$1,150,000
2942 W 12th, Los Angeles CA 90006
Multi-Family (Triplex)
Property type
62 days
On market
$229
Price per sqft
1 car
Garage
1905
Year built
5,919 sqft
Lot size
Home highlights
Open Houses
Overview
2942 W 12th Street, is an exceptionally located value-add triplex in the heart of Koreatown/Olympic Park consisting of a detached 5BD/2BA Craftsman house and a duplex with (1) 3BD/1BA unit and (1) 4BD/2BA unit, totaling approximately 5,020 rentable square feet on a 5,917 square foot LAR3 lot. The property offers a compelling investment profile with the two occupied units...
Listing provided by: Andrew McAllister DRE #01946829 562-528-8105, eXp Realty of Greater L.A
Listing updated: Apr 16, 2026 at 01:44pm.
Last checked: Jun 13, 2026 at 08:00am
Source: CRMLS #RS26069251
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 5 | 2 | — | $0 | $0 | $4,500 | Unfurnished |
| 1 | 3 | 1 | — | $1,225 | $1,225 | $2,950 | Unfurnished |
| 1 | 4 | 2 | — | $1,733 | $1,733 | $3,500 | Unfurnished |
# of Buildings: 2
# of Units Total: 3
Separate Electric Meters: 4
Separate Gas Meters: 3
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 2
Total Actual Rent: $35,508
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
12.8x
List Price / Annual Gross Rent
Cap Rate
5.2%
NOI / List Price
Gross Scheduled Income: $89,504
Vacancy Allowance: $2,685
Operating Expense: $27,046
Net Operating Income: $59,773
Annual Operating Expenses
Electric: $0
Gardener: $1,200
Insurance: $3,600
Maintenance: $2,250
New Taxes: $14,366
Trash: $0
Water / Sewer: $0
Other Expense: $4,530
Interior
Cooling: None
Heating: Wall Furnace
Fireplace: None
Laundry: Inside
Entry Location: 2nd
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Common Walls: No Common Walls
Lot Features: Corner Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Garage and Parking
Parking: Door Single, Garage
Garage Spaces: 1
Uncovered Spaces: 0
Carport Spaces: 0
Parking Total: 1
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5080020001
Additional Parcels: No
Tax Lot: 1
Zoning: LAR3
Tax Block: 40
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Gutters, Street Lights, Sidewalks, Urban