$1,295,000
 $6,952 est/mo Sourced by Back At You

2300 W 12th Street,Los Angeles, CA 90006

Los Angeles, CA 90006

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Description

Discover a rare investment opportunity just minutes from Downtown LA's premier attractions: the LA Convention Center, Crypto.com Arena, USC, plus the vibrant dining and nightlife of Koreatown. Nestled in the bustling Mid-Wilshire district, this fully rented, six-unit asset delivers strong occupancy, steady cash flow and exciting upside potential. Key Highlights are Prime Corner Lot: 6,272 SF parcel at Hoover St. & 12th St., zoned LAR4 for future redevelopment, Spacious Living: 4,032 SF building across two stories, featuring: One 3 BR/2 BA unit, One 2 BR/1 BA unit, Two 1 BR/1 BA units, Two studio units. Ample Parking & ADU Potential: 10 dedicated spaces in rear lot with room to add an accessory dwelling unit. Effortless Connectivity with access to I-10, US-101 and I-110 freeways. Strong Financials: Current gross income of $120,240 and 6.8% cap rate at a list price of $1,295,000 (incorporating the new property tax basis). All tenants are current on rent, ensuring uninterrupted cash flow from day one. Whether you're seeking a stable, income-producing asset or a development play in one of L.A.'s most sought-after neighborhoods, this investment offers the best of both worlds. Schedule your private tour today and seize the opportunity to own a vibrant piece of Los Angeles real estate.

Details

MLS #26681233
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1906
Days On Site113
Listing Provided BySunnyside Group | Roy Kwak

Features

Bed(s)9
Bath(s)6
SQ Feet4,032
Story(s)2
Units6
Building(s)1
ZoningLAR4
Acreage0.14

Interior

CoolingWall Window Units
Cooling Yes / NoYes

Exterior

RoofTile
Security FeaturesCarbon Monoxide Detectors, Smoke Detectors

Parking

Parking FeaturesPrivate, Uncovered

Utilities

SewerOther

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaC17 Mid Wilshire
Listing VS Median (in 90006)
Price:
$1,295,000
low | high
Med:
$1,425,000
39.96138996139% of Average
sqft:
4,032
low | high
Med:
4,663
34.362599206349% of Average
$ / sqft:
$321
low | high
Med:
$308
54.077706644801% of Average
On site:
113
low | high
Med:
111.5
100% of Average
Sourced by Back At You

Market Activity 90006

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Additional Information

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaC17 Mid Wilshire
Listing VS Median (in 90006)
Price:
$1,295,000
low | high
Med:
$1,425,000
39.96138996139% of Average
sqft:
4,032
low | high
Med:
4,663
34.362599206349% of Average
$ / sqft:
$321
low | high
Med:
$308
54.077706644801% of Average
On site:
113
low | high
Med:
111.5
100% of Average
Sourced by Back At You
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Price: $971K - $1.618M
sqft: 3,000 - 5,000
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Listing Updated: August 21, 2026 at 11:20:29 PM PDT