1657 West 12th Place

Los Angeles, CA 90015

$999,999
Last Sold Price
6
Beds
4
Baths
4,720 Sq. Ft.
$212 / Sq. Ft.
4,720
Sq. Ft.
$212
per Sq. Ft.

Description

Motivated seller! Bring offers! Two units delivered vacant! You may be able to buld two adu's in the back due to large lot. (Buyer to verify with the city). Your next great investment opportunity awaits! This 4,720 Sq. Ft. Fourplex, located NEAR DTLA, features (2) large 1 bedroom +1 bathroom and (2) large 2 bedroom + 1 bathroom units, and resides on a 6,249 Sq. Ft. lot. This value-add opportunity is just minutes away from Downtown L. A. where employment opportunities, shopping centers, public transportation...Motivated seller! Bring offers! Two units delivered vacant! You may be able to buld two adu's in the back due to large lot. (Buyer to verify with the city). Your next great investment opportunity awaits! This 4,720 Sq. Ft. Fourplex, located NEAR DTLA, features (2) large 1 bedroom +1 bathroom and (2) large 2 bedroom + 1 bathroom units, and resides on a 6,249 Sq. Ft. lot. This value-add opportunity is just minutes away from Downtown L. A. where employment opportunities, shopping centers, public transportation and entertainment is plentiful. This neighborhood is seeing increased rental rates increasing year over year. This fourplex enables residents to get anywhere quickly due to the fantastic 92 Walk Score where daily errands do not require car and excellent 81 Transit Score for easy access to metro lines. Perfect for an Investor or an Owner/User!
  1. Listed by Philip Seymour • DRE #00630158 • Brokerage DRE #01208019 • Keller Williams Studio City
  2. Listed by Megan Husri • DRE #02089901 • Brokerage DRE #01208019 • Keller Williams Studio City

Property Details for 1657 West 12th Place

Zoning
LARD1.5
Style
Craftsman
Parcel Number
5137027022
Total Units
4.0
Living Area
4720
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
2%

Location

Listing Courtesy of Keller Williams Studio City, Philip Seymour, DRE #00630158; Keller Williams Studio City, Megan Husri, DRE #02089901

Sold By Edgestone Real Estate, Inc., Sebastian Stofenmacher, DRE #01328684

Add your commute
LISTING UPDATED: 06/03/2021 03:43 PM

Property Details for 1657 West 12th Place

StatusSold
MLS #21-686526
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.14 AC / 6,250 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Studio City, Philip Seymour, DRE #00630158; Keller Williams Studio City, Megan Husri, DRE #02089901

Sold By Edgestone Real Estate, Inc., Sebastian Stofenmacher, DRE #01328684

Add your commute

Building Information for 1657 West 12th Place

Stories-Residences-Year Built1914Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$6,580 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$1,123

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1657 West 12th Place

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 2
  • View: Yes
  • View Description: Walk Street
  • Security Features: Other
  • Water: Public
  • Sewer: Unknown
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is, Court Approval Required
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $70,854
  • Net Operating Income: $52,833.00
  • Gross Income: $72,300
  • Cap Rate: 5.28%
  • Gross Rent Multiplier: $13.13
  • Financial Info as Of: 02/17/2021
  • Vacancy Allow Dollar: $1,446.00
  • Owner Pays: Other
  • Total Annual Expense: 18021
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1435
  • Lot Size Square Feet: 6250
  • Lot Features: Back Yard
  • Lot Description: Back Yard
Parking Details
Parking Details
  • Parking Garage: On street
  • Total Parking: 0
  • Parking Features: Street
Interior Features
Interior Features
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling Type: Wall Unit(s), Ceiling Fan
  • Heating: Fireplace(s)
  • Heating Type: Fireplace
  • Flooring: Mixed, Tile, Hardwood
  • Equipment: Ceiling Fan, Range/Oven
  • Kitchen Features: Tile Counters
  • Bathroom Features: Shower Over Tub
  • Cooking Appliances: Oven, Gas/Electric Range
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Shingle
  • Patio Features: Porch - Front, Porch, Balcony
  • Entry Location: Ground Level w/steps
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-28-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $875.00
  • Unit Actual Rent: $876.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number Leased: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $30,814.00
  • Assessed Improvement Percent: 46.64
  • Assessed Land Value: $35,254.00
  • Assessed Land Percent: 53.36
  • Assessed Total Value: $66,068.00

Property History for 1657 West 12th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1657 West 12th Place

Taxable ValueLand$780,300Additions$260,100Total$1,040,400
Tax Record2023$13,481 ($1,123 / month)
Home Facts
Total Finished SqFt4,720 SqFtAbove Grade Finished SqFt4,720 SqFtLot Size6,250 SqFtStyleQuadraplexYear Built1914ZoningLARD1.5CountyLOS ANGELESAPN5137-027-022

Schools near 1657 West 12th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Tenth Street Elementary School
Public1 to 5

John H. Liechty Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Studio City, Philip Seymour, DRE #00630158; Keller Williams Studio City, Megan Husri, DRE #02089901

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.