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3030 W 12th Place, Los Angeles, CA 90006

Los Angeles
Local realty services provided by:CENTURY 21 Village Realty
3030 W 12th Place,Los Angeles, CA 90006
$1,295,000
  • 0.16 Acres
  • Lots / Land
  • Active
Listed by: elijah shin
Office: dream realty & investments inc213-380-8949
MLS#:26639841
Source:CRMLS

Price summary

  • Price:$1,295,000

About this home

Shovel ready RTI for 17-unit development opportunity in a prime Los Angeles location of Koreatown. Gross rents can exceed 35k monthly. The property is currently improved with a fully vacant duplex and comes with approved plans for a (5) five-story, approximately 12,092-square-foot multi-unit residential building designed for efficiency, cost control, and long-term value. The project has been engineered to minimize construction costs without compromising quality. Features include on-grade parking to avoid expensive subterranean excavation, an exterior egress balcony that reduces interior corridor and wall requirements, and a wood-frame staircase in lieu of a steel system. Underground electrical service from the power pole eliminates the need for an on-site transformer, further streamlining development.Unlike many Los Angeles projects, this development requires only two affordable (ELI )Extremely low Income units, making it a rare and attractive option in today's market. The design also...

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Home facts

  • Listing ID #:26639841
  • Added:128 day(s) ago
  • Updated:May 27, 2026 at 10:44 AM

Structure and exterior

  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$1,295,000
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Village Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Village Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Andy Bencosme

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