3030 W 12th PL, Los Angeles, CA 90006
3030 W 12th PL, Los Angeles, CA 90006
3030 W 12th PL, Los Angeles, CA 90006
3030 W 12th PL, Los Angeles, CA 90006
3030 W 12th PL, Los Angeles, CA 90006
3030 W 12th PL, Los Angeles, CA 90006
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Anna Dickinson

Anna Dickinson

+1(949) 246-7653
$ 1,190,000
Est. payment | /mo

2 Beds

2 Baths

1,936 SqFt

Save
$ 1,190,000
Est. payment | /mo
Save

2 Beds

2 Baths

1,936 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,936 sqft

Price per Sqft $614

MLS Listing ID 26843211

Bedrooms 2

HOA Y/N No

Year Built 1922

Lot Size 7,013 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Disposal, Microwave

Exterior

Parking Features Door-Multi, Driveway, Garage

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5080012019

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Arthur Yoon Redpoint Realty #01955545
Anna Dickinson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 246-7653

anna@annadickinson.com

Suite 100 25950 Acero, Mission Viejo, California, 92691, USA

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3030 W 12th PL