2006 W 12th Street, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This Westlake Triplex Asset is a High-Potential Investment Opportunity listed at $850,000—positioned well below the $873,867 Fair Market Value by 2%. This valuation gap provides $23,867 in Instant Equity for an acquisition in a high-demand rental corridor. While maintaining a Fair Condition Rating, the property features critical infrastructure upgrades including copper plumbing and a newer roof, alongside a rare six-car parking area. Zoned RD1.5-HPOZ, this character-rich property offers immediate cash flow potential near Downtown LA. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2006 W 12th Street Subject | $850,000* List Price | 0 | 0 | 2,166 | $403 | - |
A 1713 S Berendo Street Sold | $679,000 | 0 | 0 | 1,900 | $357 | 0.8 mi |
B 1311 Dewey Avenue Sold | $875,000 | 0 | 0 | 2,041 | $429 | 0.9 mi |
C 1741 S S New England Active | $950,000 List Price | 0 | 0 | 1,904 | $499 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1920s triplex is in fair condition, reflecting its age while showing evidence of periodic maintenance and partial updates. While the listing notes some remodeled elements like a kitchen with granite countertops and a bathroom with a walk-in shower, other areas—particularly the rear unit kitchen—remain dated with older cabinetry and fixtures. Essential infrastructure like copper plumbing, a newer roof, and water heaters have been addressed, but the property overall shows significant wear, cluttered interiors, and aged exterior siding that require minor repairs and cosmetic modernization to meet current market standards.
This triplex in the high-demand Westlake area offers a rare multi-unit configuration with three distinct income streams, perfectly positioned for investors seeking proximity to Downtown Los Angeles.
The property features essential capital improvements including a newer roof, gutters, water heaters, and copper plumbing, which helps mitigate immediate maintenance costs for a 1920s asset.
Rare for this dense urban location, the property includes a dedicated six-car parking area, providing a significant competitive advantage for attracting and retaining tenants in a high-traffic neighborhood.
Being situated within an HPOZ (Historic Preservation Overlay Zone) means the property is subject to strict preservation guidelines that can complicate and increase the cost of future exterior renovations.
Despite some modern upgrades, the 1920 construction date suggests potential for ongoing maintenance needs associated with aging structural elements and vintage building systems.
Income Generator is a rare triplex opportunity in the high-demand Westlake area. This asset offers the perfect blend of 1920s character and modern essential upgrades, with such close proximity to Downtown Los Angeles. Just minutes away from The Vermont Shopping Center, Los Angeles Sports Arena, The Bradbury Building, and Walt Disney Center. It is nearby by well the fire and Police Department and the 110 freeway. 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, remodeled kitchen 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,166 | 1,900 | 80% |
| Lot Size | 6,083.1 | 5,100 | 60% |
| Price | $850.0K | $840.0K | 60% |
| Price per sq ft | $392 | $429 | 40% |
| Built year | 1920 | 1922 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 203 | 20% |
Apr 2, 2026
$850,000
Initial Listing