Search
12618 S Wilmington Ave, Los Angeles, CA 90059
Image 2 for 12618 S Wilmington Ave, Los Angeles, CA 90059
Image 3 for 12618 S Wilmington Ave, Los Angeles, CA 90059
View Photos

12618 S Wilmington Ave Los Angeles, CA 90059

$1,020,000 Sold Price as of 08/31/2023
  • 6 Beds
  • 6 Baths
  • 3,432 Sq.Ft.
Sold
$1,020,000 Sold Price as of 08/31/2023 Refinance Your Mortgage
Map preview of 12618 S Wilmington Ave, Los Angeles, CA 90059

Property Overview: 12618 S Wilmington Ave Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,432 living square feet and 10,713 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Presenting a property comprising six functional and well-designed 1-bedroom, 1-bathroom units. With a substantial lot size of 10,713 square feet, this property offers ample space for outdoor activities and potential future expansion. The living square footage totals 3,432, ensuring comfortable living spaces within each unit. Whether seeking a lucrative investment or a practical living arrangement, this property provides a versatile and promising opportunity.

Listed by Ruben Sarinana Jr | BRE #01016100 | Century 21 A Better Service
Last checked: 17 minutes ago | Last updated: September 1st, 2023 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
10,713
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
DW23112555
City
Los Angeles
County
Los Angeles
Time on Site
304 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,465
  • Total Rent: $1,465
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $1,225
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,330
  • Total Rent: $1,330
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,520
  • Total Rent: $1,520
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $1,225
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,445
  • Total Rent: $1,445
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.44%
  • Gross Rent Multiplier: 13.2
  • Gross Scheduled Income: $98,520
  • Net Operating Income: $70,764
  • Gross Operating Income: --
  • Vacancy Allowance: $2,956
Annual Expense Breakdown
  • Total Operating Expense: $24,800
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $2,100
  • Insurance: $2,500
  • Maintenance: $1,000
  • Professional Management: $0
  • Water/Sewer: $4,200

Property Details for 12618 S Wilmington Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 6152001003
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: None
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: Exit on the 105 W, head south on Wilmington before El Segundo
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 12618 S Wilmington Ave

Last sold for $1,020,000 on August 31st, 2023

  • August, 2023

  • Aug 31, 2023

    Date

    Sold

    CRMLS: DW23112555

    $1,020,000

    Price

  • Jun 26, 2023

    Date

    Active

    CRMLS: DW23112555

    $1,300,000

    Price

  • April, 2023

  • Apr 13, 2023

    Date

    Expired

    CRMLS: PW22229272

    $1,250,000

    Price

  • Oct 25, 2022

    Date

    Active

    CRMLS: PW22229272

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    12618 S Wilmington Ave is nestled in the rapidly gentrifying Rosewood pocket of South Los Angeles. The single story building consists of all 1 bed/1 bath units with potential to increase rents. Subject property is down the street from the 700 unit Jordan Downs Development as well as Plaza Mexico providing long term appreciation and tenant convenience. There is ample on-site parking due to the huge 10,700 square foot lot. Transportation is made easy from accessibility to the 110/105 Freeways.

  • August, 2021

  • Aug 12, 2021

    Date

    Price Change

    CRMLS: DW21036872

    $1,299,950

    Price

  • May 24, 2021

    Date

    Price Change

    CRMLS: DW21036872

    $1,249,950

    Price

  • Feb 23, 2021

    Date

    Active

    CRMLS: DW21036872

    $1,299,950

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT PROPERTY! This property is located near the 105 FWY and Wilmington Ave. It is located 20 minutes away from the Los Angeles Airport providing easy access to Metro Expo Line, the 105 freeway, 110 Freeway, and Downtown Los Angeles nightlife, entertainment, restaurants, and employment opportunities. All Gas and Electrical meters are separately metered and each unit has its own individual water heater. Property has all paying tenants with rents near market value. This property is great for client looking to obtain CASH FLOW. 2 separate structures and parking for 1 car for each unit. Some units have had recent work done. Cap rate at 5% and room for growth. Please do not disturb the current tenants. LETS PUT THIS PROPERTY INTO ESCROW!!!

  • August, 2019

  • Aug 13, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 12618 S Wilmington Ave

Assessed Value (2020): $700,396
Year Land Value Improved Value Assessed Value
2020 $382,034 $318,362 $700,396

Home Value Compared to the Market

This property vs the competition

12618 S Wilmington Ave sold on August 31, 2023 for 13.81% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $348.19 per/sqft which puts the price per square foot 52.82% lower than the current median sale per square foot for the city of Los Angeles.

