Property Detail

Description

3020 W. 12th Street is a twelve-unit multifamily property located in a highly desirable area adjacent to Koreatown in Los Angeles. The building features twelve (12) one-bedroom, one-bathroom units situated on a large 13,193 square-foot lot with R4 zoning. Seven (7) of the units will be delivered vacant at closing, providing immediate potential for renovation and lease-up at market rents. The property also presents the possibility for additional income through the development of up to two (2) accessory dwelling units (ADUs); buyers are advised to verify all development potential and requirements with the City of Los Angeles. Positioned in the Mid-Wilshire submarket, the property offers convenient access to major employment centers, public transportation, and popular retail, dining, and entertainment destinations in Koreatown and Downtown Los Angeles.