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1212 S Hicks Ave, Los Angeles, CA 90023
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1212 S Hicks Ave Los Angeles, CA 90023

$1,495,000
  • 6 Beds
  • 4 Baths
  • 2,216 Sq.Ft.
For Sale
$1,495,000 Get Pre-Qualified
Map preview of 1212 S Hicks Ave, Los Angeles, CA 90023

Property Overview: 1212 S Hicks Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,216 living square feet and 5,207 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Come see this exclusive opportunity to acquire a multi family building comprised of four units located in East Los Angeles where you can live in one and rent out the others. With low property maintenance and each unit individually metered, it helps bring down the monthly expenses. The two front units are fully remodeled with new windows, comes with stackable washer/dryer combo, mini splits and appliances. The ADU is fully remodeled with mini split and washer and dryer hook ups. The occupied unit has its own separate laundry room with room for upside potential. With excellent proximity to shopping, entertainment districts, hospitals, schools and restaurants, this four plex has a unique opportunity for short and long-term rentals alike.

Listed by EDGAR SARABIA | BRE #01730229 | MERAKI REALTY MANAGEMENT
Last checked: 15 minutes ago | Last updated: September 1st, 2024 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
5,207
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
MB24167211
City
Los Angeles
County
Los Angeles
Time on Site
37 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Leased Units: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Negotiable
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Negotiable
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,089
  • Total Rent: $1,089
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $104,268
  • Net Operating Income: $78,941
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $25,327
  • New Taxes: $18,687
  • Trash: $0
  • Insurance: $3,840
  • Water/Sewer: $2,800

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Property Details for 1212 S Hicks Ave

Interior Features
Cooling Information
  • Has Cooling
  • Ductless
Heating Information
  • Has Heating
  • Ductless
Laundry Information
  • Has Laundry
  • Inside
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Estimated
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5242011003
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between Indiana St & Ditman Ave (South of Olympic) - Traveling west on Olympic make a right on Hicks. Traveling East on Olympic make a left on Hicks.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1212 S Hicks Ave

Last sold for $375,000 on January 28th, 2005

  • August, 2024

  • Aug 13, 2024

    Date

    Active

    CRMLS: MB24167211

    $1,495,000

    Price

  • January, 2005

  • Jan 28, 2005

    Date

    Sold (Public Records)

    Public Records

    $375,000

    Price

Show More

Tax History for 1212 S Hicks Ave

Assessed Value (2020): $58,222
Year Land Value Improved Value Assessed Value
2020 $20,367 $37,855 $58,222

Home Value Compared to the Market

This property vs the competition

1212 S Hicks Ave is listed 24.58% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $674.64 per/sqft which puts the price per square foot 12.16% lower than the median price per square foot for the city of Los Angeles.

About 1212 S Hicks Ave

Detailed summary of property

1212 S Hicks Ave is a fourplex located in Los Angeles, CA 90023 and is currently for sale. This fourplex offers 6 bedrooms, 4 bathrooms, roughly 2,216 living square feet, and sits on an approximately 5,207 square foot lot. 1212 S Hicks Ave was first listed on ArdentRealEstateGroup.com on August 13, 2024. The homeowner is currently asking $1,495,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 24.58% higher than the median priced home. Local competing homes currently for sale include 5371 Louis Pl, 4421 Floral Drive and 1137 Miller Ave. While the average home in Los Angeles, CA is selling in 106 days, 1212 S Hicks Ave has a days on market of 29 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 1212 S Hicks Ave Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1212 S Hicks Ave

Public county record property details
Beds
4
Baths
2
Year built
1927
Sq. Ft.
1,856
Lot Size
5,206
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
291
APN
5242-011-003

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$604
Total Inventory
18
Median Sale to List Price %
106.55%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (25%), VA (0%), Cash (0%), Other (50%)

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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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