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  • 2942 W 12Th

2942 W 12th, Los Angeles, CA 90006

$1,099,000 Approx. USD 0 beds, 0 baths

Reduced by $51,000 on 6/16/2026
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Photo of Ed Solorzano

Ed Solorzano REALTOR® - Sales Associate 310-990-6252 m
310-777-2863 o
Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com Text Me
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Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295
 Beverly Hills 131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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Listing Agent


Andrew McAllister | drew@nrecommercial.com
Lic#: 01946829
Broker: Courtesy of eXp Realty of Greater L.A
Phone: 562-528-8105

Agent Remarks

Motivated Seller - $50K Price Reduction - 5.55% Current Cap Rate & 9.44% Pro Forma Cap Rate - 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. 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

Listing Details

Property type: Triplex (Multi-Family)
Status: Active
MLS# RS26069251
List price is $1,099,000 Reduced by $51,000 on 6/16/2026
Price: $1,099,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1905
2 stories
0.14 acres
Lot size: 0.1359
County: Los Angeles
Zoning: LAR3
Parking description: Door-Single,Garage
Lot description: Corner Lot
Heating/cooling: None
Heating description: Wall Furnace
MLS area: KREA - Koreatown

Last Updated: 6/16/2026

 Days On Market (DOM): 64

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This listing belongs to the KREA - Koreatown MLS area

Lat/Long: 34.048894, -118.304464.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Ed Solorzano

Ed Solorzano REALTOR® - Sales Associate 310-990-6252 m
310-777-2863 o
Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com
Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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