3030 W 12th Pl, Los Angeles, CA 90006
3030 W 12th Pl, Los Angeles, CA 90006
3030 W 12th Pl, Los Angeles, CA 90006
28
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$1,190,000
Est. payment /mo
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2 Beds
2 Baths
1,936 SqFt
New

3030 W 12th Pl Los Angeles, CA 90006

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Sev Grigor

Sev Grigor

+1(626) 390-0008

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,936 sqft

Price per Sqft $614

MLS Listing ID 26843211

Bedrooms 2

Year Built 1922

Lot Size 7,013 Sqft

Acres 0.161

Property Sub-Type Multi-Family

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 Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms Other

Interior

Heating Wall

Cooling Wall/Window, Window Unit(s)

Equipment Microwave, Garbage Disposal, Dishwasher, Range/Oven

Exterior

Parking Features Garage - 2 Car, Driveway

Building

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Redpoint Realty

NEARBY SCHOOL & BUSINESS

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Sev Grigor

Sev Grigor

Team leader | RE.S.0171941

+1(626) 390-0008

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3030 W 12th Pl