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2942 W 12th St
Los Angeles, CA 90006
Prime Koreatown Development Opportunity · Multifamily Property For Sale
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3 Units
Investment Highlights
- Massive Triplex With Over 5000 square feet of living space - Priced at $269/SF
- Vibrant Koreatown Location – 93 Walk Score
- Future Development Opportunity - Zoned R-3 and in a Tier 2 TOC area (Density Bonus)
- 5BD/2BA House Delivered Vacant
- Value Add Opportunity - Over 50% Upside in Rents
- 7.54% Pro Forma Cap Rate
Property Facts
| No. Units | 3 | Building Size | 5,020 SF |
| Property Type | Multifamily | Average Occupancy | 66% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | Parking Ratio | 0.2/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | LAR3 - Medium Density Residential + Tier 2 TOC Area | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,020 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 0.2/1,000 SF |
| Zoning | LAR3 - Medium Density Residential + Tier 2 TOC Area |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Hardwood Floors
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 1 | $4,500 | - |
| 3+2 | 1 | $1,144 | - |
| 4+2 | 1 | $1,618 | - |
Property Taxes
| Parcel Number | 5080-020-001 | Improvements Assessment | $339,072 |
| Land Assessment | $1,137,827 | Total Assessment | $1,476,899 |
Property Taxes
Parcel Number
5080-020-001
Land Assessment
$1,137,827
Improvements Assessment
$339,072
Total Assessment
$1,476,899
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