2375 12th St Los Angeles, CA 90006-3585
Property profile & analytics
2375 12th St Los Angeles, CA 90006-3585
- Apartment buildings
- 12,306 SF
- 0.32 lot acres
Property ID
US09-7274412
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 2375 12th St
- Year built
- 1923
- Construction
- WOOD
- Lot size
- 0.32 lot acres
- Property size
- 12,306 SF
- Zone code
- LAR4
- Property type
- Apartment buildings
- APN
- 5076-012-009
- APU
- 5076012009
Description
This 11-unit apartment building presents a compelling value-add opportunity in Los Angeles' Koreatown, bordering Downtown. The property, built in 1923, boasts 12,306 square feet across two stories and sits on a substantial 13,999 square foot corner lot. The unit mix includes one studio, six one-bedroom/one-bathroom units, and four two-bedroom/one-bathroom units. Current occupancy is at 100%, generating a Net Operating Income (NOI) of $86,778, with a current cap rate of 3.40%. However, with current rents significantly below market value (over 70% below), a pro-forma NOI of $217,024 and a pro-forma cap rate of 8.51% are projected. The property includes on-site laundry and parking garages. The R4 zoning and location within a Transit Priority Area offer redevelopment potential. Its prime location provides easy access to major freeways (110 and 10), public transportation, and numerous amenities. The asking price is $2,550,000 ($231,818 per unit and $207.22 per square foot). The potential for adding accessory dwelling units (ADUs) offers further income growth, subject to buyer verification and city approvals. This presents a strong investment opportunity in a high-demand area with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,825,000
- ML approach
- $1,805,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,770,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.287
- Latitude
- 34.0493
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$28,752
$1,560,600
$676,260
$2,236,860
-
$0.00
$0.00
$0.00
