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
$1,099,000
  • 12 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrew mcallister
Office: exp realty of greater l.a
MLS#:RS26069251
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,099,000

About this home

Motivated Seller - $50K Price Reduction - 5.55% Current Cap Rate & 9.44% Pro Forma Cap Rate - 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. 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...

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Home facts

  • Listing ID #:RS26069251
  • Added:117 day(s) ago
  • Updated:August 11, 2026 at 02:07 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:5

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$1,099,000
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