2942 W 12th ST, Los Angeles, CA 90006 - MLS#RS20238482 - Kristina Kaminski

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Kristina Kaminski

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2942 W 12th STLos Angeles, CA 90006ActiveSave

1395000

12BD

5BA

5020SqFt

UPDATED

Key Details

Property Type Residential Income

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,020 sqft

Price per Sqft $277

Lot Size 5,915 Sqft

Year Built 1905

MLS Listing ID RS20238482

Bedrooms 12

Total Units 3

HOA Y/N No

Property Description

$100K Price Reduction - 7.26% Pro Forma Cap Rate! 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.

Location

State CA

County Los Angeles

Area Krea - Koreatown

Zoning LAR3

Interior

Interior Features Built-in Features,Cathedral Ceiling(s)

Laundry Inside

Cooling None

Flooring Laminate,Tile,Wood

Exterior

Garage Spaces 1.0

Pool None

Community Features Curbs,Sidewalks,Street Lights,Urban

Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

Roof Type Composition,Flat,Shingle

Building

Lot Description Corner Lot,Level

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Special Sale Standard

Unit 1

Beds 5

Baths 2

Furnished Unfurnished

Unit 2

Beds 3

Baths 1

Furnished Unfurnished

Unit 3

Beds 4

Baths 2

Garages 1

Furnished Unfurnished

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Listing provided by Andrew McAllister (01946829) of Nationwide Real Estate Execs

Nearby School & Properties

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PROPERTY HISTORY

Date Event Price Source

Marketing Trends

Average Sales Price
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2. 1+
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6. 5+
beds
1. All
2. 1+
3. 2+
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6. 5+

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Kristina Kaminski

Realtor Associate |License ID: 01296515

818-789-9900

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Kristina Kaminski

818-789-9900

kristina@luxeestatesla.com

Beverly Hills • La Cañada/Glendale • Sherman Oaks/Studio City

Based on information from California Regional Multiply Listing Service, Inc. as of 2021 and/or other resource. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.