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3051-3055 W 12th St
Los Angeles, CA 90006
Multifamily Property For Sale
·
35 Units
Investment Highlights
- Entitled 35-unit multifamily development project including construction plans
- Unit mix includes 26 studios, 8 one-bedroom units, and 1 two-bedroom unit
- Parking plan includes 18 subterranean spaces
- Central Koreatown location with strong demographic base and urban infrastructure
- Zoned R4-IVL on ±10,800 sq. ft. lot; projected build-out ±21,589 sq. ft.
- Walkable area with retail, grocery, and banking nearby; high pedestrian activity
Executive Summary
This offering presents a development opportunity in the heart of Koreatown, Los Angeles, featuring fully entitled plans for a 35-unit apartment building. The site comprises approximately 10,800 square feet of land zoned R4-IVL, enabling a significant multi-family build-out. Delivered with demolition completed and construction plans ready, this parcel removes major development hurdles for investors seeking speed to market. The projected structure spans five residential floors plus subterranean parking, with an anticipated total of 26 studio units, 8 one-bedroom units, and 1 two-bedroom unit across a 21,589 square foot footprint.The property’s Koreatown address benefits from high walkability and strong transit infrastructure, with Walker’s Paradise (94) and Good Transit (64) scores. Future residents will enjoy top-tier access to grocery, financial services, retail, and dining options nearby. With a strong demographic base—over 600,000 households within a three-mile radius—and close proximity to business districts and cultural amenities, this asset offers exceptional long-term demand potential.
Property Facts
| Price Per Unit | $158,888 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Sale Condition | Redevelopment Project | Construction Status | Proposed |
| No. Units | 35 | Building Size | 21,589 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2029 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.83/1,000 SF |
| Zoning | LAR4 - Multiple Dwelling | ||
| Price Per Unit | $158,888 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Construction Status | Proposed |
| Building Size | 21,589 SF |
| No. Stories | 5 |
| Year Built | 2029 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | LAR4 - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 26 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,399,176 CAD | |
| Land Assessment | $4,687,139 CAD | Total Assessment | $6,086,315 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$4,687,139 CAD
Improvements Assessment
$1,399,176 CAD
Total Assessment
$6,086,315 CAD
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