
Los Angeles, California 90006
This Triplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $800,000—positioned slightly above the $792,379 Fair Market Value. Featuring a Condition Rating of 4, this 1920-built property offers a 2,166 sq ft footprint with RD1.5-HPOZ zoning and a rare six-car parking area. With a mix of remodeled units and value-add potential, it provides stable rental demand near DTLA. This property is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to optimize a historic multi-family asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2006 12th 3 Subject 0 bd · 0 ba · 2,166 sqft · $369 | $800,000* List Price | 0 | 0 | 2,166 | $369 | - |
A 1710 S New Hampshire Pending 0 bd · 0 ba · 1,746 sqft · $384 · 0.8 mi | $670,000 List Price | 0 | 0 | 1,746 | $384 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, this century-old triplex is functional but dated, matching the 'Fair' criteria. While Unit 1 features a remodeled kitchen and bathroom, the remaining units are in 'normal' original condition. Key systems like copper plumbing, water heaters, and the roof were replaced 'years ago' rather than recently, and images show older window AC units and dated interior finishes that will require minor repairs and modern updates to realize full value-add potential.
Situated in the high-demand Westlake area just minutes from Downtown Los Angeles, offering excellent proximity to major regional hubs and transit, ensuring strong tenant demand.
Features a rare six-car parking area, providing a highly desirable amenity that adds significant value and convenience for tenants in a dense urban setting.
A multi-family triplex configuration with partial modern upgrades, including a remodeled kitchen and bathroom in Unit 1, offering immediate rental income and value-add opportunities.
Located within a Historic Preservation Overlay Zone (HPOZ), which imposes strict regulations on renovations, alterations, and development, potentially limiting future expansion.
Built in 1920, the property is over a century old; despite past updates to plumbing and roofing, it may require higher ongoing maintenance costs compared to newer builds.
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 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,166 | 2,090.331 |
| Lot Size | 6,083 | 5,852.908 |
| Price | $800.0K | $830.9K |
| Price per sq ft | $369 | $394 |
| Built year | 1920 | 1928 |
| HOA | $0 | $0 |
| Days on market | 83 | 87 |
Aug 18, 2026
$800,000
Initial Listing