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2006 W 12th Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath

2006 W 12th Street, Los Angeles, California 90006 home-pic-0
ACTIVE$999,000
2006 W 12th Street, Los Angeles, California 90006
0Bed
0Bath
2,166Sqft
6,080Lot
Year Built
1920
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$461
HOA
-
Days on market
-
Sold On
-
MLS number
GD25118770
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $999.0K(50th), sqft - 2166(33th), beds - undefined(50th), baths - undefined(50th).

LOCATION! LOCATION! LOCATION! Prime investment opportunity in the highly desirable Pico Union neighborhood near Downtown Los Angeles. Perfect for investors, developers, and first-time homebuyers, this triplex is positioned within a TOC Tier 4 zone, offering outstanding potential for increased density and future development. The property features two separate structures: a front duplex with upstairs and downstairs units, each offering 1 bedroom and 1 bathroom, and a detached rear house with 2 bedrooms and 1 bathroom. Centrally located north of USC and just minutes from the vibrant city lights of Downtown LA, major sports arenas, and entertainment venues, this property offers an enviable, accessible location in one of the city’s most active rental markets. Tenants enjoy convenient access to public transit, shopping, trendy dining, and excellent schools, ensuring consistently high demand and low vacancies. The property also includes on-site parking for six vehicles, adding additional value and convenience. Situated on a generous 6,078 sq ft lot with 2,166 sq ft of living space, this property offers incredible upside with the right vision and improvements. PLEASE DO NOT DISTURB TENANTS — DRIVE BY ONLY.

Nearby schools

3/10
Leo Politi Elementary School
Public,•K-5•0.4mi
2/10
Tenth Street Elementary School
Public,•K-5•0.4mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.5mi
8/10
Hoover Street Elementary School
Public,•K-5•0.6mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.7mi
4/10
Norwood Street Elementary School
Public,•K-5•0.9mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•1.1mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.2mi
3/10
Los Angeles Elementary School
Public,•K-5•1.4mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.4mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.4mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.9mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•2.3mi
3/10
Berendo Middle School
Public,•6-8•0.8mi
3/10
John H. Liechty Middle School
Public,•6-8•0.8mi
4/10
John Adams Middle School
Public,•6-8•1.8mi
5/10
Pio Pico Middle School
Public,•6-8•2.1mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.7mi
4/10
West Adams Preparatory High School
Public,•9-12•0.8mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.2mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.2mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.2mi
3/10
Belmont Senior High School
Public,•9-12•1.4mi
5/10
Santee Education Complex
Public,•9-12•1.7mi
5/10
Foshay Learning Center
Public,•K-12•2.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.2mi
Condition Rating
Poor
Built in 1920, this triplex is over 100 years old. The listing description explicitly states it offers 'incredible upside with the right vision and improvements,' indicating a need for substantial repairs and rehabilitation. The absence of interior photos, coupled with the 'PLEASE DO NOT DISTURB TENANTS — DRIVE BY ONLY' instruction, strongly suggests the interior, including kitchens and bathrooms, is in outdated and likely poor condition, requiring full renovation. The exterior images show weathered structures consistent with a property of this age that has not undergone recent significant renovations. While currently occupied, it likely offers a very uncomfortable living experience and requires major system and cosmetic overhauls.
Pros & Cons

Pros

Prime Location & Accessibility: Highly desirable Pico Union neighborhood, centrally located near Downtown Los Angeles, USC, major sports arenas, entertainment venues, public transit, shopping, and dining, ensuring high tenant demand.
Significant Development Potential: Positioned within a TOC Tier 4 zone on a generous 6,078 sq ft lot, offering outstanding potential for increased density and future development.
Income-Generating Triplex: A multi-unit property featuring a front duplex (two 1BD/1BA units) and a detached rear house (2BD/1BA), providing immediate rental income and diversification.
Strong Rental Market: Situated in one of the city’s most active rental markets, characterized by consistently high demand and low vacancies.
Ample On-Site Parking: Includes on-site parking for six vehicles, a valuable and convenient amenity in a dense urban environment.

Cons

Age of Property & Implied Condition: Built in 1920, the property likely requires significant renovations, deferred maintenance, and modern upgrades to maximize its potential and appeal.
Tenant Occupancy & Access Restrictions: Current tenants are not to be disturbed, limiting access for showings and thorough inspections, which can complicate due diligence for prospective buyers.
Required Vision & Investment: The property offers 'incredible upside with the right vision and improvements,' indicating it is not a turn-key asset and will necessitate substantial capital and effort to realize its full value.

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