2375-2379 W 12th St - Apartments FOR SALE
Los Angeles, CA 90006 |
2375-2379 W 12th St
Los Angeles, CA 90006
HIGHLIGHTS
- Prime Koreatown location, bordering Downtown Los Angeles, offering strong demand and rental growth potential
- 11 desirable large size units including one studio, six 1-bedroom units, and four 2-bedroom units
- Significant rental upside with current rents over 70% below market, providing a potential Pro Forma CAP rate of over 8.5%
- Situated on a large 13,999 square foot corner lot with on-site laundry and parking garages
- Opportunity for further income growth through the addition of ADUs, subject to buyer verification
- R4-01 zoning and location within a Transit Priority Area present strong redevelopment potential
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Seller-Carry K-Town | 8.5% CAP on Market Rent
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
12834
STORIES
2
YEAR BUILT
1923
PARKING SPACES
6
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
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APN/PARCEL ID
5076-012-009
