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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Ivan Perez

Ivan Perez

+1(818) 242-6422
$1,295,000
Est. payment /mo
7,013 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26639841

HOA Y/N No

Lot Size 7,013 Sqft

Property Description

Shovel ready RTI for 17-unit development opportunity in a prime Los Angeles location of Koreatown. Gross rents can exceed 35k monthly. The property is currently improved with a fully vacant duplex and comes with approved plans for a (5) five-story, approximately 12,092-square-foot multi-unit residential building designed for efficiency, cost control, and long-term value. The project has been engineered to minimize construction costs without compromising quality. Features include on-grade parking to avoid expensive subterranean excavation, an exterior egress balcony that reduces interior corridor and wall requirements, and a wood-frame staircase in lieu of a steel system. Underground electrical service from the power pole eliminates the need for an on-site transformer, further streamlining development.Unlike many Los Angeles projects, this development requires only two affordable (ELI )Extremely low Income units, making it a rare and attractive option in today's market. The design also includes premium elements such as two residences with double-height ceilings and loft spaces, creating a modern, open-concept living experience. Additional highlights include six on-site parking spaces and a rooftop area. With RTI approval in hand and a cost-efficient, well-designed plan already in place, this project offers a clear and predictable path to development in one of LA's most competitive markets.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5080012019

Special Listing Condition Standard

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Listed by Elijah Shin Dream Realty & Investments Inc #01358906

NEARBY SCHOOL & BUSINESS

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Ivan Perez

Ivan Perez

+1(818) 242-6422

Broker Associate | License ID: 01952891

Broker Associate License ID: 01952891

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