3030 W 12th Place, Los Angeles, CA 90006

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
3030 W 12th Place,Los Angeles, CA 90006
$1,295,000
  • 0.16 Acres
  • Lots / Land
  • Active
Listed by: elijah shin
Office: dream realty & investments inc213-380-8949
MLS#:26639841
Source:CRMLS

Price summary

  • Price:$1,295,000

About this home

Shovel ready RTI for 17-unit development opportunity in a prime Los Angeles location of Koreatown. Gross rents can exceed 35k monthly. The property is currently improved with a fully vacant duplex and comes with approved plans for a (5) five-story, approximately 12,092-square-foot multi-unit residential building designed for efficiency, cost control, and long-term value. The project has been engineered to minimize construction costs without compromising quality. Features include on-grade parking to avoid expensive subterranean excavation, an exterior egress balcony that reduces interior corridor and wall requirements, and a wood-frame staircase in lieu of a steel system. Underground electrical service from the power pole eliminates the need for an on-site transformer, further streamlining development.Unlike many Los Angeles projects, this development requires only two affordable (ELI )Extremely low Income units, making it a rare and attractive option in today's market. The design also...

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Home facts

  • Listing ID #:26639841
  • Added:104 day(s) ago
  • Updated:May 03, 2026 at 10:43 AM

Structure and exterior

  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$1,295,000
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