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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$1,250,000

Est. payment - /mo

9 Beds

6 Baths

4,032 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,032 sqft

Price per Sqft $310

MLS Listing ID 26681233

Bedrooms 9

HOA Y/N No

Year Built 1906

Lot Size 6,272 Sqft

Property Description

Discover a rare investment opportunity just minutes from Downtown LA's premier attractions: the LA Convention Center, Crypto.com Arena, USC, plus the vibrant dining and nightlife of Koreatown. Nestled in the bustling Mid-Wilshire district, this fully rented, six-unit asset delivers strong occupancy, steady cash flow and exciting upside potential. Key Highlights are Prime Corner Lot: 6,272 SF parcel at Hoover St. & 12th St., zoned LAR4 for future redevelopment, Spacious Living: 4,032 SF building across two stories, featuring: One 3 BR/2 BA unit, One 2 BR/1 BA unit, Two 1 BR/1 BA units, Two studio units. Ample Parking & ADU Potential: 10 dedicated spaces in rear lot with room to add an accessory dwelling unit. Effortless Connectivity with access to I-10, US-101 and I-110 freeways. Strong Financials: Current gross income of $119,976, 6.4% cap rate at a list price of $1,295,000 (incorporating the new property tax basis). All tenants are current on rent, ensuring uninterrupted cash flow from day one. Whether you're seeking a stable, income-producing asset or a development play in one of L.A.'s most sought-after neighborhoods, this investment offers the best of both worlds. Schedule your private tour today and seize the opportunity to own a vibrant piece of Los Angeles real estate.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Private, Uncovered

Roof Type Tile

Total Parking Spaces 10

Building

Faces East

Story 2

Entry Level Two

Sewer Other

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5076015023

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Financing Cash,Conventional,Private

Special Listing Condition Standard

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Listed by Roy Kwak Sunnyside Group #01815269

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

2300 W 12th ST Los Angeles, CA 90006

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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