
Los Angeles, California 90006
This High-Potential Investment Opportunity is a turnkey triplex listed at $800,000, positioned slightly above the $791,589 Fair Market Value. Despite the minor price variance, the asset offers significant stability with a Condition Rating of 4, featuring recent capital improvements like copper plumbing, a new roof, and remodeled kitchens. With RD1.5-HPOZ zoning and a rare six-car parking area, this property ensures consistent tenant demand in the high-visibility Westlake corridor. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2006 12th 3 Subject | $800,000* List Price | 0 | 0 | 2,166 | $365 | - |
A 1713 S Berendo Street Sold | $679,000 | 0 | 0 | 1,900 | $357 | 0.8 mi |
B 1153 S Westlake Active | $699,900 List Price | 0 | 0 | 2,654 | $264 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, the property has had some updates including copper plumbing, a newer roof, and granite counters in one unit, but these were completed 'years ago.' Visuals of the bathrooms show dated fixtures and visible wear on vanities, placing it in the category of needing minor repairs and modernization.
Situated in the high-demand Westlake area near Downtown Los Angeles and major regional hubs, the property benefits from high visibility and consistent tenant demand.
The asset features significant upgrades including a new roof, gutters, water heaters, and copper plumbing, alongside remodeled kitchens and bathrooms in select units to reduce immediate CapEx.
The inclusion of a six-car parking area is a rare and highly valuable amenity for a triplex in a dense urban Los Angeles neighborhood, significantly enhancing tenant retention.
The property is located within an HPOZ (Historic Preservation Overlay Zone), which may impose strict limitations and higher costs on exterior renovations or future development.
Originally built in 1920, the century-old structure may require ongoing maintenance and monitoring of foundational and electrical systems common to older multi-family assets.
Prime Westlake Multi-Family Asset – Turnkey Triplex with Value-Add Potential Exceptional investment opportunity located at 2006 W 12th Street in the high-demand Westlake area of Los Angeles, presenting a strategic addition to any real estate portfolio. Positioned just minutes from Downtown Los Angeles (DTLA), the property offers unprecedented proximity to premier regional hubs, including The Vermont Shopping Center, the Los Angeles Memorial Sports Arena, the historic Bradbury Building, and the world-renowned Walt Disney Concert Hall. This high-visibility location ensures consistent tenant demand, facilitated by immediate access to the 110 Freeway and essential local infrastructure like the municipal fire and police departments. This property is composed of two buildings. A two-story building in the front and a single-story unit in the back. Units are in normal condition with a six-car parking area. Unit 1 (2006 A) has 749 sq ft living space with laminated flooring, 1 bedroom, and part of the living space has been used as another bedroom, 1 bathroom remodeled with a walk-in shower, kitchen was remodeled with a granite countertop, and new refreshed cabinets. Unit 2 (2006B) is located on the 2nd level with access from the front and back of the property, 749 sq ft living space, 1 bedroom, 1 bathroom, kitchen, and laundry room. Unit 3 ( 2006 1/2 ) is located in the rear with 668 sq ft living space, 2 bedrooms, 1 bathroom, a kitchen, and a living room with laminated flooring. The property was painted, new roof, new gutters, new water heaters, and copper plumbing added years ago; it was built in 1920, with a total of 2166 sq ft living space, 6083 sq ft lot, RD1.5-HPOZ zoning, and APN 5136-023-003.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-6 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,166 | 2,187.451 |
| Lot Size | 6,083 | 5,841.385 |
| Price | $800.0K | $841.5K |
| Price per sq ft | $369 | $385 |
| Built year | 1920 | 1928 |
| HOA | $0 | $0 |
| Days on market | 22 | 85 |
Aug 18, 2026
$800,000
Initial Listing