2375 W 12th St 11 Unit Apartment Building $2,350,000 ($213,636/Unit) 3.44% Cap Rate Los Angeles, CA 90006

This value-add opportunity consists of 11 multifamily units, providing investors with stable in-place income and meaningful upside through rent growth, interior renovations, and operational improvements. The property offers a balanced mix of (4) two-bedrooms, (6) one-bedrooms, and (1) studio, appealing to a wide tenant base and helping mitigate vacancy risk.
With LAR4 zoning on a 13,999 SF lot, the property holds long-term potential for redevelopment or expansion strategies, while immediate upside exists through RUBS implementation, laundry income, and parking monetization. Currently generating $157,584 annually versus market rent potential of $275,490, investors can unlock more than $117K in additional income by repositioning units to market levels.
SELLER CARRY AVAILABLE
Located at the Koreatown–Westlake border, the property benefits from strong renter demand driven by proximity to Downtown Los Angeles, Wilshire Boulevard, and two Metro Red & Purple Line stations. The neighborhood’s cultural vibrancy, 24-hour dining, and walkability ensure consistent tenant interest and long-term occupancy stability.
For investors, 2375 W 12th St represents an immediate opportunity to capture value by bridging the gap between current and market rents. At an asking price of $2,350,000 (~$214K per unit / $191 per SF), the asset delivers a 3.44% in-place cap rate and a pro forma cap rate of 8.01%, making it a compelling option for those seeking both day-one income and long-term appreciation in one of Los Angeles’s most dynamic rental markets.