$ 1,295,000
-
$1,295,000
Price -
6
Bed -
5
Bath -
4,032
SqFt
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About the Listing CLW-X80486 - CLW-C142933
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 $116,184 , 6.5% 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.
Listing Highlights for 2300 W 12th St
Status
Active
Days on Site
30
Property Type
Multi-Family
MLS ®
25597289
Year Built
1906
Total Square Footage
4,032
Lot/Acreage
0.14
County
Los Angeles
Area
C17 - Mid-Wilshire
Interior Details
- Bedrooms: 6
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 10
- Zoning: LAR4
- Roof: Tile
- Others: 2+ Total Units
- Sewer: Other
- Parking Features: Uncovered,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5076015023
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
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Listing Location
Questions About..
2300 W 12th St Los Angeles, CA 90006
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