2300 W 12th Street, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties

2300 W 12th Street, Los Angeles, CA 90006

$1,325,000 Approx. USD 9 beds, 6 baths
4,032 sqft

Listing Agent


Roy Kwak | sunnysidegroupla@gmail.com
Lic#: 01815269
Broker: Courtesy of Sunnyside Group

Agent Remarks

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. The rear parking lot has potential for an ADU. 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 $1,325,000.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 24453971
List price is $1,325,000 Reduced by $50,000 on 12/20/2024
Price: $1,325,000
Beds: 9
Baths: 6
Built in 1906
4,032 sqft
2 stories
0.14 acres
Lot size: 0.1440
County: Los Angeles
Zoning: LAR4
Parking description: Private,Uncovered
Heating/cooling: Wall/Window Unit(s)
MLS area: C17 - Mid-Wilshire

Last Updated: 2/18/2025

 Days On Market (DOM): 163

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.048972, -118.284515.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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