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Listed by Edward Kaminsky • eXp Realty of California, Inc
$1,995,000
Est. payment /mo
7,013 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25056027
Year Built 1922
Lot Size 7,013 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
A Rare LA Development Opportunity-RTI & Ready to Rise Investors, developers, and visionaries-this is the moment you've been waiting for. Welcome to 3030 W 12th Place, where an RTI-approved, 17-unit project is ready to take shape in the heart of Los Angeles. Currently home to a fully vacant duplex, this site holds the blueprint for something much bigger: a five-story, 12,092 sqft multi-unit building designed for maximum efficiency and economic viability-without sacrificing quality. This project is designed to be both cost-smart and highly efficient. With on-grade parking rather than costly subterranean excavation, an exterior egress balcony that eliminates the need for extensive interior walls, and a wood-frame staircase in place of a heavy steel structure, every aspect has been carefully considered to keep costs down while maintaining integrity. Additionally, underground electric service from the power pole means there's no need for an on-site transformer, streamlining the build even further. Unlike fully affordable developments, this project only requires two affordable ELI units, making it a rare find in the market. Adding to its appeal, two of the residences feature double-height ceilings with loft spaces, offering a premium, open-concept feel. With six parking spaces, a ro
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Laundry None
Exterior
Parking Features Garage, Other
Garage Spaces 2.0
Pool None
Roof Type Flat / Low Pitch,Barrel / Truss
Building
Story One Story
Water District - Public
Others
Tax ID 5080012019
Special Listing Condition Not Applicable
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