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12118 S Broadway, Los Angeles, CA 90061
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12118 S Broadway Los Angeles, CA 90061

$625,000 Sold Price as of 07/08/2021
  • 4 Beds
  • 2 Baths
  • 1,627 Sq.Ft.
Sold
$625,000 Sold Price as of 07/08/2021 Refinance Your Mortgage
Map preview of 12118 S Broadway, Los Angeles, CA 90061

Property Overview: 12118 S Broadway Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,627 living square feet and 6,592 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 12118 Broadway. The subject property has two 2 bedroom/1 bath units, one of which will be delivered move in ready. This is perfect as an owner user can immediately move it or an investor can select their tenant at market rent. 12218 Broadway is over a 1600 sq ft property sitting on a 6,592 sq ft R3 lot. Great for a FHA buyer!

Listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Lucas Herbst | BRE #02081382 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 150

Home details

Lot Sq. Ft
6,592
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB20248527
City
Los Angeles
County
Los Angeles
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,852
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,485
  • Total Rent: $1,485
  • Pro Forma/Market Rent: $1,852
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.43%
  • Gross Rent Multiplier: 17.45
  • Gross Scheduled Income: $35,820
  • Net Operating Income: $21,414
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $12,615
  • Electric: $1,600
  • Gas/Fuel: $0
  • New Taxes: $7,813
  • Trash: $0
  • Insurance: $569
  • Water/Sewer: $0

Property Details for 12118 S Broadway

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 2
  • Parcel Number: 6132032012
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Eastbound on W 120th St, turn right onto S Broadway. Property is on the left.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 12118 S Broadway

Last sold for $625,000 on July 8th, 2021

  • July, 2021

  • Jul 12, 2021

    Date

    Sold

    CRMLS: SB20248527

    $625,000

    Price

  • May 14, 2021

    Date

    Pending

    CRMLS: SB20248527

    $625,000

    Price

  • Apr 20, 2021

    Date

    Active

    CRMLS: SB20248527

    $625,000

    Price

  • Apr 2, 2021

    Date

    Active Under Contract

    CRMLS: SB20248527

    $625,000

    Price

  • Mar 25, 2021

    Date

    Pending

    CRMLS: SB20248527

    $625,000

    Price

  • Mar 23, 2021

    Date

    Active Under Contract

    CRMLS: SB20248527

    $625,000

    Price

  • Feb 11, 2021

    Date

    Pending

    CRMLS: SB20248527

    $625,000

    Price

  • Feb 10, 2021

    Date

    Active

    CRMLS: SB20248527

    $625,000

    Price

  • Feb 1, 2021

    Date

    Pending

    CRMLS: SB20248527

    $625,000

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: SB20248527

    $625,000

    Price

  • Jan 15, 2021

    Date

    Active Under Contract

    CRMLS: SB20248527

    $625,000

    Price

  • Jan 4, 2021

    Date

    Pending

    CRMLS: SB20248527

    $625,000

    Price

  • Nov 30, 2020

    Date

    Active

    CRMLS: SB20248527

    $625,000

    Price

  • September, 2011

  • Sep 13, 2011

    Date

    Sold (Public Records)

    Public Records

    $893,454

    Price

  • April, 2007

  • Apr 25, 2007

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 12118 S Broadway

Assessed Value (2020): $201,756
Year Land Value Improved Value Assessed Value
2020 $114,847 $86,909 $201,756

Home Value Compared to the Market

This property vs the competition

12118 S Broadway sold on July 8, 2021 for 44.2% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $384.14 per/sqft which puts the price per square foot 46.94% lower than the current median sale per square foot for the city of Los Angeles.

About 12118 S Broadway

Detailed summary of property

12118 S Broadway is a multi family that recently sold in Los Angeles, CA 90061. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,627 living square feet, and sits on an approximately 6,592 square foot lot. 12118 S Broadway was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $625,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 44.2% lower than the current median priced home. Local homes that are currently for sale include 829 E Century Blvd, 1609 W 107th St and 1503 E 109th St. While the average home in Los Angeles, CA is selling in 106 days, 12118 S Broadway has a days on market of 150 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 12118 S Broadway Los Angeles, CA 90061 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 12118 S Broadway

Public county record property details
Beds
4
Baths
2
Year built
1948
Sq. Ft.
1,627
Lot Size
6,592
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
6132-032-012

The source for these homes facts are from public records.

90061 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$582,500
Median List Price/Sq.Ft.
$500
Median Sold Price
$555,000
Median Sold Price/Sq.Ft.
$391
Total Inventory
19
Median Sale to List Price %
105.71%
Avg Days on Market
66
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (20%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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