3030 W 12th Place, Los Angeles, CA 90006 (MLS # 26639841)

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PRICE $1,499,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 7,014 sqft
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Shovel ready RTI for 17-unit development opportunity in a prime Los Angeles location of Koreatown. 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 place, this project offers a clear and predictable path to development in one of LA's most competitive markets.

DAYS ON MARKET 1 LAST UPDATED 1/18/2026
YEAR BUILT 0 COMMUNITY C17 - Mid-Wilshire
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage


ADDITIONAL DETAILS
AREA C17 - Mid-Wilshire
LOT 7013 sq ft
LOT DIMENSIONS 7013
VIEW DESCRIPTION None
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Listed with Dream Realty & Investments Inc

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Based on information from California Regional Multiple Listing Service, Inc. as of 1/18/26 9:43 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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