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2375 W 12th Street

Los Angeles, CA 90006

– beds
– baths
– sqft
14,003 sqft lot
1923 build
– on site

We are pleased to exclusively present 2375 W 12th Street, an 11-Unit multi-family apartment located in the Koreatown neighborhood of Los Angeles California, bordering Downtown. This value-add investment opportunity offers significant upside potential in a prime Southern California rental market. Constructed in 1923, the two-story building comprises a mix of spacious units, including one studio, six one-bedroom/one-bath units, and four two-bedroom/one-bath units, totaling 12,306 rentable square feet. The property sits on a prominent 13,999 square foot corner lot and includes key amenities such as an on-site laundry facility and parking garages. With current rents over 70% below market value, this property provides investors with a significant opportunity to increase rental income. The potential to achieve a Pro Forma CAP rate of over 8.5% makes this asset particularly attractive. Additional income growth may also be realized through the potential addition of accessory dwelling units (ADUs), subject to buyer verification and city approval. Strategically located just minutes from Downtown Los Angeles and the heart of Koreatown, the property enjoys proximity to major business districts, popular retail outlets, restaurants, and grocery stores. It also benefits from excellent connectivity, with quick access to the 110 and 10 freeways and several public transportation options within Koreatown. The property is further distinguished by its R4-01 zoning and designation within a Transit Priority Area, making it an ideal candidate for redevelopment. This presents an exciting opportunity for long-term investors looking to maximize returns in one of Los Angeles' most vibrant and high-demand areas.

Listed By CRMLS_CA / Edward Pan / Colliers International Greater Los Angel

Last checked: Checking… • Last updated Nov 5, 2024 •

MLS# 24457491 —

The Building

Year Built:

1923
New Construction:

No
Building Area Total:

12306.00
Total Number Of Units:

11
# of Buildings:

1
Stories Total:

2

Interior

Levels:

Two

Location

Directions:

North east corner of W 12th St and Elden Ave
Latitude:

34.04933500
Longitude:

-118.28736600

The Property

Property Type:

Residential Income
Zoning:

LAR4
Lot Size Area:

14003.0000
Lot Size Acres:

0.3215
Lot Size SqFt:

14003.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5076012009

Heating & Cooling

Heating:

1
Heating:

Forced Air

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Driveway
Parking Spaces:

11.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/28/24 Oct 28, 2024	Listed / Active	CRMLS_CA	$2,550,000

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This multifamily located in Central LA, Los Angeles, CA 90006 is currently for sale for $2,550,000. 2375 W 12th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 56 days. 2375 W 12th Street is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Leo Politi Elementary School, Miguel Contreras Learning Complex - School Of Social Justice, Ramon C Cortines School Of Visual And Performing Arts, Miguel Contreras Learning Complex - Business And Tourism, Berendo Middle School, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, and Edward R. Roybal Learning Center.

Listing Courtesy of: CRMLS_CA and Colliers International Greater Los Angel. Based on information from California Regional Multiple Listing Service, Inc. as of 17:09 on Dec 23.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.