858-525-5007

2375 12th, Los Angeles CA 90006 | $2,350,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 14003 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1923
  • MLS#: 25600503
  • Community: C17 - Mid-Wilshire

Listing provided courtesy of Taylor Avakian of Lyon Stahl Investment Real Estate, Inc.. Last updated 2025-11-09 09:11:34.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.32 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985