2924 12th Avenue

Los Angeles, CA 90018

$1,900,000
Last Sold Price
8
Beds
5
Baths
5,366 Sq. Ft.
$354 / Sq. Ft.
5,366
Sq. Ft.
$354
per Sq. Ft.

Description

Welcome to this 1929 Spanish Colonial building in West Adams/Jefferson Park. The owners bought this home as their first home and have preserved the original charm. How about a conversion - Ellis Act - Tenants in Common, Condo Conversion or add ADUs in back - new ADU laws came into effect this year. All units have high coved ceilings, arched doorways, built-ins in the hallways, kitchens, and laundry/service areas. All units bask in the natural light that cascades in through tall windows in the living...Welcome to this 1929 Spanish Colonial building in West Adams/Jefferson Park. The owners bought this home as their first home and have preserved the original charm. How about a conversion - Ellis Act - Tenants in Common, Condo Conversion or add ADUs in back - new ADU laws came into effect this year. All units have high coved ceilings, arched doorways, built-ins in the hallways, kitchens, and laundry/service areas. All units bask in the natural light that cascades in through tall windows in the living room and dining room, and top units have city views, and more windows along the north side of the living room and the dining room with arched entries. Behind the dining room is the kitchen and laundry/service area with more charm as the owner preserved the original design elements but still updated the units with laundry, newer water heaters, granite countertops and cabinetry. The owners did update the lighting, kitchen and bathroom fixtures with more energy efficient materials along with the newer energy efficient appliances. The hardwood floors are original in the two upstairs units. Downstairs there are two units, where the owner has made more updates. The southwest facing unit, is the unit that was previously occupied by the sellers and has a second bathroom with a custom shower, the kitchen has an open concept layout and the laundry is also newer and centrally located in the hallway. The owner installed an energy efficient split line cooling system and upgrading the lighting and fixtures to more modern energy efficient materials. The bottom unit facing northwest has also had some plumbing upgrades in recent years. Each unit is more than 1300 square feet, with their own water heaters and laundry in each unit. There are 4 single car garages in the back of the bldg, park one car outside the garage with room to enter and exit down the driveway. 3 newer kitchens and 5 newer bathrooms. The owner had a contractor recently replace the concrete driveway and parking area in front of each garage. The owner completed a partial plumbing repipe, updated the sewer line, new roof installed 2023, upgraded electrical and panels, new concrete driveway installed 2022 and areas outside of the garage, and installed new garage doors in 2022 on top of the interior updates. Two units will be delivered vacant. The lot is zoned LARD 1.5 - it may be possible for an owner to add 2 units under the ADU laws, or perhaps demo and build all new units. Buyer to verify codes and requirements with the city, do not rely on MLS as the city planning/bldg and safety dept has specific guidelines that must be met.

Listing Agent

  1. Cristina Warfield

    Cristina Warfield

    Listing Agent

    Compass

    DRE #01823970

Property Details for 2924 12th Avenue

Zoning
LARD1.5
Style
Spanish
Cross Streets
29th and 12th
Parcel Number
5051025006
Total Units
4.0
Living Area
5366
Source Living Area
Assessor
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Compass, Cristina Warfield, DRE #01823970

Sold By Compass, Cristina Warfield, DRE #01823970

Add your commute
LISTING UPDATED: 11/28/2023 03:51 PM

Property Details for 2924 12th Avenue

StatusSold
MLS #22-181807
Days on Market269
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.16 AC / 6,786 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Cristina Warfield, DRE #01823970

Sold By Compass, Cristina Warfield, DRE #01823970

Add your commute

Building Information for 2924 12th Avenue

Stories2Residences-Year Built1929Building Size-Lot Size0.16 AC / 6,786 SF

Payment Calculator

$11,772 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$1,403

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2924 12th Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Fourplex
  • View: Yes
  • View Description: Tree Top
  • Entry Floor Number: 1
  • Direction Faces: West
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $13,700
  • Net Operating Income: $13,700.00
  • Gross Income: $13,700
  • Gross Rent Multiplier: $18.35
  • Owner Pays: Water, Gardener, Other
  • Total Annual Expense: 500
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Size Square Feet: 6786
  • Lot Features: Lawn, Landscaped
  • Lot Description: Lawn, Landscaped, Street Lighting, Sidewalks, Street Paved, Exterior Security Lights, Fenced
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Driveway Gate, Driveway - Concrete, Driveway
  • Total Parking: 8
  • Covered Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Concrete, Driveway
Interior Features
Interior Features
  • Room Type: Living Room, Utility Room
  • Rooms: Dining Room, Living Room, Utility Room, Other
  • Fireplace Features: Decorative
  • Fireplace Rooms: Decorative
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling Type: Ceiling Fan, Window Unit(s), Other
  • Heating Type: Wall Gas
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer, Hood Fan, Built-Ins
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: In Unit, Room
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Roof: Flat
  • Sprinklers: Front
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-16-2022
  • Listing Terms: Cash, Cash To New Loan, Conventional
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 2924 12th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2924 12th Avenue

Taxable ValueLand$1,017,089Additions$328,093Total$1,345,182
Tax Record2023$16,842 ($1,403 / month)
Home Facts
Total Finished SqFt5,366 SqFtAbove Grade Finished SqFt5,366 SqFtLot Size6,750 SqFtStyleQuadraplexYear Built1929ZoningLARD1.5CountyLOS ANGELESAPN5051-025-006

Schools near 2924 12th Avenue

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
Charter - K to 8
Rating
School
Distance
Sixth Avenue Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

ISANA Nascent Academy
CharterK 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 Compass, Cristina Warfield, DRE #01823970

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.