3014 12Th St Los Angeles, CA 90006
Property Features for 3014 12Th St
General Information
- Property type
- Multifamily properties
- Square Feet
- 4,230 SF
Building Details
- Year Built
- 1923
- Units
- 4
Listing Agency: Major Properties Listing Agent: Ron Kim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional multifamily investment opportunity presents a four-unit apartment building located at 3014 W 12th St, Los Angeles, CA 90006. The property boasts a total of 4,230 square feet situated on a 6,200 square foot lot. Built in 1923, the building comprises two one-bedroom, one-bathroom units and two three-bedroom, one-and-a-half-bathroom units. Currently generating a net operating income of $20,142 annually, this property offers significant upside potential due to below-market rents. The property is zoned LA R4, presenting potential for future development. Its convenient location, just one block east of Western Avenue and two blocks north of Pico Boulevard, adds to its appeal. The asking price is $1,195,000, or $298,750 per unit. The Assessor's Parcel Number is 5080-011-024. This is a rare chance to acquire a well-located, income-producing property with substantial growth potential in a thriving Los Angeles neighborhood. The property's strong cash flow and development potential make it an attractive investment for both seasoned and new investors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.3068083
- Latitude
- 34.0488603
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FAQs
What type of property is this?
Multifamily property - Four-unit building, excellent ROI potential
Where is this multifamily property located?
The property is located at 3014 12Th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Fourplex with two 1 bed/1 bath and two 3 bed/1.5 bath units.; $20,142 annual net operating income.; Below-market rents offer significant rental upside.