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2375-2379 W 12th St
Los Angeles, CA 90006
Seller-Carry K-Town | 8.5% CAP on Market Rent · Multifamily Property For Sale
·
11 Units
Investment Highlights
- Prime Koreatown location, bordering Downtown Los Angeles, offering strong demand and rental growth potential
- Significant rental upside with current rents over 70% below market, providing a potential Pro Forma CAP rate of over 8.5%
- Opportunity for further income growth through the addition of ADUs, subject to buyer verification
- 11 desirable large size units including one studio, six 1-bedroom units, and four 2-bedroom units
- Situated on a large 13,999 square foot corner lot with on-site laundry and parking garages
- R4-01 zoning and location within a Transit Priority Area present strong redevelopment potential
Property Facts
| No. Units | 11 | Building Size | 12,834 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 0.49/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | R4-2, Los Angeles - restricted Density Multiple Dwelling | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 12,834 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.49/1,000 SF |
| Zoning | R4-2, Los Angeles - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 780 |
| 1+1 | 6 | - | 1,075 |
| 2+1 | 4 | - | 1,269 |
Property Taxes
| Parcel Number | 5076-012-009 | Improvements Assessment | $689,785 |
| Land Assessment | $1,591,812 | Total Assessment | $2,281,597 |
Property Taxes
Parcel Number
5076-012-009
Land Assessment
$1,591,812
Improvements Assessment
$689,785
Total Assessment
$2,281,597
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