2375-2379 W 12th St - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,999,999 USD
310-729-5327
2375-2379 W 12th St, Los Angeles, CA for Sale
$1,999,999 USD
Apartments - FOR SALE
1/6
null | 4.25% Cap Rate

2375-2379 W 12th St
Los Angeles, CA 90006
Harvard Heights


OVERVIEW

Partners CRE is pleased to present for sale an 11-unit courtyard property about a mile from LA Live, Ritz Carlton, Convention Center and the Crypto Arena. This classic Spanish Colonial style building showcases timeless architectural appeal, featuring a striking symmetrical facade, red clay tile roof, arched entryway, and a beautifully landscaped central courtyard that creates a welcoming and private setting for residents. The property offers a well-balanced unit mix with strong in-place income and enormous upside in rents. Investors will appreciate the consistent rental demand driven by the property's central location, just minutes from Downtown Los Angeles, Koreatown, USC, and major employment hubs. Each unit benefits from abundant natural light, functional layouts, and the charm of period details that continue to attract long-term tenants. The gated courtyard design enhances both privacy and security, while the lush landscaping adds to the overall curb appeal and tenant experience. Priced at 11.7 GRM and 4.25 CAP Rate, this has both immediate cash flow and incredible upside in the future. Could benefit from SB1211 for new 8 ADUs

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$156 USD /SF

# OF UNITS

11

PRICE/UNIT

$181,818

CAP RATE

4.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,235 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5076-012-009

ASK ABOUT THIS PROPERTY

Chris ChasinKW Commercial Beverly HillsMore Info
310-729-5327

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Chris ChasinKW Commercial Beverly HillsMore Info
310-729-5327

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.