CA > Los Angeles
Los Angeles, CA 90006,2300 W 12th St
Los Angeles, CA 90006,2300 W 12th St
Los Angeles, CA 90006,2300 W 12th St
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John Matukas

John Matukas

+1(323) 377-4961
$1,375,000
Est. payment /mo
9 Beds
6 Baths
4,032 SqFt
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UPDATED:

11/09/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,032 sqft

Price per Sqft $341

MLS Listing ID 24-453971

Bedrooms 9

Year Built 1906

Lot Size 6,274 Sqft

Acres 0.144

Property Description

We are pleased to present this great investment income property in the heart of Los Angeles nearby Downtown LA (LA Convention Center, Crypto.com Arena, USC) and Korea-Town (bars, restaurants, and cafes). The Mid-Wilshire area is a highly dense neighborhood with high occupancy rates. The property has 6-Units and is Zoned LAR4 for future development potential on the corner of Hoover St. and 12th St. All tenants are current on rent. This 2-story apartment is an expansive 4,032 SF on a 6,272 SF lot with 10 parking spaces. Units consist of one 3 beds and 2 baths unit, one 2 beds and 1 bath unit, two 1 bed and 1 bath units, and two studio units. Easy access to the 10, 101, and 110 freeways. The cap rate of 5.9% is based on current gross income ($114,300) and expenses with the new property tax amount at the asking price of $1,375,000.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Other

Cooling Wall/Window

Equipment Other

Exterior

Garage Uncovered, Private

Garage Spaces 10.0

Roof Type Tile

Building

Story 2

Sewer In Street

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Sunnyside Group

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John Matukas

+1(323) 377-4961

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