2300 W 12th ST, Los Angeles, CA 90006 - MLS#24453971

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Katrina Smith

Pinpoint Properties

katrina.smith@pinpointproperties.com +1(949) 209-9004

$1,325,000

Est. payment - /mo

9 Beds

6 Baths

4,032 SqFt

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UPDATED:

12/20/2024 08:18 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,032 sqft

Price per Sqft $328

MLS Listing ID 24453971

Bedrooms 9

HOA Y/N No

Year Built 1906

Lot Size 6,272 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Private, Uncovered

Roof Type Tile

Total Parking Spaces 10

Building

Faces East

Story 2

Entry Level Two

Sewer Other

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5076015023

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Financing Cash,Conventional,Private

Special Listing Condition Standard

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Listed by Yoon Kwak • Sunnyside Group

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Katrina Smith

+1(949) 209-9004

Broker | DRE#01915697

Broker DRE#01915697