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    2942 W 12th Street

    Los Angeles, CA 90006
    • $1,495,000
    • STATUS: ACTIVE
    • ON SITE: 66 days
    • ID#: 302966222
    UPDATED: 75 min ago
    $1,495,000
    • 12
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    INCREDIBLE opportunity for an owner occupant or developer. Massive 5,020 square foot triplex on a prime corner lot in Koreatown. The property is comprised of (1) large stand-alone two-story 5BD/2BA house (delivered vacant), (1) 3BD/1BA and (1) 4BD/2BA occupied by long term tenants on month to month leases. The 5BD/2BA house has modestly updated bathrooms and kitchen, washer/dryer and many charming original details. In addition, a previous inspection reported mainly copper plumbing throughout the property. INCREDIBLE opportunity for an owner occupant or developer. Massive 5,020 square foot triplex on a prime corner lot in Koreatown. The property is comprised of (1) large stand-alone two-story 5BD/2BA house (delivered vacant), (1) 3BD/1BA and (1) 4BD/2BA occupied by long term tenants on month to month leases. The 5BD/2BA house has modestly updated bathrooms and kitchen, washer/dryer and many charming original details. In addition, a previous inspection reported mainly copper plumbing throughout the property. This is an rare opportunity to purchase a value add Triplex in the heart of Los Angeles with over 50% upside in rents and future development potential. The property is zoned R-3 (medium density residential) and is located in a Tier 2 TOC density bonus area.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.yournextcalihome.com/homes/111939449
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    2942 W 12th Street Los Angeles, CA 90006

    • Price: $1,495,000
    • Status: ACTIVE
    • Updated: 75 min ago
    • ID#: 302966222
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    Los Angeles (90006)
    County:
    Los Angeles
    Area:
    Los Angeles (90006)
    Property Description
    INCREDIBLE opportunity for an owner occupant or developer. Massive 5,020 square foot triplex on a prime corner lot in Koreatown. The property is comprised of (1) large stand-alone two-story 5BD/2BA house (delivered vacant), (1) 3BD/1BA and (1) 4BD/2BA occupied by long term tenants on month to month leases. The 5BD/2BA house has modestly updated bathrooms and kitchen, washer/dryer and many charming original details. In addition, a previous inspection reported mainly copper plumbing throughout the property. INCREDIBLE opportunity for an owner occupant or developer. Massive 5,020 square foot triplex on a prime corner lot in Koreatown. The property is comprised of (1) large stand-alone two-story 5BD/2BA house (delivered vacant), (1) 3BD/1BA and (1) 4BD/2BA occupied by long term tenants on month to month leases. The 5BD/2BA house has modestly updated bathrooms and kitchen, washer/dryer and many charming original details. In addition, a previous inspection reported mainly copper plumbing throughout the property. This is an rare opportunity to purchase a value add Triplex in the heart of Los Angeles with over 50% upside in rents and future development potential. The property is zoned R-3 (medium density residential) and is located in a Tier 2 TOC density bonus area.
    Exterior Features

    Pool N/K Roof Composition Site Corner LotCurbsSidewalks Spa N/K

    Interior Features

    Cooling N/K Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 2

    Property Features

    Annual Expense Actual 30099 Buildings 2 Gross Scheduled Income Actual 87144 Home Owners Fees 0.0 Tenant Pays TrashElectricityGas/Propane Terms CashConventionalExchangeFha Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 0.0 Unit2 Rent Actual 1144.0 Unit3 Rent Actual 1618.0 Zoning Assessor

    Listing provided courtesy of Nationwide Real Estate Execs. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    The Legacy Real Estate Team
    10620 Treena St, Suite 230
    San Diego CA, 92131