Discover a rare investment opportunity just minutes from Downtown LA's premier attractions: the LA Convention Center, Crypto.com Arena, USC, plus the vibrant dining and nightlife of Koreatown. Nestled in the bustling Mid-Wilshire district, this fully rented, six-unit asset delivers strong occupancy, steady cash flow and exciting upside potential. Key Highlights are Prime Corner Lot: 6,272 SF parcel at Hoover St. & 12th St., zoned LAR4 for future redevelopment, Spacious Living: 4,032 SF building across two stories, featuring: One 3 BR/2 BA unit, One 2 BR/1 BA unit, Two 1 BR/1 BA units, Two studio units. Ample Parking & ADU Potential: 10 dedicated spaces in rear lot with room to add an accessory dwelling unit. Effortless Connectivity with access to I-10, US-101 and I-110 freeways. Strong Financials: Current gross income of $116,184 , 6.5% cap rate at a list price of $1,295,000 (incorporating the new property tax basis). All tenants are current on rent, ensuring uninterrupted cash flow from day one. Whether you're seeking a stable, income-producing asset or a development play in one of L.A.'s most sought-after neighborhoods, this investment offers the best of both worlds. Schedule your private tour today and seize the opportunity to own a vibrant piece of Los Angeles real estate.
Listed by Roy Kwak
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License #01815269
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Sunnyside Group
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213-388-5000
Last updated October 04, 2025
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Source: CRMLS #25597289
Listing Facts
TypeMulti-family
NeighborhoodPico Union
Bedrooms9
Days on Prevu27
Size4,032 sqft
Price per sqft$321
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/18/2025
Status changed to Active
$1,295,000
10/17/2025
Status changed to Removed from Feed
$1,295,000
09/25/2025
Listed by Sunnyside Group
$1,295,000
Property Details for 2300 W 12th Street
Exterior
Construction
Number Of Units Total: 6
Roof: Tile
Stories: 2
Stories Total: 2
Year Built: 1906
Features
Direction Faces: East
Measurements
Building Area Total: 4,032
Lot Size Acres: 0.14
Lot Size Area: 6,274
Lot Size Square Feet: 6,274
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.5
Gross Income: $116,280.00
Taxes
Parcel Number: 5076015023
Interior
Measurements
Living Area: 4,032
Rooms
Bathrooms Total Integer: 6
Bedrooms Total: 9
Parking
Parking
Open Parking Spaces: 10
Parking Features: Private, Uncovered
Parking Total: 10
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Has Cooling: Yes
Sewer: Other
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.