3030 W 12th Place, Los Angeles, CA 90006

Property Description

Shovel ready RTI for 17-unit development opportunity in a prime Los Angeles location of Koreatown. Gross rents can exceed 35k monthly. 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

Listing Status:

Active

Date Added:

January 18, 2026

Data Last Updated:

February 7, 2026 at 10:06PM

Listing Office:

Dream Realty & Investments Inc : 213-380-8949

Listing Agent:

Elijah Shin : 213-550-9009

MLS ID:

CL26639841

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR45080012019
• View: None

Financial

• Source: CRMLS