2300 West 12th Street

Los Angeles, CA 90006

$1,450,000
Price
9
Beds
9
Baths
4,032 Sq. Ft.
$360 / Sq. Ft.
4,032
Sq. Ft.
$360
per Sq. Ft.

Description

Lar4 zoning 6-unit apt in the heart of los angeles! GREAT INVESTMENT & DEVELOPMENT OPPORTUNITY 6-Unit APARTMENT BUILDING ON THIS LAR-4ZONING AREA , TOC TIER 2 LOT on a busy HOOVER ST. Two stories victorian-style building, size:4,032 sq ft, with large lot (size app. 6,272 sq ft.) With assigned 10 parking lots. This property located at the corner of hoover street and w. 12th street, next to the public transportation bus stop. Centrally located to l. A. Live, staples, convention center, downtown l....Lar4 zoning 6-unit apt in the heart of los angeles! GREAT INVESTMENT & DEVELOPMENT OPPORTUNITY 6-Unit APARTMENT BUILDING ON THIS LAR-4ZONING AREA , TOC TIER 2 LOT on a busy HOOVER ST. Two stories victorian-style building, size:4,032 sq ft, with large lot (size app. 6,272 sq ft.) With assigned 10 parking lots. This property located at the corner of hoover street and w. 12th street, next to the public transportation bus stop. Centrally located to l. A. Live, staples, convention center, downtown l. A., korea town, and usc campus. This income property is set up as six (6) units. Sold with tenants in the places. There are fenced 10 parking open spaces available. The seller has upgraded/replaced all plumbing, sewer line, and kitchens according to the l. A. City building code for a period of a couple of years recently. This property is to be sold in as a "as-is condition". Please drive by or walk around only. Do not go directly. Do not disturb current occupants. All current tenants are
pay rent on time monthly and very cooperative to the landlord. Very easy access to/from fwy 10, 101 and110. This property is to be sold in as a "as-is condition". Please drive by or walk around only. Do not go directly. Do not disturb current occupants.
  1. Listed by Jason Hong • DRE #00863293 • Brokerage DRE #01209953 • Team Spirit Realty • 213-500-7237

Property Details for 2300 West 12th Street

Parking Spaces Total
10
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4032
Assessor Parcel Number
5076-015-023
Property Attached YN
true

Location

Listing Courtesy of Team Spirit Realty, Jason Hong, DRE #00863293
Add your commute
LISTING UPDATED: 04/05/2024 06:09 AM

Property Details for 2300 West 12th Street

StatusActive
MLS #RS24023789
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
CountyLos Angeles County

Location

Listing Courtesy of Team Spirit Realty, Jason Hong, DRE #00863293
Add your commute

Building Information for 2300 West 12th Street

Building/Complex2300 W 12th StFloor-Stories2Residences-Pet Policy-Year Built1906Building Size-

Payment Calculator

$8,993 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,913

Property Taxes

$1,080

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2300 West 12th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $107,784
  • Gross Scheduled Income: $107,784
  • Vacancy Allowance: 0
  • Gross Operating Income: $107,784
  • Net Operating Income: $74,064
  • Laundry Income: $0
  • Cap Rate: 5.1
Expense Details
  • Operating Expense: $33,720
  • New Taxes Expense: $17,500
  • Gardener Expense: $720
  • Fuel Expense: $0
  • Licenses Expense: $500
  • Pest Control Expense: $600
  • Electric Expense: $1,100
  • Insurance Expense: $2,500
  • Maintenance Expense: $2,400
  • Professional Management Expense: $400
  • Trash Expense: $1,600
  • Water Sewer Expense: $6,400
  • Total Expenses: $33,720
Tax / Assessment Info
  • Tax Tract Number: /
  • Tax Census Tract: 2134.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 150
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Room Type: Basement
  • Laundry: No
  • Laundry Features: None
  • Laundry Equipment Own Lease: Own
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Entry Location: /
  • Fence: Yes
  • Fencing: Good Condition
  • Foundation Details: Concrete Perimeter
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level with Street, Near Public Transit
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 10
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 10
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,996
  • Unit Type Total Rent: $1,996
  • Unit Type Pro Forma: 2075
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,376
  • Unit Type Total Rent: $1,376
  • Unit Type Pro Forma: 1431
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,404
  • Unit Type Total Rent: $1,404
  • Unit Type Pro Forma: 1460
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $864
  • Unit Type Total Rent: $864
  • Unit Type Pro Forma: 898
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1040
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,342
  • Unit Type Total Rent: $2,342
  • Unit Type Pro Forma: 2435
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 0
  • Number With Refrigerator: 0
  • Number With Disposal: 0

Property History for 2300 West 12th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2300 West 12th Street

Taxable ValueLand$648,559Additions$341,347Total$989,906
Tax Record2023$12,962 ($1,080 / month)
Home Facts
Total Finished SqFt4,032 SqFtAbove Grade Finished SqFt4,032 SqFtLot Size6,272 SqFtStyleMulti-Family Res (5+ Units)Year Built1906ZoningLAR4CountyLOS ANGELESAPN5076-015-023

Schools near 2300 West 12th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Leo Politi Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

Edward R. Roybal Learning Center
Public9 to 12

Belmont Senior High School
Public9 to 12

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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2300 West 12th Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on February 1, 2024 by Team Spirit Realty, it's currently listed at $1,450,000. It has been on the market for a total of 71 days and was last sold on March 25, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Leo Politi Elementary School, Berendo Middle School and Edward R. Roybal Learning Center. 2300 West 12th Street is a 9-bed, 9-bath, 4,032 sqft multi-family home built in 1906.

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 Team Spirit Realty, Jason Hong, DRE #00863293

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.