Est. cap rate

2.0%

Assumed rent, all units

$4,620/mo

Units

2

Price per unit

$699,950

Est. annual NOI

$27,720

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

3,912 sqft

Lot size

3,662 sqft

Year built

1926

Stories

3

Garage spaces

1

Heating

See Remarks

Cooling

Ductless

Pool

None

View

Neighborhood

Status

Active

Days on market

58

MLS #

246354719

About this property

**Opportunity meets location in the heart of Los Angeles!** Welcome to 4916 W 12th St, a spacious tri-level duplex offering nearly 4,000 square feet of living space and incredible potential for an owner-user, investor, or buyer looking to create something special. Featuring a total of 6 bedrooms and 4 bathrooms across two units, this property offers the space and flexibility that are increasingly hard to find in this part of the city. Yes, it needs some TLC, but that's exactly where the opportunity begins. Bring your vision and unlock the potential of this character-filled 1920s property. Live in one unit and explore the income potential of the other, create a multi-generational living setup, or reposition the property as a long-term investment. With generous room sizes, abundant natural light, multi-level living and recently updated electrical and mini-split systems, much of the foundation for something special is already here. Located in the desirable Mid-Wilshire area with convenient access to Miracle Mile, Koreatown, Downtown LA, shopping, dining, entertainment and major employment centers, this is more than a duplex, it's an opportunity to add value in one of Los Angeles' most centrally located neighborhoods. **Properties with this much space, flexibility and upside don't come around often. Bring your contractor, bring your ideas and come see the possibilities for yourself.**

Location

4916 W 12th

Los Angeles, Los Angeles, CA, 90019