2300 W 12th Street Active

Los Angeles,CA 90006

$ 1325000

- Bed

0 Bath

4032 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,032 sqft

Price per Sqft $328

MLS Listing ID CL24453971

HOA Y/N No

Year Built 1906

Lot Size 6,274 Sqft

Acres 0.14

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 Listing

Zoning LAR4

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Utilities Available Other Water/Sewer

Building

Water Other

New Construction No

Others

Tax ID 5076015023

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