2300 W 12th Street
Los Angeles, CA 90006
4032 sqft | 9 beds | 0.14 acres | #24453971
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.
Interior Details
- Bedrooms9
Property Details
- Stories2
Measurements
- Acres0.144
- Square Feet4032
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1906
Utilities / Energy Details
- Sewer InformationOther
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,375,000
Other
- MLS #24453971
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Yoon Kwak (#CLW-X79091)
Listing Office: Sunnyside Group (#CLW-X80486)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
