Multi-Family for sale in Southern California — $1,295,000. 9 beds · 6 baths · 4,032 sqft. 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…
$1,295,000
2300 W 12th Street, Los Angeles, CA 90006
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 $120,240 and 6.8% 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.
Listing updated: June 30, 2026 at 12:57 PM
Listed by: Roy Kwak, Sunnyside Group
Source: CRMLS, MLS#: 26681233, Originating MLS: California Regional MLS
Explore parks, streets, and what's around this home.
| Date | Event | Price |
|---|---|---|
6/05/2026 Source: CRMLS, #26681233 | Price change | $1,295,000$321/sqft+3.6% |
| 4/08/2026Source: CRMLS, #26681233 | Listed for sale | $1,250,000$310/sqft |
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