2375 W 12th Street,Los Angeles, CA 90006
Los Angeles, CA 90006
Description
Great architecture on sale! 11-unit courtyard property about a mile from LA Live, Ritz Carlton, Convention Center and the Crypto Arena. This classic Spanish Colonial style building showcases timeless architectural appeal, featuring a striking symmetrical facade, red clay tile roof, arched entryway, and a beautifully landscaped central courtyard that creates a welcoming and private setting for residents. The property is well maintained and offers a well-balanced unit mix with strong in-place income and enormous upside in rents. Investors will appreciate the consistent rental demand driven by the property's central location, just minutes from Downtown Los Angeles, Koreatown, USC, and major employment hubs. Each unit benefits from abundant natural light, functional layouts, and the charm of period details that continue to attract long-term tenants. The gated courtyard design enhances both privacy and security, while the lush landscaping adds to the overall curb appeal and tenant experience. Additional income from laundry and separately metered for Electric, and gas. Priced at 11.7 GRM and 4.25 CAP Rate, this has both immediate cash flow and incredible upside in the future. Could benefit from SB1211 for new 8 ADUs
Details
| MLS # | 26759433 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 123 |
| Listing Provided By | Keller Williams Beverly Hills | Lee Ziff |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 11 |
| SQ Feet | 12,306 |
| Story(s) | 1 |
| Units | 11 |
| Building(s) | 1 |
| Acreage | 0.32 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Dryer, Washer |
Parking
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $1,999,000 low | high Med: $1,435,000 sqft: 12,306 low | high Med: 2,629 $ / sqft: $162 low | high Med: $549 On site: 123 low | high Med: 103 | |
Market Activity 90006
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $1,999,000 low | high Med: $1,435,000 sqft: 12,306 low | high Med: 2,629 $ / sqft: $162 low | high Med: $549 On site: 123 low | high Med: 103 | |
