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2945 W 11th Street, Los Angeles, California 90006, Los Angeles, 90006 - 4 bed, 4 bath

2945 W 11th Street, Los Angeles, California 90006 home-pic-0
ACTIVE$999,000
2945 W 11th Street, Los Angeles, California 90006
4Beds
4Baths
2,132Sqft
2,025Lot
Year Built
1923
Close
-
List price
$999K
Original List price
$1.1M
Price/Sqft
$469
HOA
-
Days on market
-
Sold On
-
MLS number
BB25140927
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $999.0K(50th), sqft - 2132(33th), beds - 4(67th), baths - 4(67th).

Welcome to 2945 W 11th Street — a classic 1920s fourplex offering vintage charm and modern upgrades in one of Los Angeles’ most dynamic neighborhoods. This 2,132 sq ft building sits on a 2,025 sq ft LAR4-zoned lot and features four (4) well-laid-out 1-bedroom, 1-bathroom units, each approximately 533 sq ft. Each unit is separately metered for gas, electricity, and water, and comes equipped with its own water heater, washer, and dryer—a rare find that tenants love. One of the units has been beautifully renovated, featuring new flooring, custom cabinetry, an updated tiled bathroom, and stylish modern fixtures. The property also boasts a new roof installed in 2022, offering peace of mind to investors and buyers alike. Located in the rapidly evolving Koreatown district, this property is surrounded by some of LA’s most exciting dining, shopping, and entertainment spots, with easy access to Hollywood and Downtown LA. With a Walk Score of 94, this location is truly a Walker’s Paradise—steps away from local favorites like Monty’s Good Burger, Park’s BBQ, California Marketplace, and more. Property to be sold with tenants in place. This is a great investment opportunity.

Nearby schools

/10
Mariposa-Nabi Primary Center
Public,•K-2•0.2mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.2mi
3/10
Los Angeles Elementary School
Public,•K-5•0.3mi
3/10
Wilton Place Elementary School
Public,•K-5•0.9mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.2mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.3mi
3/10
Berendo Middle School
Public,•6-8•0.5mi
5/10
Pio Pico Middle School
Public,•6-8•1.0mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.6mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.7mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.7mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.7mi
4/10
West Adams Preparatory High School
Public,•9-12•1.0mi
4/10
Los Angeles Senior High School
Public,•9-12•1.8mi

Price History

Date
Event
Price
09/12/25
Price Change
$999,000
06/25/25
Listing
$1,100,000
03/28/24
Sold
$820,000
03/03/06
Sold
$571,000
11/26/97
Sold
$230,000
Condition Rating
Fair
Built in 1923, this property is over 100 years old. While one of the four units has been beautifully renovated with modern features (new flooring, custom cabinetry, updated tiled bathroom, and stylish modern fixtures), images of other units clearly show very outdated kitchens and bathrooms with old cabinets, appliances, and fixtures. This indicates that the majority of the property's living spaces are significantly aged and would require substantial renovation to meet modern standards. However, a new roof was installed in 2022, demonstrating recent significant maintenance. The property is functional and maintained to some degree, but the overall condition is a mix, with the majority of units being outdated, fitting the 'Fair' category where major components are functional but show signs of being outdated, and significant updates are needed for most units, but it does not present with major defects affecting safety or structural integrity that would classify it as 'Poor'.
Pros & Cons

Pros

Strong Investment Opportunity: This quadruplex is explicitly marketed as a 'great investment opportunity' and 'Residential Income' property, offering four distinct units in a high-demand area.
Exceptional Location & Walkability: Located in the 'rapidly evolving Koreatown district' with a 'Walk Score of 94,' providing tenants with easy access to dining, shopping, entertainment, and public transit.
Individual Unit Amenities & Separate Metering: Each unit is separately metered for utilities and includes its own water heater, washer, and dryer, a rare and highly desirable feature for tenants that reduces landlord operating costs.
Recent Capital Improvements: A new roof was installed in 2022, and one unit has been beautifully renovated, indicating proactive maintenance and reducing immediate capital expenditure for a new owner.
LAR4 Zoning Potential: The LAR4 zoning offers potential for future density or redevelopment, adding long-term value and flexibility for an investor.

Cons

Tenants in Place: The property is 'to be sold with tenants in place,' which may limit immediate owner-occupancy, extensive renovations, or rent adjustments, requiring adherence to tenant rights.
Partial Unit Renovation: Only 'One of the units has been beautifully renovated,' implying the other three units may require significant capital investment to modernize and maximize rental income potential.
Small Lot Size: The '2,025 sq ft LAR4-zoned lot' is relatively small for a fourplex, limiting potential for additional parking, outdoor common areas, or significant expansion beyond the existing footprint.

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