$1,325,000
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12th St Los Angeles, CA 90006
Other
Residence
9
Beds
6
Baths
4,032
Sq. Ft.
0.14
Acre
Lot
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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.
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MLS#
24-453971
Property Type
Other
Bedrooms
9
Bathrooms
Year Built
1906
Square Feet
4,032
sq. ft
Price per Sq. Ft.
$328.62
Lot Size
0.14
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