2300 W 12th St, Los Angeles, CA 90006
- $1,295,000
- 9
- BD
- 6
- BA
- 4,032
- SqFt
Courtesy of Sunnyside Group, Roy Kwak - CA DRE#01815269
- List Price
- $1,295,000
- Price Change
- ▲ $45,000 1780719964
- MLS#
- 26681233
- Year Built
- 1906
- Bedrooms
- 9
- Bathrooms
- 6
- Living Sq. Ft
- 4,032
- Lot Size
- 6,274
- Lot Location
- Corner Lot
- Days on Market
- 113
- Property Type
- Multifamily
- Property Type
- Multifamily
- Stories
- 2
Property Description
Discover a rare investment opportunity just minutes from Downtown LA's premier attractions: the LA Convention Center, Crypto.com Arena, USC, plus the vibrant dining and nightlife of Koreatown. Nestled in the bustling Mid-Wilshire district, this fully rented, six-unit asset delivers strong occupancy, steady cash flow and exciting upside potential. Key Highlights are Prime Corner Lot: 6,272 SF parcel at Hoover St. & 12th St., zoned LAR4 for future redevelopment, Spacious Living: 4,032 SF building across two stories, featuring: One 3 BR/2 BA unit, One 2 BR/1 BA unit, Two 1 BR/1 BA units, Two studio units. Ample Parking & ADU Potential: 10 dedicated spaces in rear lot with room to add an accessory dwelling unit. Effortless Connectivity with access to I-10, US-101 and I-110 freeways. Strong Financials: Current gross income of $120,240 and 6.8% cap rate at a list price of $1,295,000 (incorporating the new property tax basis). All tenants are current on rent, ensuring uninterrupted cash flow from day one. Whether you're seeking a stable, income-producing asset or a development play in one of L.A.'s most sought-after neighborhoods, this investment offers the best of both worlds. Schedule your private tour today and seize the opportunity to own a vibrant piece of Los Angeles real estate.
Additional Information
- Other Buildings
- None
- Heat
- Other
- Cooling
- Wall/Window
- Number of Cars in Garage
- Uncovered, Private
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