3030 West 12th Place

3030 West 12th Place

Los Angeles, CA 90006

$1,310,000
Last Sold Price
7,010 / 0.16
Lot Size / Acres

Sold 10/1/21

Sold 10/1/21

Description

We are proud to exclusively present for sale a side-by-side 1,936 SF Duplex with redevelopment or expansion potential situated in Koreatown that will be delivered vacant! With 7,010 SF of R4-1VL Tier 3 TOC land, a new owner may build 17 Units by Right or 31 with TOC. Alternately, adding units by ADU for the parking benefits, building a 4Plex or doing an Affordable Housing Project are other potential options. The existing Duplex, with one unit recently remodeled and in move-in condition and the other...We are proud to exclusively present for sale a side-by-side 1,936 SF Duplex with redevelopment or expansion potential situated in Koreatown that will be delivered vacant! With 7,010 SF of R4-1VL Tier 3 TOC land, a new owner may build 17 Units by Right or 31 with TOC. Alternately, adding units by ADU for the parking benefits, building a 4Plex or doing an Affordable Housing Project are other potential options. The existing Duplex, with one unit recently remodeled and in move-in condition and the other unit needing a little TLC, boasts period built-ins and wood floors. The property has two one-car garages and a screened-off area attached to the garages. The property is a stones throw to the intersection of Pico Blvd. and Western Ave. in what Walk Score calls a Walkers Paradise, with restaurants, shops, markets, public transportation and nightlife. Located 0.2 Miles to The Original El Cholo, under one mile to the 10 Freeway On-Ramp, 2.7 miles to the Staples Center and 3 miles to USC, this location will find you the tenants you seek. Priced to sell at under $200 PSF on the land and $45k per unit on the maximum density potential!
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01396547 • Compass

Property Details for 3030 West 12th Place

Zoning
R4-1VL Tier 3
Cross Streets
Pico Blvd. and Western Ave.
Parcel Number
5080012019
Area
Mid-Wilshire (C17)
Lot Size Area
7010
Source Lot Size Area
Assessor
Present Use
Duplex. Delivered vacant at Close of Escrow.
Potential Usage
17 Units by Right. 31 by TOC.

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474

Sold By Vinco Vinco Realty & Investments Inc, Christopher Martinez Diaz, DRE #01917060

Add your commute
LISTING UPDATED: 10/05/2021 09:53 AM

Property Details for 3030 West 12th Place

StatusSold
MLS #21-752182
Days on Market86
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.16 AC
CountyLos Angeles County

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474

Sold By Vinco Vinco Realty & Investments Inc, Christopher Martinez Diaz, DRE #01917060

Add your commute

Building Information for 3030 West 12th Place

Lot Size0.16 AC

Payment Calculator

$8,556 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,149

Property Taxes

$1,407

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3030 West 12th Place

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Other
Contract Info
Contract Info
  • Disclosures: As Is, Owner Has R.E. License, Other, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Other, Rent Control
  • Lot Acreage: 0.1609
  • Lot Size Square Feet: 7010
  • Lot Size Dimensions: 48x145
  • Source Lot Size Dimensions: Assessor
  • Telephone: 1.0
  • Cable: 1.0
  • Possible New Zone: 17 Units by Right. 31 by TOC.
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 06-22-2021

Property History for 3030 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 3030 West 12th Place

Taxable ValueLand$918,000Additions$459,000Total$1,377,000
Tax Record2023$16,882 ($1,407 / month)
Home Facts
Total Finished SqFt1,936 SqFtAbove Grade Finished SqFt1,936 SqFtLot Size7,011 SqFtStyleDuplexYear Built1922ZoningLAR4CountyLOS ANGELESAPN5080-012-019

Schools near 3030 West 12th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Los Angeles Elementary School
Public - K to 5
Pio Pico Middle School
Public - 6 to 8
West Adams Preparatory High School
Public - 9 to 12
Global Education Academy Middle School
Charter - 6 to 8
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Pio Pico Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Global Education Academy Middle School
Charter6 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.

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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, Dario Svidler, DRE #01884474

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.