Koreatown Quadruplex with Upside Potential | 3014 W 12th St
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Koreatown Quadruplex with Upside Potential 3014 W 12th St
4 Unit Apartment Building $1,195,000 ($298,750/Unit) Los Angeles, CA 90006
Investment Highlights
- 4-Unit Multi-Family Apartment for Sale
- Potential Development Opportunity
- Upside Potential! Under Market Rents
- Located in the Heart of Koreatown
Executive Summary
Quadruplex near Galleria Market, Seoul International Park and Normandie Park. Just minutes from DTLA and USC. Upside potential due to under market rents. Future development opportunity. 2 separate buildings with onsite parking. All month-to-month tenants. Front building consists of two 3-bedroom/1.5 bath units; rear building consists of two 1-bedroom/1-bath units upstairs and downstairs. Separate electric and gas meters. Property being sold in "as-is" condition.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$41,533
|
$9.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$41,533
|
$9.82
|
| Taxes |
$18,750
|
$4.43
|
| Operating Expenses |
$2,641
|
$0.62
|
| Total Expenses |
$21,391
|
$5.06
|
| Net Operating Income |
$20,142
|
$4.76
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $41,533 |
| Annual Per SF | $9.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $41,533 |
| Annual Per SF | $9.82 |
| Taxes | |
|---|---|
| Annual | $18,750 |
| Annual Per SF | $4.43 |
| Operating Expenses | |
|---|---|
| Annual | $2,641 |
| Annual Per SF | $0.62 |
| Total Expenses | |
|---|---|
| Annual | $21,391 |
| Annual Per SF | $5.06 |
| Net Operating Income | |
|---|---|
| Annual | $20,142 |
| Annual Per SF | $4.76 |
Property Facts
| Price | $1,195,000 | Building Class | C |
| Price Per Unit | $298,750 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,230 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1923 |
| Apartment Style | Low Rise | Parking Ratio | 0.95/1,000 SF |
| Price | $1,195,000 |
| Price Per Unit | $298,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,230 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.95/1,000 SF |
About 3014 W 12th St , Los Angeles, CA 90006
Koreatown quadruplex for sale: Two 1-bedroom/1-bath units and two 3-bedroom/1.5 bath units. Current actual $20,142 annual net operating income. Excellent upside! Under market rents. Potential development site. Located one block east of Western Ave and two blocks north of Pico Blvd. Zoned LA R4. Built 1923. Asking $298,750 per unit.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 2 | - | - |
| 1+1 | 2 | - | - |
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Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 5080-011-024 | Total Assessment | $1,071,769 |
| Land Assessment | $750,240 | Annual Taxes | $18,750 ($4.43/SF) |
| Improvements Assessment | $321,529 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5080-011-024
Land Assessment
$750,240
Improvements Assessment
$321,529
Total Assessment
$1,071,769
Annual Taxes
$18,750 ($4.43/SF)
Tax Year
2024
zoning
| Zoning Code | LAR4 (Multiple Dwelling) |
| LAR4 (Multiple Dwelling) |
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Koreatown Quadruplex with Upside Potential | 3014 W 12th St
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