About 12618 S Wilmington Ave

Detailed summary of property

12618 S Wilmington Ave is a mixed use that recently sold in Los Angeles, CA 90059. This mixed use property offered 6 bedrooms, 6 bathrooms, roughly 3,432 living square feet, and sits on an approximately 10,713 square foot lot. 12618 S Wilmington Ave was first listed on ArdentRealEstateGroup.com on June 26, 2023. The homeowner sold the property for $1,020,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 13.81% higher than the current median priced home. Local homes that are currently for sale include 3110 S Normandie, 849 S Broadway #802 and 849 S Broadway #1005. While the average home in Los Angeles, CA is selling in 97 days, 12618 S Wilmington Ave has a days on market of 36 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 12618 S Wilmington Ave Los Angeles, CA 90059 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 12618 S Wilmington Ave

Public county record property details
Beds
12
Baths
6
Year built
1947
Sq. Ft.
3,432
Lot Size
10,713
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
91
APN
6152-001-003

The source for these homes facts are from public records.

90059 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$593,000
Median List Price/Sq.Ft.
$509
Median Sold Price
$560,000
Median Sold Price/Sq.Ft.
$510
Total Inventory
41
Median Sale to List Price %
100%
Avg Days on Market
33
Loan Type
Conventional (13.33%), FHA (53.33%), VA (0%), Cash (6.67%), Other (13.33%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 12618 S Wilmington Ave

Nearby Homes for Sale

9120 S Fir Ave, Los Angeles, CA 90002
$850,000
8 Beds
5 Baths
3469 Sq.Ft.
9120 S Fir Ave
Los Angeles, CA 90002
11726 S Budlong Ave, Los Angeles, CA 90044
$899,000
10 Beds
5 Baths
3724 Sq.Ft.
11726 S Budlong Ave
Los Angeles, CA 90044
8310 S Broadway, Los Angeles, CA 90003
$880,000
3 Beds
2 Baths
3014 Sq.Ft.
8310 S Broadway
Los Angeles, CA 90003
9401 S Normandie Ave, Los Angeles, CA 90044
$1,150,000
9 Beds
8 Baths
5033 Sq.Ft.
9401 S Normandie Ave
Los Angeles, CA 90044
1202 E Plymouth St, Long Beach, CA 90805
$995,000
0 Beds
1 Baths
3200 Sq.Ft.
1202 E Plymouth St
Long Beach, CA 90805
1300 W 57th St, Los Angeles, CA 90037
$982,500
6 Beds
5 Baths
3585 Sq.Ft.
1300 W 57th St
Los Angeles, CA 90037
2813 W Florence Ave, Los Angeles, CA 90043
$1,095,000
2 Beds
3 Baths
1940 Sq.Ft.
2813 W Florence Ave
Los Angeles, CA 90043
3522 Maple Ave, Los Angeles, CA 90011
$900,000
6 Beds
5 Baths
4032 Sq.Ft.
3522 Maple Ave
Los Angeles, CA 90011
1027 E 22nd St, Los Angeles, CA 90011
$949,000
5 Beds
5 Baths
3286 Sq.Ft.
1027 E 22nd St
Los Angeles, CA 90011
3300 E 8th St, Los Angeles, CA 90023
$875,000
2 Beds
2 Baths
3524 Sq.Ft.
3300 E 8th St
Los Angeles, CA 90023
3507 E 7th St, Los Angeles, CA 90023
$949,000
6 Beds
2 Baths
3147 Sq.Ft.
3507 E 7th St
Los Angeles, CA 90023
1850 E Industrial St #506, Los Angeles, CA 90021
$875,000
1 Beds
1 Baths
1147 Sq.Ft.
1850 E Industrial St #506
Los Angeles, CA 90021

Recently Sold Homes Near 12618 S Wilmington Ave

1679 E 108th St, Los Angeles, CA 90059
$387,500 Last Sold Price
2 Beds
1 Baths
1428 Sq.Ft.
1679 E 108th St
Los Angeles, CA 90059
9502 Anzac Ave, Los Angeles, CA 90002
$550,000 Last Sold Price
3 Beds
1 Baths
1612 Sq.Ft.
9502 Anzac Ave
Los Angeles, CA 90002
9308 Holmes Ave, Los Angeles, CA 90002
$940,000 Last Sold Price
6 Beds
5 Baths
2552 Sq.Ft.
9308 Holmes Ave
Los Angeles, CA 90002
10007 San Pedro St, Los Angeles, CA 90003
$770,000 Last Sold Price
9 Beds
20 Baths
4966 Sq.Ft.
10007 San Pedro St
Los Angeles, CA 90003

Related Resources to 12618 S Wilmington Ave

New Listings in 90059
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote