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2942 12th, Los Angeles, CA 90006

Los Angeles
Local realty services provided by:CENTURY 21 Masters
2942 12th,Los Angeles, CA 90006
$1,099,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrew mcallister
Office: exp realty of greater l.a
MLS#:RS26069251
Source:MLSListings

Price summary

  • Price:$1,099,000

About this home

Motivated Seller - $50K Price Reduction - 5.55% Current Cap Rate & 9.44% Pro Forma Cap Rate - 2942 W 12th Street, is an exceptionally located value-add triplex in the heart of Koreatown/Olympic Park consisting of a detached 5BD/2BA Craftsman house and a duplex with (1) 3BD/1BA unit and (1) 4BD/2BA unit, totaling approximately 5,020 rentable square feet on a 5,917 square foot LAR3 lot. The property offers a compelling investment profile with the two occupied units currently generating just $2,959/month combined at below-market rents, while the detached front house will be delivered vacant, providing immediate lease-up or owner-user flexibility. Current income is approximately $89,504 annually with the front unit rented and pro forma gross income projected at approximately $131,400. Representing over 50% upside in rents. The property also benefits from LAR3 zoning and Tier 2 TOC eligibility, creating longer term redevelopment and density bonus potential in one of Los Angeles’ most...

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Home facts

  • Year built:1905
  • Listing ID #:RS26069251
  • Added:168 day(s) ago
  • Updated:September 28, 2026 at 04:28 PM

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1905
  • Lot area:0.14 Acres
  • Lot Features:Mid Block

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,099,000

Parking

  • Parking description:Garage
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