2942 W 12th
Los Angeles, CA 90006
12
Bed
5
Bath
5,020Sqft
5,919Sqft(Lot)
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. Representing over 50% upside in rents and a clear path to stronger in-place returns. The property also
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Fireplace: None -
Cooling Features
None Air ConditioningHeating Source
Wall Furnace Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1905 Building Area Total: 5,020 -
Pool Features
NoneLaundry Features
Inside
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1359 -
Lot Size Source: Assessor Lot Size Square Feet: 5919
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Listing Price Information
Original List Price: 1,150,000 Listing Contract Date: 2026-03-18 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5080020001
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Garage and Parking
Garage Description: Door-Single,GarageHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: KREA - Koreatown Directions: Corner of 12th and Harvard Zoning: LAR3 Source Property Type: Residential Income Area: KREA - Koreatown Property SubType: Triplex -
Building and Construction
Property Age: 121 Common Walls: No Common Walls Structure Type: Triplex Year Built Source: Assessor Entry Level: 2 Entry Location: 2nd Levels or Stories: Two Building Total Stories: 2
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 | $1,699,000 | 4 | 2 | 3,524 | 3,524 SqFt |
| 1867 W 11th, Los Angeles, CA, 90006 | $1,625,000 | 11 | 8 | 6,630 | 6,630 SqFt |
| 1845 W 12th, Los Angeles, CA, 90006 | $1,249,000 | 8 | 5 | 4,258 | 4,258 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 | $750,000 | 1 | 2 | 2,654 | 2,654 SqFt |
| 2006 W 12th Street, Los Angeles, CA, 90006 | $850,000 | 4 | 3 | 2,166 | 2,166 SqFt |
| 1211 Elden Ave., Los Angeles, CA, 90006 | $1,500,000 | 7 | 5 | 3,347 | 3,347 SqFt |
| 1741 S S New England, Los Angeles, CA, 90006 | $950,000 | 7 | 5 | 1,904 | 1,904 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 |
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Nearby For Sale
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ByOwner last updated this listing 06/13/2026 @ 06:33
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