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3030 W 12th Place, Los Angeles, CA 90006

$1,190,000 Approx. USD 2 beds, 2 baths
1,936 sqft

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Photo of Ed Solorzano

Marketed By Ed Solorzano REALTOR® - Sales Associate 310-990-6252 m
310-777-2863 o
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

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Listing Agent

Arthur Yoon | arthur@arthuryoon.com
Lic#: 01955545
Broker: Courtesy of Redpoint Realty
Phone: 213-800-2969

Co Listing Agent

Sukyoung Lee | LSK0310@Gmail.com
Lic#: 01891854
Broker: Courtesy of Redpoint Realty
Phone: 213-265-6694

Agent Remarks

Prime Koreatown development opportunity delivered fully vacant! Situated on a 7,013 SF R4-1VL lot, 3030 W 12th Pl offers exceptional redevelopment potential in one of Los Angeles' most active multifamily corridors. A new owner may build up to 49 units via the Affordable Housing Incentive Program (100% affordable) which makes the most sense for the location and the tax incentive. This parcel allows 17 units by-right under the current RSO but the 1VL caps the by-right height at 45ft. The property currently features a side-by-side 1,936 SF duplex with one remodeled unit and one unit ready for value-add improvements. Existing details include original wood floors and built-ins, along with two one-car garages located at the rear of the property. Also available are approved RTI (Shovel-Ready) approved plans for a 5-story, 17-unit multi-family building spanning 12,092 SF. The project has been brilliantly engineered for maximum ROI and cost efficiency: features on-grade surface parking (zero subterranean excavation), exterior egress balconies, and underground electric designed to bypass the need for an expensive transformer with only 2 ELI units. Centrally located near Pico Blvd and Western Ave, this property sits in a highly walkable neighborhood surrounded by restaurants, markets, nightlife, and public transportation. Convenient access to USC, Crypto.com Arena, DTLA, and the 10 Freeway makes this an ideal opportunity for developers, investors, and long-term land holders alike. Pls inquire for the RTI plan and/or site sturdy with the latest density incentives.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26843211

Price: $1,190,000

Beds: 2

Baths: 2

Built in 1922

1,936 sqft

1 story

0.16 acres

Lot size: 0.1610

County: Los Angeles

Zoning: LAR4

Appliances: Dishwasher,Disposal,Microwave

Parking description: Door-Multi,Driveway,Garage

Heating/cooling: Wall/Window Unit(s)

Heating description: Wall Furnace

MLS area: C17 - Mid-Wilshire

Last Updated: 6/14/2026

Days On Market (DOM): 8

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.047928, -118.307132.
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Previous Listing

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
Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212