2300 West 12th Street

Los Angeles, CA 90006

$1,325,000
Price
9
Beds
6
Baths
4,032 Sq. Ft.
$329 / Sq. Ft.
4,032
Sq. Ft.
$329
per Sq. Ft.

Description

We are pleased to present this great investment income property in the heart of Los Angeles nearby Downtown LA (LA Convention Center, Crypto.com Arena, USC) and Korea-Town (bars, restaurants, and cafes). The Mid-Wilshire area is a highly dense neighborhood with high occupancy rates. The property has 6-Units and is Zoned LAR4 for future development potential on the corner of Hoover St. and 12th St. All tenants are current on rent. This 2-story apartment is an expansive 4,032 SF on a 6,272 SF lot with...We are pleased to present this great investment income property in the heart of Los Angeles nearby Downtown LA (LA Convention Center, Crypto.com Arena, USC) and Korea-Town (bars, restaurants, and cafes). The Mid-Wilshire area is a highly dense neighborhood with high occupancy rates. The property has 6-Units and is Zoned LAR4 for future development potential on the corner of Hoover St. and 12th St. All tenants are current on rent. This 2-story apartment is an expansive 4,032 SF on a 6,272 SF lot with 10 parking spaces. Units consist of one 3 beds and 2 baths unit, one 2 beds and 1 bath unit, two 1 bed and 1 bath units, and two studio units. Easy access to the 10, 101, and 110 freeways. The cap rate of 5.9% is based on current gross income ($114,300) and expenses with the new property tax amount at the asking price of $1,375,000.
  1. Listed by Yoon Kwak • DRE #01749340 • Brokerage DRE #01815269 • Sunnyside Group
  2. Listed by Roy Kwak • DRE #01815269 • Brokerage DRE #01815269 • Sunnyside Group

Property Details for 2300 West 12th Street

Zoning
LAR4
Parcel Number
5076015023
Total Units
6.0
Living Area
4032
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
6274
LISTING UPDATED: 12/20/2024 12:06 PM

Property Details for 2300 West 12th Street

StatusActive
MLS #24-453971
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
Lot Size0.14 AC / 6,274 SF
CountyLos Angeles County

Building Information for 2300 West 12th Street

Stories2Residences-Year Built1906Building Size-Lot Size0.14 AC / 6,274 SF

Property Information for 2300 West 12th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: East
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Conventional, Private, Submit
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $114,300
  • Net Operating Income: $81,062.00
  • Gross Income: $114,300
  • Cap Rate: 5.90%
  • Gross Rent Multiplier: $12.00
  • Actual Annual Gross Rent: $114,300.00
  • Actual Gross Annual Income: $114,300
  • Actual Rent Total: $114,300.00
  • Financial Info as Of: 10/01/2024
  • Owner Pays: Water, Electricity, Other
  • Total Annual Expense: 33238
  • Water Expense: $6,450.00
  • Electric Expense: $1,100.00
  • Trash Expense: $1,600.00
  • Tax Expense: $17,188
  • Insurance Expense: $6,900
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.144
  • Lot Size Square Feet: 6274
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Uncovered, Private
  • Total Parking: 10
  • Open Other Spaces Total: 10
  • Parking Features: Uncovered, Private
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Roof: Tile
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-01-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional, Private Financing Available, Standard Sale, Take Property As Is
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,050.00
  • Unit Actual Rent: $2,050.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,480.00
  • Unit Actual Rent: $1,480.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,460.00
  • Unit Actual Rent: $1,460.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,250.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,250.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,435.00
  • Unit Actual Rent: $2,435.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $341,347.00
  • Assessed Improvement Percent: 34.48
  • Assessed Land Value: $648,559.00
  • Assessed Land Percent: 65.52
  • Assessed Total Value: $989,906.00

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$661,530Additions$348,173Total$1,009,703
Tax Record2024$13,199 ($1,100 / 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

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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2300 West 12th Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on November 1, 2024 by Sunnyside Group, it's currently listed at $1,325,000. It has been on the market for a total of 50 days and was last sold on July 25, 2024. This listing's school district is Los Angeles Unified School District. Nearby schools include Leo Politi Elementary School, Berendo Middle School and Contreras Learning Center-School Of Social Justice. 2300 West 12th Street is a 9-bed, 6-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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sunnyside Group, Yoon Kwak, DRE #01749340; Sunnyside Group, Roy Kwak, DRE #01815269

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.