Active
2300 W 12th St
Los Angeles CA, 90006
$1,375,000
$341.02 per sqft
Active
9 Beds
6 Baths
4,032 sqft
Multi-family
Built in 1906
We are pleased to present this great investment income property in the heart of Los Angeles nearby Downtown LA (LA Convention Center, Crypto.com Arena, USC) and Korea-Town (bars, restaurants, and cafes). The Mid-Wilshire area is a highly dense neighborhood with high occupancy rates. The property has 6-Units and is Zoned LAR4 for future development potential on the corner of Hoover St. and 12th St. All tenants are current on rent. This 2-story apartment is an expansive 4,032 SF on a 6,272 SF lot with 10 parking spaces. Units consist of one 3 beds and 2 baths unit, one 2 beds and 1 bath unit, two 1 bed and 1 bath units, and two studio units. Easy access to the 10, 101, and 110 freeways. The cap rate of 5.9% is based on current gross income ($114,300) and expenses with the new property tax amount at the asking price of $1,375,000.
24-453971
MLSⓇ ID
November 1, 2024
Listed
November 9, 2024
Updated
Map
2300 W 12th St
Los Angeles CA, 90006
Interior Features
Total Stories
2
Bedrooms
9
Total Bathrooms
6
Appliances
Other
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.14 Acres
Roof
Tile
Sewer
In Street
Other Property Details
Area Name
Mid-Wilshire
Days on Market
8
Garage
No
Parking
Uncovered, Private
Parking Total
10
View
No
County
Los Angeles
Pool
No
Zoning
LAR4
Listed by Yoon Kwak with Sunnyside Group
Listing Contact: 213-290-3771
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nick Hertz | CA DRE #1992715 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 11/9/2024
