2012 S La Salle Ave, Los Angeles, CA 90018
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2012 S La Salle Ave Los Angeles, CA 90018

$1,199,000
  • 6 Beds
  • 4 Baths
  • 3,416 Sq.Ft.
For Sale
$1,199,000 Get Pre-Qualified

Map preview of 2012 S La Salle Ave, Los Angeles, CA 90018

Property Overview: 2012 S La Salle Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,416 living square feet and 7,503 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: Welcome to 2012 S La Salle Ave, an enticing investment nestled in the sought-after West-Adams Heights neighborhood of Los Angeles. This fourplex offers a mix of units, including a 3-bedroom, 1-bathroom unit and three 1-bedroom, 1-bathroom units, spread across two levels on a 7,500 SqFt lot with RD1.5 zoning. With approximately $66,708.00 in gross annual income, this property presents both immediate cash flow and potential for future growth. Each unit has a history of consistent rental income, providing a stable foundation for investors to build upon. Conveniently located mere minutes away from USC, Exposition Park, Crypto Arena & LA Live, and downtown LA, this property offers unparalleled access to amenities and attractions, ensuring high tenant demand. Don't let this opportunity slip away. Whether you're a seasoned investor seeking to diversify your portfolio or a first-time buyer looking to enter the lucrative world of real estate investment, 2012 S La Salle Ave has both financial stability and growth potential. Schedule a viewing today and seize the potential of this prime investment opportunity!

Listed by Noah Saha | BRE #02196567 | House Of Seven Gables Real Estate Inc.
Last checked: 13 minutes ago | Last updated: May 25th, 2024 | Source CRMLS | DOM: 116
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Home details

Lot Sq. Ft
7,503
HOA Dues
$0/mo
Year built
1916
Garage
--
Property Type:
Apartment
Status
Active
MLS#
SR24042553
City
Los Angeles
County
Los Angeles
Time on Site
116 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,784
  • Total Rent: $1,784
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,404
  • Total Rent: $1,404
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,108
  • Total Rent: $1,108
  • 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: $1,263
  • Total Rent: $1,263
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $66,708
  • Net Operating Income: $60,828
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,880
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,500
  • Insurance: $2,400
  • Water/Sewer: $1,500

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Property Details for 2012 S La Salle Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside, Upper Level
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range, Water Heater
Interior Features
  • Ceiling Fan(s), Copper Plumbing Partial, Dry Bar, Pantry, Recessed Lighting, Storage, Tile Counters
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5074029016
  • Year Built Source: Public Records
  • 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: South of Washington Blvd
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

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Sale History for 2012 S La Salle Ave

Last sold for $640,000 on August 26th, 2005
  • March, 2024

  • Mar 1, 2024

    Date

    Active

    CRMLS: SR24042553

    $1,249,900

    Price

  • April, 2023

  • Apr 23, 2023

    Date

    Expired

    CRMLS: DW22227828

    $1,300,000

    Price

  • Oct 22, 2022

    Date

    Active

    CRMLS: DW22227828

    $1,399,989

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 2012 S La Salle Ave, located in the HIGHLY DESIRED, THRIVING and EVER GROWING City of Los Angeles, CA, postal code 90018, in the WEST-ADAMS HEIGHTS Neighborhood! Situated approximately 1.7 Miles ( 7 minutes driving time ) from USC, 3 Miles ( 14 minutes driving time ) from Exposition Park, 2.8 Miles ( 11 minutes driving time ) from Crypto Arena & LA Live, 3 Miles ( 12 minutes driving time ) from the Heart of Downtown Los Angeles and is in close walking distance to major metro lines and public transportation. Talk about Location, Location Location! This charming generously sized, 3,416 gross living SqFt 4-unit, RD1.5 zoned apartment building has a ton of current and upside potential! With a mix breakdown containing a 3 bed 1 bath and 3 - 1 bed 1 baths split into two levels, on a generous sized 7,500 SqFt lot. Generating a gross annual income of approximately $64,140.00, the opportunities this property has to offer are truly endless! 2012 S La Salle Ave is a truly one of a kind, spectacular property and is the investment opportunity you have been searching for! Wether you're a seasoned investor / door hunter looking to expand your Real Estate portfolio or are a first time buyer looking to house hack and live in one, rent out the other. .. this is the property for YOU! Act Fast and Don't miss out!

  • April, 2021

  • Apr 22, 2021

    Date

    Active Under Contract

    CRMLS: 20608354

    $1,080,000

    Price

  • Mar 21, 2021

    Date

    Price Change

    CRMLS: 20608354

    $1,080,000

    Price

  • Feb 16, 2021

    Date

    Price Change

    CRMLS: 20608354

    $1,091,000

    Price

  • Nov 21, 2020

    Date

    Price Change

    CRMLS: 20608354

    $1,090,000

    Price

  • Oct 28, 2020

    Date

    Price Change

    CRMLS: 20608354

    $1,099,995

    Price

  • Sep 15, 2020

    Date

    Price Change

    CRMLS: 20608354

    $1,099,999

    Price

  • Jul 25, 2020

    Date

    Active

    CRMLS: 20608354

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 4 unit building sitting on 7500 square foot lot with space to build 2 ADUs in the back (buyer to do their own investigation) located in the heart of Los Angeles, just 5 minutes to Downtown LA, USC , North of the 10 freeway by Korea Town, close to 110 freeways, 20 minutes to LA Airport, close to shopping and schools on a wide quiet street with tree lined sidewalks and a stable neighborhood. Perfect for investors, developers and owner users. Live in one, rent the other 3. Property consists of 4 units...one is a 2 bedroom 1 bath and three are 1 bedroom 1 bath. Delivered with tenants. The area has new developments. Potential to increase unit count by building 2 units in the back.

