2942 W 12th
Los Angeles, CA 90006
12
Bed
5
Bath
5,020Sqft
5,919Sqft(Lot)
Motivated Seller - $50K Price Reduction - 5.55% Current Cap Rate & 9.44% Pro Forma Cap Rate - 2942 W 12th Street, is an exceptionally located value-add triplex in the heart of Koreatown/Olympic Park consisting of a detached 5BD/2BA Craftsman house and a duplex with (1) 3BD/1BA unit and (1) 4BD/2BA unit, totaling approximately 5,020 rentable square feet on a 5,917 square foot LAR3 lot. The property offers a compelling investment profile with the two occupied units currently generating just $2,959/month combined at below-market rents, while the detached front house will be delivered vacant, providing immediate lease-up or owner-user flexibility. Current income is approximately $89,504 annually with the front unit rented and pro forma gross income projected at approximately $131,400. Represen
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Cooling: None
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Building Information
Year Built: 1905Building Area Total: 5020Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 5919 Lot Size Acres: 0.1359 Lot Size Source: Assessor Lot Size Square Feet: 5,919 Lot Description: Corner Lot
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Listing Price Information
Listing Price: $1099000Original Price: $1150000Cash, Cash to New Loan, Conventional, FHA, Fannie Mae
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Tax Information
Parcel Number: 5080020001 Tax Lot: 1 Tax Block: 40
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Virtual Tour
Parking Information
Parking Total: 1 Door-Single, GarageGarage Information
Has Garage: Yes Garage Space: 1
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Utility Information
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: Corner of 12th and Harvard WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1037 S Bonnie Brae, Los Angeles, CA, 90006 | $1,525,000 | 4 | 2 | 3,524 | 3,524 SqFt |
| 1867 W 11th, Los Angeles, CA, 90006 | $1,625,000 | 11 | 8 | 6,630 | 6,630 SqFt |
| 1230 S Bonnie Brae, Los Angeles, CA, 90006 | $1,049,000 | 13 | -- | 5,426 | 5,426 SqFt |
| 1153 S Westlake, Los Angeles, CA, 90006 | $699,900 | 1 | 2 | -- | |
| 2006 W 12th Street, Los Angeles, CA, 90006 | $850,000 | 4 | 3 | 2,166 | 2,166 SqFt |
| 1425 W 18th St. #4, Los Angeles, CA, 90006 | $1,299,000 | 4 | 4 | 3,192 | 3,192 SqFt |
| 1211 Elden Ave., Los Angeles, CA, 90006 | $1,500,000 | 7 | 5 | 3,347 | 3,347 SqFt |
| 1757 S New England, Los Angeles, CA, 90006 | $1,050,000 | 4 | 3 | 2,147 | 2,147 SqFt |
| 1724 Menlo Avenue, Los Angeles, CA, 90006 | $2,900,000 | 15 | 16 | 7,300 | 7,300 SqFt |
| 1334 S Berendo Street, Los Angeles, CA, 90006 | $1,388,888 | 7 | 4.5 | 2,623 | 2,623 SqFt |
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ByOwner last updated this listing 07/28/2026 @ 14:41
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