2300 W 12Th Street

Los Angeles, CA 90006

PRICE REDUCED

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-$50,000 (-3.64%)

$1,325,000

List Price

9

bed Beds

6

shower Baths

4,032 sqft

straighten / sqft

1906

calendar_month Built

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.

Listing Information

List Price $1,325,000
Status Active
MLS 24453971
Type Residential Income
Year Built 1906
Lot Size 6,274
Structure Size 4,032
DOM 49
Courtesy Of Sunnyside Group
Listing Agent Yoon Kwak DRE#01749340
Co-Listing Agent Roy Kwak DRE#01815269

Interior Features

Total Bedroom
Bedrooms 9
Total Bathroom
Bathrooms 6
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Yoon Kwak, Roy Kwak, Sunnyside Group 213-290-3771. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 20th, 2024 at 8:18 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.