$ 1,150,000
-
$1,150,000
Price -
12
Bed -
5
Bath -
5,020
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing REX5 - RSMCALAND
2942 W 12th Street, is an exceptionally located value-add triplex in the heart of Koreatown/Olympic Park consisting of a detached 5BD/2BA Craftsman house and a duplex with (1) 3BD/1BA unit and (1) 4BD/2BA unit, totaling approximately 5,020 rentable square feet on a 5,917 square foot LAR3 lot. The property offers a compelling investment profile with the two occupied units currently generating just $2,959/month combined at below-market rents, while the detached front house will be delivered vacant, providing immediate lease-up or owner-user flexibility. Current income is approximately $89,504 annually with the front unit rented and pro forma gross income projected at approximately $131,400. Representing over 50% upside in rents and a clear path to stronger in-place returns. The property also benefits from LAR3 zoning and Tier 2 TOC eligibility, creating longer term redevelopment and density bonus potential in one of Los Angeles’ most transit-oriented rental markets. Offered at an attractive price per square foot in a high demand location near Koreatown, Downtown LA, Metro access, and major employment hubs, this is a rare opportunity for investors seeking both current income upside and future development optionality
Listing Highlights
Status
Active
Days on Site
35
Property Type
Multi-Family
MLS ®
RS26069251
Year Built
1905
Total Square Footage
5,020
Lot/Acreage
0.14
County
Los Angeles
Area
KREA - Koreatown
Interior Details
- Bedrooms: 12
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 1
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Door-Single,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5080020001
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2942 W 12th Los Angeles, CA 90006
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
