#24452105, Yohann Bensimon, Listing Office: Keller Williams Hollywood Hills
#24457491·
Listing Office: Colliers International Greater Los Angel·
Listing Agent: Edward Pan·
Listing Office Phone: 949-724-5500
2375 W 12th St Los Angeles, CA 90006
$2,550,000 List price
10 beds
11 baths
12,306 sqft
0.3 acres
$207 / sqft
House
Property details
About 2375 W 12th St
We are pleased to exclusively present 2375 W 12th Street, an 11-Unit multi-family apartment located in the Koreatown neighborhood of Los Angeles California, bordering Downtown. This value-add investment opportunity offers significant upside potential in a prime Southern California rental market. Constructed in 1923, the two-story building comprises a mix of spacious units, including one studio, six one-bedroom/one-bath units, and four two-bedroom/one-bath units, totaling 12,306 rentable square feet. The property sits on a prominent 13,999 square foot corner lot and includes key amenities such as an on-site laundry facility and parking garages. With current rents over 70% below market value, this property provides investors with a significant opportunity to increase rental income. The potential to achieve a Pro Forma CAP rate of over 8.5% makes this asset particularly attractive. Additional income growth may also be realized through the potential addition of accessory dwelling units (ADUs), subject to buyer verification and city approval. Strategically located just minutes from Downtown Los Angeles and the heart of Koreatown, the property enjoys proximity to major business districts, popular retail outlets, restaurants, and grocery stores. It also benefits from excellent connectivity, with quick access to the 110 and 10 freeways and several public transportation options within Koreatown. The property is further distinguished by its R4-01 zoning and designation within a Transit Priority Area, making it an ideal candidate for redevelopment. This presents an exciting opportunity for long-term investors looking to maximize returns in one of Los Angeles' most vibrant and high-demand areas.
Highlights
Home typeOther
HeatingForced Air
StatusActive
Size12,306 sqft
Lot size0.3215 Acres
Year built1923
ParkingDriveway
MLS #24457491
Summary
- MLS Number: 24457491
- MLS Name: CRMLS
- Office Name: Colliers International Greater Los Angel
- Office Phone: (949) 724-5500
- Listing Agent: Edward Pan
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,550,000
2375 W 12th St
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 16, 2021 | Home Sold | $2,150,000 |
| Dec 17, 1997 | Home Sold | $237,000 |
| Dec 02, 1996 | Home Sold | $245,000 |
| Dec 21, 1989 | Home Sold | $490,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,236,860 | $28,751 |
| 2023 | $2,193,000 | $28,222 |
| 2022 | $2,150,000 | $26,965 |
| 2021 | $383,664 | $6,320 |
| 2020 | $379,731 | $6,171 |
| 2019 | $372,287 | $5,947 |
| 2018 | $364,988 | $5,805 |
| 2017 | $357,833 | $5,805 |
History based on county public records data.
Nearby schools
2
Politi Elementary School
Public District KG-5
0.1 mi
•2481 W 11th St
4
Magnolia Avenue Elementary School
Public District PK-5
0.4 mi
•1626 Orchard Ave
7
Hoover Street Elementary
Public District KG-5
0.5 mi
•2726 Francis Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,962. Most Los Angeles, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
35%
<35k
56%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
17%
Single, with Kids
15%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
30%
18-34 yrs old
40%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2375 W 12th St
This home is located at 2375 W 12th St in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 12,306 square foot home, which was built in 1923, sits on a 0.32 acre lot. Features: 10 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $2,550,000.
While more than 294 listings in Los Angeles, CA in January 2025 were sold above asking price, there were more than 161 listings sold at asking price, and more than 545 were sold below. The number of listings in Los Angeles, CA increased by 20.1% between December and January 2025. While the average time on the market in January 2025 was 45 days, the median list price was $1,035,435.
From Rocket Homes Real Estate and based on county public records data.