REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,388,000
Est. payment | /mo
2 Beds
2 Baths
7,013 Sqft Lot
$ 2,388,000
Est. payment | /mo
2 Beds
2 Baths
7,013 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25056027
Bedrooms 2
HOA Y/N No
Lot Size 7,013 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
A Rare LA Development OpportunityRTI & Ready to Rise Investors, developers, and visionariesthis is the moment youve been waiting for. Welcome to 3030 W 12th Place, where an RTI-approved, 17-unit project is ready to take shape in the heart of Los Angeles. Currently home to a fully vacant duplex, this site holds the blueprint for something much bigger: a five-story, 12,092 sqft multi-unit building designed for maximum efficiency and economic viabilitywithout sacrificing quality. This project is designed to be both cost-smart and highly efficient. With on-grade parking rather than costly subterranean excavation, an exterior egress balcony that eliminates the need for extensive interior walls, and a wood-frame staircase in place of a heavy steel structure, every aspect has been carefully considered to keep costs down while maintaining integrity. Additionally, underground electric service from the power pole means theres no need for an on-site transformer, streamlining the build even further. Unlike fully affordable developments, this project only requires two affordable ELI units, making it a rare find in the market. Adding to its appeal, two of the residences feature double-height ceilings with loft spaces, offering a premium, open-concept feel. With six parking spaces, a rooftop area, and a thoughtful design that balances economics with elegance, this project is primed for success. No guesswork, no costly surprisesjust a streamlined path to a high-value asset. Opportunities like this dont sit around in LAare you ready to build the future of 3030 W 12th Place? Lets make it hap
A Rare LA Development OpportunityRTI & Ready to Rise Investors, developers, and visionariesthis is the moment youve been waiting for. Welcome to 3030 W 12th Place, where an RTI-approved, 17-unit project is ready to take shape in the heart of Los Angeles. Currently home to a fully vacant duplex, this site holds the blueprint for something much bigger: a five-story, 12,092 sqft multi-unit building designed for maximum efficiency and economic viabilitywithout sacrificing quality. This project is designed to be both cost-smart and highly efficient. With on-grade parking rather than costly subterranean excavation, an exterior egress balcony that eliminates the need for extensive interior walls, and a wood-frame staircase in place of a heavy steel structure, every aspect has been carefully considered to keep costs down while maintaining integrity. Additionally, underground electric service from the power pole means theres no need for an on-site transformer, streamlining the build even further. Unlike fully affordable developments, this project only requires two affordable ELI units, making it a rare find in the market. Adding to its appeal, two of the residences feature double-height ceilings with loft spaces, offering a premium, open-concept feel. With six parking spaces, a rooftop area, and a thoughtful design that balances economics with elegance, this project is primed for success. No guesswork, no costly surprisesjust a streamlined path to a high-value asset. Opportunities like this dont sit around in LAare you ready to build the future of 3030 W 12th Place? Lets make it happen. Text or email for PLANS.
A Rare LA Development OpportunityRTI & Ready to Rise Investors, developers, and visionariesthis is the moment youve been waiting for. Welcome to 3030 W 12th Place, where an RTI-approved, 17-unit project is ready to take shape in the heart of Los Angeles. Currently home to a fully vacant duplex, this site holds the blueprint for something much bigger: a five-story, 12,092 sqft multi-unit building designed for maximum efficiency and economic viabilitywithout sacrificing quality. This project is designed to be both cost-smart and highly efficient. With on-grade parking rather than costly subterranean excavation, an exterior egress balcony that eliminates the need for extensive interior walls, and a wood-frame staircase in place of a heavy steel structure, every aspect has been carefully considered to keep costs down while maintaining integrity. Additionally, underground electric service from the power pole means theres no need for an on-site transformer, streamlining the build even further. Unlike fully affordable developments, this project only requires two affordable ELI units, making it a rare find in the market. Adding to its appeal, two of the residences feature double-height ceilings with loft spaces, offering a premium, open-concept feel. With six parking spaces, a rooftop area, and a thoughtful design that balances economics with elegance, this project is primed for success. No guesswork, no costly surprisesjust a streamlined path to a high-value asset. Opportunities like this dont sit around in LAare you ready to build the future of 3030 W 12th Place? Lets make it happen. Text or email for PLANS.
Location
State CA
County Los Angeles
Area Los Angeles (90006)
Zoning Public Rec
Building
Lot Description Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $30
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Edward Kaminsky • eXp Realty of California, Inc
GET MORE INFORMATION
Follow Us
QUICK SEARCH
- Homes < $1M
- Homes $1M - $1.5M
- Homes $1.5M - $2M
- Homes $2M - $2.5M
- Homes $2.5M - $3M
- Homes $3M +
- White-water Views
- West of I-5
- West of 101
- Detached, with Private Pool
- Detached, Cul-De-Sac
- Detached, Corner Lot
- Detached, 1-Story Homes
- Homes in Senior Communities
- Turnkey, Move-in Ready
- Upcoming Open House
- Open Floor Plan
- Modern & Contemporary Style
- Price Reductions
- Fixer Properties
- Days on Market > 120