Home | Los Angeles County | Los Angeles | 90006 | 2942 W 12th
MLS: CRRS26069251 | Status: Active | Price: $1,150,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 5,919 | 1905 |
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
| Field | Value |
|---|---|
| MLS # | CRRS26069251 |
| MLS Source | California Regional MLS |
| Days on Site | 8 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage, Garage: 1 Car(s) |
| HOA Fee | $0 |
Andrew McAllister
eXp Realty of Greater L.A
License #: 01946829
Phone: (562) 528-8105
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 3 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2725 Obama | $1,150,000 | – | – | – | PendingDoNotShow |
| 519 N Alexandria | $1,150,000 | – | – | – | Contingent |
| 4533 Saturn | $1,169,000 | – | – | – | Active |
| 1032 S Westlake Ave | $1,100,000 | – | – | – | Active |
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This listing information is up-to-date as of April 16, 2026. For the most current information, please contact Andrew McAllister, (562) 528-8105.