3030 12th, Los Angeles CA 90006 | $1,289,000

Side-by-side 1,936 SF duplex on 7,010 SF of R4-1VL Tier 3 TOC land with significant redevelopment and expansion potential in the Heart of Koreatown. Delivered vacant, this property provides immediate income potential and long-term value with the possibility of adding 17 units by right, or 31 units with TOC incentives. Additionally, opportunities to build an ADU, a 4-plex, or pursue an Affordable Housing Project are all viable options. The existing duplex features two units, with one recently remodeled and move-in ready, and the other requiring some TLC. Classic period details such as wood floors and built-ins add charm and character to the units. The property includes two one-car garages with a screened-off area attached to each, offering convenient parking in the rear. Located just steps from Pico Blvd. and Western Ave. A Walker's Paradise with easy access to some of the best restaurants, shops, markets, public transit, and nightlife that Koreatown offers. Enjoy quick access to The Original El Cholo, USC, Staples Center, and the 10 Freeway making this a prime location for future tenants.

More Details