USACALos Angeles2942 W 12Th
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$1,150,000

For Sale

20 hours ago

2942 W 12Th, Los Angeles, CA

House

MLS® RS26069251

0 Bed

0 Bath

--

1 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 0
Lot Size 
Approx. Age 1905
MLS® Number RS26069251

Property Address: 2942 W 12th, Los Angeles, CA, 90006

Average square foot calculated using Size range provided by listing agent.

Description

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 benefits from LAR3 zoning and Tier 2 TOC eligibility, creating longer term redevelopment and density bonus potential in one of Los Angeles’ most transit-oriented rental markets. Offered at an attractive price per square foot in a high demand location near Koreatown, Downtown LA, Metro access, and major employment hubs, this is a rare opportunity for investors seeking both current income upside and future development optionality
MLS® NumberRS26069251
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1905
Basement
DrivewayDoor Single, Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 15, 2026List Date
$1,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
2942 W 12Th, Los Angeles, CA

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