Los Angeles, CA 90006,2375 W 12th St
Los Angeles, CA 90006,2375 W 12th St
Los Angeles, CA 90006,2375 W 12th St
9
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$2,350,000
Est. payment /mo
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10 Beds
11 Baths
12,306 SqFt
Active

2375 W 12th St Los Angeles, CA 90006

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,306 sqft

Price per Sqft $190

MLS Listing ID 25600503

Bedrooms 10

Year Built 1923

Lot Size 0.321 Acres

Acres 0.3215

Property Sub-Type Multi-Family

Property Description

2375 W 12th St | 11-Unit Multifamily at the Koreatown Westlake Border Built in 1923, the property consists of a well-balanced mix of (4) 2-bed/1-bath, (6) 1-bed/1-bath, and (1) studio unit, totaling 12,306 SF on a 13,999 SF LAR4 lot (~$167 land PSF). The building is fully occupied, producing $157,584 in annual income, with market rents supporting up to $275,490 annually a $117K+ upside. Priced at $2,350,000 (~$214K per unit / $191 per SF), the asset offers a 3.44% current cap rate and an 8.01% pro forma cap rate, with stable cash flow today and a clear path to higher returns. Six on-site parking spaces further strengthen tenant demand and revenue potential in a dense submarket where parking is limited. Property gets $450 per month from garages and $200 per month from Laundry.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms Other

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Garage - 4+ Car, Garage Is Detached

Garage Spaces 6.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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Herman Singh

Herman Singh

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+1(718) 679-7822

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2375 W 12th St