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.
Property Details
Price:
$1,325,000
MLS #:
24453971
Status:
Active
Baths:
0
Address:
2300 W 12th Street
Type:
Residential Income
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Nov 1, 2024
State:
CA
ZIP:
90006
Lot Size:
6,274 sqft / 0.14 acres (approx)
Year Built:
1906
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Exterior
Parking Features
Uncovered, Private
Parking Spots
10.00
Roof
Tile
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Other
Stories Total
2
Financial
Map
Community
- Address2300 W 12th Street Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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2300 W 12th Street
Los Angeles, CA
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