2300 12th Street Los Angeles, CA 90006

Cluster Residence

9 Beds

6 Baths

4,032 Sq. Ft.

0.14 Acre Lot

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Last updated on 11/15/2024 12:56 AM

Listing Details

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. Continue reading

MLS#

24453971

Property Type

Cluster

Status

Bedrooms

Bathrooms

Year Built

1906

Square Feet

4,032 sq. ft

Lot Size