$2,350,000

2375 W 12th Street, Los Angeles, CA 90006

  • 12,306 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1923
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $191/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

2375 W 12th St | 11-Unit Multifamily at the Koreatown Westlake Border Built in 1923, the property consists of a well-balanced mix of (4) 2-bed/1-bath, (6) 1-bed/1-bath, and (1) studio unit, totaling 12,306 SF on a 13,999 SF LAR4 lot (~$167 land PSF). The building is fully occupied, producing $157,584 in annual income, with market rents supporting up to $275,490 annually a $117K+ upside. Priced at $2,350,000 (~$214K per unit / $191 per SF), the asset offers a 3.44% current cap rate and an 8.01% pro forma cap rate, with stable cash flow today and a clear path to higher returns. Six on-site parking spaces further strengthen tenant demand and revenue potential in a dense submarket where parking is limited. Property gets $450 per month from garages and $200 per month from Laundry.

Listing Status:
Active
Date Added:
September 29, 2025 at 05:00AM
Listing Office:
Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:
Taylor Avakian : 916-996-4421
MLS ID:
CL25600503
  • A/C: None
  • Heating: None
  • County: Los Angeles
  • Zoning: LAR45076012009

This listing courtesy of Taylor Avakian, Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Politi Elementary School

2481 W 11th St, Los Angeles, CA, 90006

Grades KG-5

0.12 miles away

B

Berendo Middle School

1157 S Berendo St, Los Angeles, CA, 90006

Grades 6-8

0.38 miles away

W

West Adams Preparatory High School

1500 W Washington Blvd, Los Angeles, CA, 90007

Grades 9-12

0.69 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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