$ 1,999,000
-
$1,999,000
Price -
3
Bed -
3
Bath -
12,306
SqFt
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About the Listing CLW-X74054 - CLW-X15232,CLW-X92166
Great architecture on sale! 11-unit courtyard property about a mile from LA Live, Ritz Carlton, Convention Center and the Crypto Arena. This classic Spanish Colonial style building showcases timeless architectural appeal, featuring a striking symmetrical facade, red clay tile roof, arched entryway, and a beautifully landscaped central courtyard that creates a welcoming and private setting for residents. The property is well maintained and offers a well-balanced unit mix with strong in-place income and enormous upside in rents. Investors will appreciate the consistent rental demand driven by the property's central location, just minutes from Downtown Los Angeles, Koreatown, USC, and major employment hubs. Each unit benefits from abundant natural light, functional layouts, and the charm of period details that continue to attract long-term tenants. The gated courtyard design enhances both privacy and security, while the lush landscaping adds to the overall curb appeal and tenant experience. Additional income from laundry and separately metered for Electric, and gas. Priced at 11.7 GRM and 4.25 CAP Rate, this has both immediate cash flow and incredible upside in the future. Could benefit from SB1211 for new 8 ADUs
Listing Highlights
Status
Active
Days on Site
30
Property Type
Multi-Family
MLS ®
26759433
Year Built
1923
Total Square Footage
12,306
Lot/Acreage
0.32
County
Los Angeles
Area
C17 - Mid-Wilshire
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Dryer, Washer
- Air Cond:
- Heating: Wall Furnace
- 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: 6
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5076012009
- Tax Year: N/A
Payment Calculator
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Questions About..
2375 W 12th St Los Angeles, CA 90006
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