2942 W 12th, Los Angeles, CA 90006

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
2942 W 12th,Los Angeles, CA 90006
$1,150,000
  • - Beds
  • - Baths
  • 5,020 sq. ft.
  • Multi-family
  • Active
Listed by: andrew mcallister
Office: exp realty of greater l.a888-652-1314
MLS#:RS26069251
Source:CRMLS

Price summary

  • Price:$1,150,000
  • Price per sq. ft.:$229.08

About this home

2942 W 12th Street, is an exceptionally located value-add triplex in the heart of Koreatown/Olympic Park consisting of a detached 5BD/2BA Craftsman house and a duplex with (1) 3BD/1BA unit and (1) 4BD/2BA unit, totaling approximately 5,020 rentable square feet on a 5,917 square foot LAR3 lot. The property offers a compelling investment profile with the two occupied units currently generating just $2,959/month combined at below-market rents, while the detached front house will be delivered vacant, providing immediate lease-up or owner-user flexibility. Current income is approximately $89,504 annually with the front unit rented and pro forma gross income projected at approximately $131,400. Representing over 50% upside in rents and a clear path to stronger in-place returns. The property also benefits from LAR3 zoning and Tier 2 TOC eligibility, creating longer term redevelopment and density bonus potential in one of Los Angeles’ most transit-oriented rental markets. Offered at an...

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Home facts

  • Year built:1905
  • Listing ID #:RS26069251
  • Added:22 day(s) ago
  • Updated:May 08, 2026 at 01:28 PM

Rooms and interior

  • Living area:5,020 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1905
  • Building area:5,020 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Corner Lot
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,150,000
  • Price per sq. ft.:$229.08

Features and amenities

  • Laundry features:Inside

Parking

  • Total parking spaces:1
  • Parking description:Door Single, Garage
  • Garage:Yes
  • Garage spaces:1
Based on information from California Regional Multiple Listing Service, Inc. as of May 8, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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