tomo logo

$1,325,000

Beds
9
sq ft
4,032

2300 W 12th St, Los Angeles, CA 90006

2300 W 12th St

Los Angeles, CA 90006

  • 52 days on market
    • Price drop $50,000↓
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.

Details

Property type

Lot size

6,274 sq ft

Price per sq ft

$329

Year built

1906

HOA

No

Price History

12/20/2024
CLAW

CLAW #24453971

Price change
$1,325,000
-3.64%
11/01/2024
CLAW

CLAW #24453971

Listed
$1,375,000
+1.85%
07/25/2024
CRMLS

CRMLS #RS24023789

Sold
$1,350,000
-2.88%

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/23/2024 at 7:35 AM

Listing updated: 12/20/2024 at 12:20 PM

Listed by: Yoon Kwak, Sunnyside Group Phone #: (213) 290-3771

MLS: CLAW #24453971

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