 02
  • Mon
    Jul 03
  • Tue
    Jul 04
  • Wed
    Jul 05
  • Thu
    Jul 06
  • Fri
    Jul 07
  • Sat
    Jul 08
  • Sun
    Jul 09
  • Mon
    Jul 10
  • Tue
    Jul 11
  • Wed
    Jul 12
Next

Property History for 2949 W 11th Street, Los Angeles

Status
Date
Price
Sold
Oct 24, 2016
$650,000
Active Under Contract
Sep 17, 2016
Listed
Aug 28, 2016
$625,000
#16157404
Sold
Feb 3, 2007
$705,000
Listed
Oct 17, 2006
$705,000
#06-138811

Public Record for 2949 W 11th Street, Los Angeles

4 Beds
4 Baths
2,132 Sqft Building Area
Quadruplex (4 units, any combination)
1,856 Sqft Lot Size
1923 Year Built
$321,000 Last Sale Price
02/27/2009 Last Sale Date

Real Estate Market Statistics for 2949 W 11th Street, Los Angeles

List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$650K

2949 W 11th Street

$850K

Wilshire Center - Koreatown

0% y/y

Wilshire Center - Koreatown

$615K

90006

-9% y/y

90006

$949K

Los Angeles

-4% y/y

Los Angeles

See all trends for Los Angeles
2949 W 11th St is a multi family home located in 90006 in Los Angeles, CA. It was last listed for $650,000, which is 6% above the current market median of $615,750 in 90006 and 32% below the market median of $949,000 in Los Angeles. 2949 W 11th St is approximately 2,132 square feet, which is 29% above the median size in Los Angeles of 1,656 Sqft and 71% above the median size in 90006 of 1,250 square feet. This property's price per square foot was $305, which is 39% below the current median in 90006 of $500 and 50% below the Los Angeles median of $608. As of today, , there are 31 properties listed for sale in ZIP code 90006 and 2,236 properties listed for sale in the city of Los Angeles. Of those 2,236 properties, there are 1,562 single family houses and 674 condos.
Built in 1923, this multi family house at 2949 W 11th St, Los Angeles CA, 90006 is approximately 2,132 square feet and does not come with a parking spot. It was last listed with a cost per Sqft of $305. 2949 W 11th St is located in the Wilshire Center - Koreatown neighborhood in the Los Angeles Unified School District. The closest school is Los Angeles Elementary School.

2949 W 11th St, Los Angeles CA, 90006 was on the market for 57 days. The median days on the market for properties in this area is 42 with a median list price of $949,000 and median cost per square foot of $608. Its current status is sold under the MLS #16157404.

View active properties and off-market properties in this area. Or connect with a top-rated Movoto agent to learn about Los Angeles market trends and find homes like this one.

Meet with a real estate agent today Call (877) 505-9582.

Movoto
Los Angeles Agent

I'm happy to give you a quick call to answer all your questions about this home and schedule a tour.