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$1,499,000

Est. payment - /mo

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7,013 Sqft Lot

New

3030 W 12th PL Los Angeles, CA 90006

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Rhea Wallace

rheawallace@epique.me +1(657) 443-3446

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. 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

Listed by Elijah Shin Dream Realty & Investments Inc

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

9

Equitas Academy Charter

Public | KG - 5
8

Melrose Avenue Elementary School

Public | KG - 6
8

3rd Street Elementary School

Public | KG - 5
8

Queen Anne Place Elementary School

Public | KG - 5
8

Hoover Street Elementary

Public | KG - 5
8

Global Education Academy

Public | KG - 5
7

Hollywood Primary Center

Public | KG - 3
7

New Heights Charter

Public | KG - 8
7

Dr. Sammy Lee Medical and Health Science Magnet

Public | KG - 5
6

Wilshire Park Elementary

Public | KG - 5
6

Van Ness Avenue Elementary

Public | KG - 5
6

Kim Elementary School

Public | KG - 5
6

Cahuenga Elementary School

Public | KG - 5
6

Menlo Avenue Elementary

Public | KG - 5
6

Downtown Value

Public | KG - 8
6

Micheltorena Elementary

Public | KG - 5
6

Thirty-Second Street Usc Performing Arts

Public | KG - 12
5

City Charter Elementary School

Public | KG - 5
5

Celerity Nascent Charter

Public | KG - 8
5

Wilton Place Elementary

Public | KG - 5

Middle Schools 20

8

Rise Kohyang Middle School

Public | 6 - 8
7

Alliance Gertz-Ressler Richard Merkin 6-12 Complex

Public | 6 - 12
6

John Burroughs Middle School

Public | 6 - 8
6

Virgil Middle School

Public | 6 - 8
6

New Designs Charter

Public | 6 - 12
5

Pico Pico Middle School

Public | 6 - 8
4

Magnolia Science Academy 5

Public | 6 - 12
4

Bancroft Middle School

Public | 6 - 8
4

Foshay Learning Center

Public | 6 - 12
4

RFK Community Schools - Ambassador School of Global Leadership

Public | 6 - 12
4

Los Angeles Academy of Arts & Enterprise Charter

Public | 6 - 12
4

Vista Charter Middle School

Public | 6 - 8
4

Alliance College-Ready Middle Academy No. 12

Public | 6 - 8
4

John Adams Middle School

Public | 6 - 8
2

Monsenor Oscar Romero Charter Middle School

Public | 6 - 8
1

Audubon Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Global Education Academy Middle School

Public | 6 - 8
1

Berendo Middle School

Public | 6 - 8
1

Young Oak Kim Academy

Public | 6 - 8

High Schools 20

9

Alliance Dr. Olga Mohan High School

Public | 9 - 12
8

Wallis Annenberg High School

Public | 9 - 12
8

Orthopaedic Hospital

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
7

Central City Value

Public | 9 - 12
7

Camino Nuevo High No. 2

Public | 9 - 12
7

Animo Jackie Robinson High School

Public | 9 - 12
7

Alliance College-Ready Academy High No. 16

Public | 9 - 12
6

Crenshaw Arts-Technology Charter High School

Public | 9 - 12
5

Belmont Sh-la Teacher Preparatory Academy

Public | 9 - 12
4

RFK Community Schools - Los Angeles High School of the Arts

Public | 9 - 12
4

Santee Education Complex

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12
3

Belmont High School

Public | 9 - 12
1

Dorsey High School

Public | 9 - 12
1

RFK Community Schools - School for the Visual Arts & Humanities

Public | 9 - 12
1

Manual Arts High School

Public | 9 - 12
1

West Adams Preparatory High School

Public | 9 - 12
1

Early College Academy-la Trade Tech College

Public | 9 - 12

School and business data provided by Attom Data.