2300 West 12th Street
$1,325,000
9
6
4,032
4,032
$329
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...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.
- Listed by Yoon Kwak • DRE #01749340 • Brokerage DRE #01815269 • Sunnyside Group
- Listed by Roy Kwak • DRE #01815269 • Brokerage DRE #01815269 • Sunnyside Group
Property Details for 2300 West 12th Street
Zoning
LAR4
Parcel Number5076015023
Total Units6.0
Living Area4032
Source Living AreaVendor Enhanced
AreaMid-Wilshire (C17)
Vacancy Rate0
Lot Size Area6274
LISTING UPDATED: 12/20/2024 12:06 PM
Property Details for 2300 West 12th Street
Status | Active |
---|---|
MLS # | 24-453971 |
Days on Market | 50 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1906 |
Lot Size | 0.14 AC / 6,274 SF |
County | Los Angeles County |
Building Information for 2300 West 12th Street
Stories2Residences-Year Built1906Building Size-Lot Size0.14 AC / 6,274 SF
Property Information for 2300 West 12th Street
Property History for 2300 West 12th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2300 West 12th Street
Taxable ValueLand$661,530Additions$348,173Total$1,009,703
Tax Record2024$13,199 ($1,100 / month)
Home Facts
Total Finished SqFt4,032 SqFtAbove Grade Finished SqFt4,032 SqFtLot Size6,272 SqFtStyleMulti-Family Res (5+ Units)Year Built1906ZoningLAR4CountyLOS ANGELESAPN5076-015-023
Schools near 2300 West 12th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Leo Politi Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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