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Koreatown Quadruplex with Upside Potential 3014 W 12th St 4 Unit Apartment Building $1,376,469 CAD ($344,117 CAD/Unit) Los Angeles, CA 90006
Investment Highlights
- Price reduced by $215,000! Seller Motivated!
- Upside Potential! Under Market Rents
- Located in the Heart of Koreatown
- 4-Unit Multi-Family Apartment for Sale
- Potential Development Opportunity
Executive Summary
Price reduced by $215,000! Quadruplex near Galleria Market, Seoul International Park and Normandie Park. Just minutes from DTLA and USC. Upside potential due to under market rents. Future development opportunity. 2 separate buildings with onsite parking. All month-to-month tenants. Front building consists of two 3-bedroom/1.5 bath units; rear building consists of two 1-bedroom/1-bath units upstairs and downstairs. Separate electric and gas meters. Property being sold in "as-is" condition.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$58,336
|
$13.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,336
|
$13.79
|
| Taxes |
$26,335
|
$6.23
|
| Operating Expenses |
$3,709
|
$0.88
|
| Total Expenses |
$30,045
|
$7.10
|
| Net Operating Income |
$28,291
|
$6.69
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $58,336 |
| Annual Per SF | $13.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $58,336 |
| Annual Per SF | $13.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,335 |
| Annual Per SF | $6.23 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,709 |
| Annual Per SF | $0.88 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $30,045 |
| Annual Per SF | $7.10 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $28,291 |
| Annual Per SF | $6.69 |
Property Facts
| Price | $1,376,469 CAD | Building Class | C |
| Price Per Unit | $344,117 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,230 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1923 |
| Apartment Style | Low-Rise | Parking Ratio | 0.95/1,000 SF |
| Zoning | LAR4 - Multiple Dwelling | ||
| Price | $1,376,469 CAD |
| Price Per Unit | $344,117 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,230 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | LAR4 - Multiple Dwelling |
About 3014 W 12TH ST , LOS ANGELES, CA 90006
Price reduced by $215,000! Koreatown quadruplex for sale: Two 1-bedroom/1-bath units and two 3-bedroom/1.5 bath units. Current actual $20,142 annual net operating income. Excellent upside! Under market rents. Potential development site. Located one block east of Western Ave and two blocks north of Pico Blvd. Zoned LA R4. Built 1923. Asking $245,000 per unit.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 2 | - | - |
| 1+1 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5080-011-024 | Total Assessment | $1,535,469 CAD (2025) |
| Land Assessment | $1,074,831 CAD (2025) | Annual Taxes | $26,335 CAD ($6.23 CAD/SF) |
| Improvements Assessment | $460,638 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5080-011-024
Land Assessment
$1,074,831 CAD (2025)
Improvements Assessment
$460,638 CAD (2025)
Total Assessment
$1,535,469 CAD (2025)
Annual Taxes
$26,335 CAD ($6.23 CAD/SF)
Tax Year
2024
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Koreatown Quadruplex with Upside Potential | 3014 W 12th St
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