Los Angeles, CA 90006,2300 W 12th St
Los Angeles, CA 90006,2300 W 12th St
Los Angeles, CA 90006,2300 W 12th St
13
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$1,350,000
Est. payment /mo
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9 Beds
6 Baths
4,032 SqFt
Active Under Contract

2300 W 12th St Los Angeles, CA 90006

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,032 sqft

Price per Sqft $334

MLS Listing ID 24-453971

Bedrooms 9

Year Built 1906

Lot Size 6,274 Sqft

Acres 0.144

Property Sub-Type Multi-Family

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. 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.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Other

Cooling Wall/Window

Equipment Other

Exterior

Parking Features Uncovered, Private

Garage Spaces 10.0

Roof Type Tile

Building

Story 2

Sewer In Street

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Sunnyside Group

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agent

Asianna Joyce

Agent | License ID: 02204089

+1(310) 717-8030

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2300 W 12th St