Address
2375 W 12Th Street Los Angeles, CA
Price
$ 2,880,000
Property Attributes
  • MLS#20673806
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90006
  • Style
  • Price$ 2,880,000
  • Bedrooms11
  • Full Bathrooms11
  • Half Bathrooms0
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Edward Pan with Colliers International Greater Los Angel.
Data Source:
CRMLS
Property Description

We are pleased to present for sale 2375 W 12th Street, an 11-Unit multi-family apartment located in the Koreatown neighborhood of Los Angeles California, bordering Downtown. The property is a two story, garden style apartment building with parking and storage in the rear. The building totals12,306 rentable square feet situated on an approximately 13,999square foot corner lot. Originally built in 1923, this apartment is being offered for the very first time on market within the past 20 years. The rents at this property are approximately 40% below market rates due to long term tenants. With updated market rents, the property has the potential to achieve a 5.07% CAP rate. This apartment building is conveniently located within minutes to downtown Los Angeles and the center of Koreatown. In addition, this property is an ideal candidate for redevelopment* due to its R4-01 zoning, in the Transit Priority Area in the City of Los Angeles. * = Buyer should complete the

Price History
12/28/2020 Listed $2,880,000

General Features

Community Features Gated
Facing Direction South
Heating Forced Air
Levels Two
MLS Area C17 - Mid-Wilshire
Parking Features None
Pool Features None
Property Type Residential Income
Security Features Gated Community
Spa Features None
Terms Trust Deed
Total Units 11
Zoning LAR4

Interior Features

Heating Y/N Yes
Laundry Features None

Exterior Features

Foundation Details Slab
Lot Size Acres 0.32
Lot Size Area 13999
Lot Size Square Feet 13999
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90006

Price
AVG $1.72M
$2.88M
Visits
AVG 27
70
Year Built
AVG 1927
1923
Walkscore
AVG 91
90
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover