2300 W 12th St Los Angeles, CA 90006
Pico-Union NeighborhoodEstimated payment $8,426/month
About This Home
Discover a rare investment opportunity just minutes from Downtown LA's premier attractions: the LA Convention Center, Crypto.com Arena, USC, plus the vibrant dining and nightlife of Koreatown. Nestled in the bustling Mid-Wilshire district, this fully rented, six-unit asset delivers strong occupancy, steady cash flow and exciting upside potential. Key Highlights are Prime Corner Lot: 6,272 SF parcel at Hoover St. & 12th St., zoned LAR4 for future redevelopment, Spacious Living: 4,032 SF building across two stories, featuring: One 3 BR/2 BA unit, One 2 BR/1 BA unit, Two 1 BR/1 BA units, Two studio units. Ample Parking & ADU Potential: 10 dedicated spaces in rear lot with room to add an accessory dwelling unit. Effortless Connectivity with access to I-10, US-101 and I-110 freeways. Strong Financials: Current gross income of $120,240 and 6.8% cap rate at a list price of $1,295,000 (incorporating the new property tax basis). All tenants are current on rent, ensuring uninterrupted cash flow from day one. Whether you're seeking a stable, income-producing asset or a development play in one of L.A.'s most sought-after neighborhoods, this investment offers the best of both worlds. Schedule your private tour today and seize the opportunity to own a vibrant piece of Los Angeles real estate.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Lot Details
- 6,274 Sq Ft Lot
- East Facing Home
- Corner Lot
Home Design
- Tile Roof
Interior Spaces
- 4,032 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Private Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Sewer in Street
Community Details
- 6 Units
- Rent Control
Listing and Financial Details
- Assessor Parcel Number 5076-015-023
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,182 | $1,350,000 | $950,000 | $400,000 |
| 2024 | $13,199 | $1,009,703 | $661,530 | $348,173 |
| 2023 | $12,962 | $989,906 | $648,559 | $341,347 |
| 2022 | $12,397 | $970,497 | $635,843 | $334,654 |
| 2021 | $12,234 | $951,469 | $623,376 | $328,093 |
| 2019 | $11,890 | $923,250 | $604,888 | $318,362 |
| 2018 | $11,748 | $905,148 | $593,028 | $312,120 |
| 2016 | $7,886 | $636,852 | $429,746 | $207,106 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/05/2026 06/05/26 | Price Changed | $1,295,000 | +3.6% | $321 / Sq Ft | |
| 05/19/2026 05/19/26 | Price Changed | $1,250,000 | -3.5% | $310 / Sq Ft | |
| 04/08/2026 04/08/26 | For Sale | $1,295,000 | -4.1% | $321 / Sq Ft | |
| 07/25/2024 07/25/24 | Sold | $1,350,000 | -2.9% | $335 / Sq Ft | View Prior Sale |
| 05/20/2024 05/20/24 | Pending | -- | -- | -- | |
| 05/08/2024 05/08/24 | Price Changed | $1,390,000 | -4.1% | $345 / Sq Ft | |
| 04/03/2024 04/03/24 | For Sale | $1,450,000 | +7.4% | $360 / Sq Ft | |
| 03/18/2024 03/18/24 | Off Market | $1,350,000 | -- | -- | |
| 02/03/2024 02/03/24 | For Sale | $1,450,000 | +133.9% | $360 / Sq Ft | |
| 05/30/2014 05/30/14 | Sold | $620,000 | -11.4% | $154 / Sq Ft | View Prior Sale |
| 05/15/2014 05/15/14 | Pending | -- | -- | -- | |
| 03/27/2014 03/27/14 | For Sale | $700,000 | -- | $174 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,350,000 | California Best Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $620,000 | Equity Title | |
| Trustee Deed | $363,551 | Accommodation | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | $450,000 | American Title Ins Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $700,000 | New Conventional | |
| Previous Owner | $60,000 | Commercial | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $120,000 | Commercial | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $135,000 | Seller Take Back |
Source: The MLS
MLS Number: 26681233
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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