We are pleased to exclusively present 2375 W 12th Street, an 11-Unit multi-family apartment located in the Koreatown neighborhood of Los Angeles California, bordering Downtown. This value-add investment opportunity offers significant upside potential in a prime Southern California rental market. Constructed in 1923, the two-story building comprises a mix of spacious units, including one studio, six one-bedroom/one-bath units, and four two-bedroom/one-bath units, totaling 12,306 rentable square feet. The property sits on a prominent 13,999 square foot corner lot and includes key amenities such as an on-site laundry facility and parking garages. With current rents over 70% below market value, this property provides investors with a significant opportunity to increase rental income. The potential to achieve a Pro Forma CAP rate of over 8.5% makes this asset particularly attractive. Additional income growth may also be realized through the potential addition of accessory dwelling units (ADUs), subject to buyer verification and city approval. Strategically located just minutes from Downtown Los Angeles and the heart of Koreatown, the property enjoys proximity to major business districts, popular retail outlets, restaurants, and grocery stores. It also benefits from excellent connectivity, with quick access to the 110 and 10 freeways and several public transportation options within Koreatown. The property is further distinguished by its R4-01 zoning and designation within a Transit Priority Area, making it an ideal candidate for redevelopment. This presents an exciting opportunity for long-term investors looking to maximize returns in one of Los Angeles' most vibrant and high-demand areas.
Property Details
Property Features
Property Information:
Year Built: 1923
Stories: 2
Living Area: 12,306 SqFt
Listing Office:
Office Name: Colliers International Greater Los Angel
Office Phone: (949) 724-5500
Listing Agent: Edward Pan
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 10
Exterior Features
Parking Information:
Attached Garage: No
Parking: Driveway
Lot Features
Lot Information:
Lot Size: 0.32 Acres
Utilities
Utilities Information:
Heating: Forced Air
Other
Directions Information:
Directions: North east corner of W 12th St and Elden Ave
Price Information
Listing Price Info
Price Summary:
List Price: $2,550,000
Price Per SqFt: $207/SqFt
Tax Information:
Annual Amount: $6,320
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.5M more than the Median Sold Price and $434/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24457491
Listing Office:
Office Name: Colliers International Greater Los Angel
Office Phone: (949) 724-5500
Listing Agent: Edward Pan
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/22/2024, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 16, 2021
Jul 16, 2021Home Sold
$2,150,000
Dec 17, 1997
Dec 17, 1997Home Sold
$237,000
Dec 02, 1996
Dec 02, 1996Home Sold
$245,000
Dec 21, 1989
Dec 21, 1989Home Sold
$490,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$6,320
$383,664
2020
$6,171
$379,731
2019
$5,947
$372,287
2018
$5,806
$364,988
2017
$5,806
$357,833
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Politi Elementary School
2481 W 11th St
Distance between this listing and this school0.13 miles
Public District Grades KG-5
4
/10
Magnolia Avenue Elementary School
1626 Orchard Ave
Distance between this listing and this school0.41 miles
Public District Grades PK-5
7
/10
Hoover Street Elementary
2726 Francis Ave
Distance between this listing and this school0.52 miles
Public District Grades KG-5
Nearby Schools
4
/10
Berendo Middle School
1157 S Berendo St
Distance between this listing and this school0.38 miles
Public District Grades 6-8
2
/10
Monsenor Oscar Romero Charter Middle School
2670 W 11th St
Distance between this listing and this school0.39 miles
Public Charter Grades 6-8
5
/10
Equitas Academy #2
2723 W 8th St
Distance between this listing and this school0.62 miles
Public Charter Grades 5-8
Nearby Schools
6
/10
University Preparatory Value High School
1929 W Pico Blvd
Distance between this listing and this school0.41 miles
Public Charter Grades 9-12
3
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.68 miles
Public District Grades 9-12
4
/10
RFK Community Schools - New Open World Academy
3201 W 8th St
Distance between this listing and this school0.85 miles
The neighbors living near this home have an average income of $44,962. Typical income of Los Angeles, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2375 W 12th St
What is the listing price of this property?
The listing price of 2375 W 12th St property is $2,550,000.
What type of property is this?
The property 2375 W 12th St is a house located in Los Angeles, California, 90006.
Is this property for sale now?
Active Listing: 2375 W 12th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $6,320 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 16, 2021 for $2,150,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 2375 W 12th St has 10 bedrooms and 11 bathrooms.
What is the square footage of this property?
The property 2375 W 12th St is 12,306 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2375 W 12th St is 1923.
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This home is located at 2375 W 12th St in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 12,306 square foot home, which was built in 1923, sits on a 0.32 acre lot. Features: 10 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $2,550,000.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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