  • September, 2020

  • Sep 13, 2020

    Date

    Canceled

    CRMLS: SB20009019

    $1,050,000

    Price

  • Aug 28, 2020

    Date

    Active

    CRMLS: SB20009019

    $1,050,000

    Price

  • Jun 1, 2020

    Date

    Hold

    CRMLS: SB20009019

    $1,050,000

    Price

  • Jun 1, 2020

    Date

    Active

    CRMLS: SB20009019

    $1,050,000

    Price

  • Jan 14, 2020

    Date

    Hold

    CRMLS: SB20009019

    $1,050,000

    Price

  • Jan 14, 2020

    Date

    Active

    CRMLS: SB20009019

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    Harvard Heights - Quiet tree lined street. Great opportunity for an owner-user or investor, this property provides FOUR desirable units in the heart of Mid-City. Three units feature 1bd/1ba, and 1 Unit is a 2bed/1bath. Most windows providing ample natural light, Nice size car spaces, and spacious rear courtyard. . The units are individually metered for both gas and electricity. Situated minutes from 1-10 Freeway and Metro Expo Line, providing an easy commute to Downtown and Westside Los Angeles.

  • January, 2020

  • Jan 1, 2020

    Date

    Expired

    CRMLS: SB19060442

    $1,050,000

    Price

  • Jan 1, 2020

    Date

    Active

    CRMLS: SB19060442

    $1,050,000

    Price

  • Aug 12, 2019

    Date

    Hold

    CRMLS: SB19060442

    $1,050,000

    Price

  • Aug 10, 2019

    Date

    Active

    CRMLS: SB19060442

    $1,050,000

    Price

  • Jul 1, 2019

    Date

    Hold

    CRMLS: SB19060442

    $1,050,000

    Price

  • Jun 30, 2019

    Date

    Active

    CRMLS: SB19060442

    $1,050,000

    Price

  • Jun 5, 2019

    Date

    Hold

    CRMLS: SB19060442

    $1,050,000

    Price

  • Jun 2, 2019

    Date

    Active

    CRMLS: SB19060442

    $1,050,000

    Price

  • May 11, 2019

    Date

    Hold

    CRMLS: SB19060442

    $1,050,000

    Price

  • May 11, 2019

    Date

    Active

    CRMLS: SB19060442

    $1,050,000

    Price

  • Apr 19, 2019

    Date

    Hold

    CRMLS: SB19060442

    $1,050,000

    Price

  • Mar 22, 2019

    Date

    Active

    CRMLS: SB19060442

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    Harvard Heights - Quiet tree lined street. Great opportunity for an owner-user or investor, this property provides FOUR desirable units in the heart of Mid-City. Three units feature 1bd/1ba, and 1 Unit is a 2bed/1bath. Most windows providing ample natural light, Nice size car spaces, and spacious rear courtyard. . The units are individually metered for both gas and electricity. Situated minutes from 1-10 Freeway and Metro Expo Line, providing an easy commute to Downtown and Westside Los Angeles.

  • August, 2005

  • Aug 26, 2005

    Date

    Sold (Public Records)

    Public Records

    $640,000

    Price

  • January, 2005

  • Jan 3, 2005

    Date

    Sold (Public Records)

    Public Records

    $585,000

    Price

Show More

Tax History for 2012 S La Salle Ave

Assessed Value (2020): $799,712
Year Land Value Improved Value Assessed Value
2020 $718,496 $81,216 $799,712

Home Value Compared to the Market

This property vs the competition

2012 S La Salle Ave is listed 4% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $351 per/sqft which puts the price per square foot 54.88% lower than the median price per square foot for the city of Los Angeles.

About 2012 S La Salle Ave

Detailed summary of property

2012 S La Salle Ave is a apartment located in Los Angeles, CA 90018 and is currently for sale. This apartment offers 6 bedrooms, 4 bathrooms, roughly 3,416 living square feet, and sits on an approximately 7,503 square foot lot. 2012 S La Salle Ave was first listed on ArdentRealEstateGroup.com on March 1, 2024. The homeowner is currently asking $1,199,000 and was originally asking $1,249,900. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 4% lower than the median priced home. Local competing homes currently for sale include 2621 Juliet St, 2324 W Washington Blvd and 2023 W 28th St. While the average home in Los Angeles, CA is selling in 98 days, 2012 S La Salle Ave has a days on market of 116 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 2012 S La Salle Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2012 S La Salle Ave

Public county record property details
Beds
5
Baths
4
Year built
1916
Sq. Ft.
3,416
Lot Size
7,500
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5074-029-016

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$924,999
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,130,000
Median Sold Price/Sq.Ft.
$712
Total Inventory
53
Median Sale to List Price %
103.2%
Avg Days on Market
45
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (22.22%), 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.