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    3014 12Th St Los Angeles, CA 90006

    Sponsored
    For Sale
    $1,195,000

    Four-unit building, excellent ROI potential

    Property size:
    4,230 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    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 Features for 3014 12Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,230 SF

    Building Details

    Year Built
    1923
    Units
    4

    HighLights

    • 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.
    • Potential for future development.
    • One block east of Western Ave, two blocks north of Pico Blvd.
    • Zoned LA R4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    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.
    Request Owner's contact information
    3014 12Th St Los Angeles, CA 90006
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    Los Angeles, CA 90006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3014 12Th St Los Angeles, CA 90006
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