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6341 11th Avenue, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath

6341 11th Avenue, Los Angeles, California 90043 home-pic-0
ACTIVE$875,000
6341 11th Avenue, Los Angeles, California 90043
0Bed
0Bath
2,551Sqft
7,576Lot
Year Built
1930
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$343
HOA
-
Days on market
-
Sold On
-
MLS number
SB25111028
Home ConditionPoor
Features
Good View:
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $875.0K(75th), sqft - 2551(88th), beds - undefined(50th), baths - undefined(50th).

ASSET 4 single-story units located in the Hyde Park neighborhood of Los Angeles. The property is comprised of (one) 2-bedroom/1-bathroom unit and (three) 1-bedroom/1-bathroom units. The property is residential asset which presents a desirable owner-user opportunity. Situated on a large 7,574-SF lot, the property is zoned LAR3 with a Tier 3 TOC (Transit Orient Communities), which allows for the development of up to 17 units*. Given the TO3 Tier 3 allowance, subterranean parking is not required, and a developer is only responsible for 0.5 parking spaces per unit. The large lot presents an outstanding opportunity to develop up to 17 units* or to add ADUs in a dense rental market of Los Angeles. LOCATION This 2,551-SF fourplex is located just a few blocks from the Hyde Park Station of the Crenshaw/LAX Metro Line. The Crenshaw/LAX line (K Line) is a $2.1 Billion project of an 8.5-mile light rail line connecting South Los Angeles to the South Bay and the Los Angeles Airport. In a separate phase of the project, Metro hopes to add plans to extend the line to as far north as Hollywood. Furthermore, the asset is located just south of Slauson Avenue and west of Crenshaw Boulevard, which provides tenants with an abundance of retail shops, restaurants, entertainment, and grocery stores. The property is located 2 miles from Baldwin Hills Crenshaw Plaza, SoFi Stadium and The Forum and approximately 2.5 miles from Intuit Dome (NBA Clippers Arena)

Nearby schools

2/10
Yes Academy
Public,•K-5•0.2mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.7mi
4/10
Centinela Elementary School
Public,•K-6•1.0mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.0mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.0mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.0mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.1mi
3/10
Windsor Hills Math Science
Public,•K-5•1.8mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•1.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•1.9mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.6mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•2.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.1mi
2/10
Inglewood High School
Public,•9-12•2.0mi
2/10
George Washington Preparatory High School
Public,•9-12•3.4mi
9/10
Middle College High School
Public,•9-12•6.0mi

Price History

Date
Event
Price
05/15/15
Sold
$3,450,000
12/19/05
Sold
$585,000
Condition Rating
Poor
Built in 1930, this property is nearly a century old. The listing provides no interior images, which strongly suggests the kitchens, bathrooms, and overall interior conditions are significantly outdated and likely in need of substantial repairs and modernization. The exterior photos show visible wear and tear, and the property analysis explicitly mentions 'Advanced Age & Potential for Deferred Maintenance' and that units 'may be outdated,' indicating a need for considerable capital expenditure to upgrade systems and address deferred maintenance. This aligns with the 'poor' condition criteria, requiring substantial repairs and rehabilitation.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Exceptional Development Potential: Zoned LAR3 with Tier 3 TOC, this property offers significant development potential, allowing for up to 17 units on a generous 7,574 SF lot with relaxed parking requirements, making it highly attractive for developers.
Strategic Transit-Oriented Location: Located just blocks from the Hyde Park Station of the Crenshaw/LAX Metro Line, the property benefits from excellent public transit access and future appreciation potential due to a major infrastructure investment.
Proximity to Major Entertainment & Retail Hubs: The asset is strategically positioned near SoFi Stadium, The Forum, the upcoming Intuit Dome, and Baldwin Hills Crenshaw Plaza, providing residents with convenient access to entertainment, retail, and employment opportunities.
Strong Rental Market Demand: Situated in a dense Los Angeles rental market, the property is poised to benefit from consistent demand for rental units, offering potential for stable income generation.
Owner-User Investment Opportunity: The property presents a desirable owner-user opportunity, allowing a buyer to reside in one unit while generating rental income from the other three, appealing to a specific segment of the market.

Cons

Advanced Age & Potential for Deferred Maintenance: Built in 1930, the property is nearly a century old, suggesting a high likelihood of requiring substantial capital expenditure for system upgrades, renovations, and addressing deferred maintenance to modernize the existing units.
Low-Rated Local Schools: The presence of multiple low-rated schools in the immediate vicinity could be a significant drawback for families with children, potentially impacting the long-term owner-occupancy appeal and property value for this demographic.
Existing Unit Configuration & Condition: The current four-unit configuration (one 2-bed, three 1-bed) and the property's age indicate that the existing units may be outdated and smaller, potentially limiting rental income potential without significant renovation and modernization.

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