2300 W 12Th Street, Los Angeles, CA 90006
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Listed Price :
$1,375,000
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Beds :
9
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Baths :
6
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Property Size :
4,032 sqft
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Year Built :
1906
Property Description
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. 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 $1,375,000.
Interior Features
| Bedroom Information |
| Bedrooms |
9 |
| Bathroom Information |
| Bathrooms |
6 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
2300 W 12Th Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90006 |
| County |
Los Angeles |
| Listing Agent |
Yoon Kwak DRE #01749340 |
| Courtesy Of |
Sunnyside Group |
| List Price |
$1,375,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,032 |
| Lot Size |
6,274 |
| Year Built |
1906 |
Listing information courtesy of: Yoon Kwak, Sunnyside Group. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 9th, 2024 at 1:13 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
