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1835 W 12th St Los Angeles, CA 90006

$950,000

7 Beds
3.75 Baths
3,120 Sq.Ft.

For Sale

$950,000 Get Pre-Qualified

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Map preview of 1835 W 12th St, Los Angeles, CA 90006

Property Overview: 1835 W 12th St Los Angeles, CA has 7 bedrooms, 3.75 bathrooms, 3,120 living square feet and 6,251 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: Five units separately metered for gas and electricity. Driveway allows entrance onto property with limited parking space. A heart beat away from DTLA, Staples Center, L.A. Live, and much more. Close proximity to public transportation. Spacious back yard.

Listed by Dan Morales | BRE #00526543 | Eastside Properties

Last checked: 12 minutes ago | Last updated: January 12th, 2023 | Source CRMLS | DOM: 466

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Home details

Lot Sq. Ft: 6,251
HOA Dues: $0/mo
Year built: 1908
Garage: --
Property Type:: Multi Family

Status: Active
MLS#: TR22151899
City: Los Angeles
County: Los Angeles
Time on Site: 665 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 1
# of Electric Meters: 5
# of Gas Meters: 5
# 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: $795
Total Rent: $795
Pro Forma/Market Rent: $1,500

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,079
Total Rent: $1,079
Pro Forma/Market Rent: $1,500

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,213
Total Rent: $1,213
Pro Forma/Market Rent: $1,800

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $724
Total Rent: $724
Pro Forma/Market Rent: $1,800

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $897
Total Rent: $897
Pro Forma/Market Rent: $1,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $56,496
Net Operating Income: $38,196
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $18,300
Electric: $1,000
Trash: $1,000
Insurance: $1,000
Maintenance: $3,000
Professional Management: $1,650
Water/Sewer: $9,000

Open Houses for 1835 W 12th St

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Property Details for 1835 W 12th St

Interior Features

Cooling Information

No Cooling
None

Laundry Information

No Laundry
None

Fireplace Information

No Fireplace
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: Rectangular Lot, Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 5
Parcel Number: 5136021007
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: South of Olympic Blvd west of Union Avenue

Neighborhood Information

Community Features: Street Lights

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Local Los Angeles Agent

Sale History for 1835 W 12th St

View property's historical transactions

December, 2023
Dec 1, 2023

Date

Expired

CRMLS: TR23106093

$950,000

Price
Jun 14, 2023

Date

Active

CRMLS: TR23106093

$950,000

Price
Listing provided courtesy of CRMLS

Five units separately metered for gas and electricity.

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July, 2022
Jul 11, 2022

Date

Active

CRMLS: TR22151899

$950,000

Price
July, 2022
Jul 1, 2022

Date

Expired

CRMLS: TR22026379

$950,000

Price
Feb 9, 2022

Date

Active

CRMLS: TR22026379

$950,000

Price
Listing provided courtesy of CRMLS
July, 2021
Jul 20, 2021

Date

Expired

CRMLS: CV20181342

$840,000

Price
Jul 20, 2021

Date

Active

CRMLS: CV20181342

$840,000

Price
Jul 19, 2021

Date

Hold

CRMLS: CV20181342

$840,000

Price
Jul 19, 2021

Date

Active

CRMLS: CV20181342

$840,000

Price
Feb 17, 2021

Date

Active Under Contract

CRMLS: CV20181342

$840,000

Price
Jan 20, 2021

Date

Active

CRMLS: CV20181342

$840,000

Price
Jan 10, 2021

Date

Active Under Contract

CRMLS: CV20181342

$840,000

Price
Oct 29, 2020

Date

Active

CRMLS: CV20181342

$840,000

Price
Oct 21, 2020

Date

Pending

CRMLS: CV20181342

$840,000

Price
Sep 3, 2020

Date

Active

CRMLS: CV20181342

$840,000

Price
Listing provided courtesy of CRMLS

LOCATION!! LOCATION!! LOCATION!! Close to LA LIVE, Staples Center and Downtown LA, public transportation, restaurants, 110 and 10 fwys. The property features: Three 1/1 and one unit 2/1 All four units have new plumbing in bathroom. Units 1 AND 3 have newly remodeled kitchen with new plumbing in kitchen and bathroom. Building painted 2 years ago!! Very spacious front and back yards. All units will be delivered tenant occupied. Perfect for a savvy investor looking to capitalize on the aggressive expansion of Downtown L.A. Easy to manage, with great cash flow. Buyer to verify with the city the number of total permitted units and building size.

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Tax History for 1835 W 12th St

Assessed Value (2020): $52,629

Year	Land Value	Improved Value	Assessed Value
2020	$37,411	$15,218	$52,629

Home Value Compared to the Market

This property vs the competition

1835 W 12th St is listed 24% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $304.49 per/sqft which puts the price per square foot 60.96% lower than the median price per square foot for the city of Los Angeles.

About 1835 W 12th St

Detailed summary of property

1835 W 12th St is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 7 bedrooms, 3.75 bathrooms, roughly 3,120 living square feet, and sits on an approximately 6,251 square foot lot. 1835 W 12th St was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner is currently asking $950,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 24% lower than the median priced home. Local competing homes currently for sale include 1256 W 22nd St, 1415 W 22nd St and 1421 W 22nd St. While the average home in Los Angeles, CA is selling in 93 days, 1835 W 12th St has a days on market of 466 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 1835 W 12th St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1835 W 12th St

Public county record property details

Beds: 4
Baths: 4
Year built: 1908
Sq. Ft.: 3,120
Lot Size: 6,250
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 5136-021-007

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$606

Median Sold Price

$690,000

Median Sold Price/Sq.Ft.

$600

Total Inventory

Median Sale to List Price %

98.71%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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.