3030 W 12th Place, Los Angeles, CA 90006 (MLS # 26639841)
Twitter
Facebook
Email
|
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 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
Based on information from CRMLS as of 1/18/26 9:14 PM PST. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CRMLS. 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.
This IDX solution is (c) Diverse Solutions 2026.