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2375 W 12Th St, Los Angeles, CA 90006
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2375 W 12Th St Los Angeles, CA 90006

$2,880,000
  • 14 Beds
  • 11 Baths
  • 12,306 Sq.Ft.
For Sale
$2,880,000 Get Pre-Qualified
Map preview of 2375 W 12Th St, Los Angeles, CA 90006

Property Overview: 2375 W 12Th St Los Angeles, CA has 14 bedrooms, 11 bathrooms, 12,306 living square feet and 14,000 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: Highly sought after turnkey investment located just south of Olympic Blvd. This 11-unit apartment building complex, built in 1923 has many value add opportunities. With 65% upside in rental income this is an investors dream. A great unit mix consisting of 6 one-bedroom units, 4 two-bedroom units, and one studio unit. With 2 separate parking structures any savvy investor could add 2-3 ADU units adding even more value to this asset. The utilities are separately mattered for gas and electricity. Located in a highly tenant competitive rental market in Koreatown with a walk score of 91.

Listed by Jacob Kesherim | BRE #01928381 | Keller Williams Beverly Hills
Last checked: 8 minutes ago | Last updated: March 20th, 2024 | Source CRMLS | DOM: 45
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Home details

Lot Sq. Ft
14,000
HOA Dues
$0/mo
Year built
1923
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
24368016
City
Los Angeles
County
Los Angeles
Time on Site
48 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 2
  • # of Leased Units: 11
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,120
  • Total Rent: $6,719
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,224
  • Total Rent: $4,895
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $780
  • Total Rent: $780
  • Pro Forma/Market Rent: $1,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3%
  • Gross Rent Multiplier: 18
  • Gross Scheduled Income: $154,722
  • Net Operating Income: $89,667
  • Gross Operating Income: $15,080
  • Laundry Income: $200
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $3,450
  • New Taxes: $33,819
  • Gardener: $1,000
  • Insurance: $5,488
  • Maintenance: $7,920

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Property Details for 2375 W 12Th St

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Entry, Living Room, Primary Bathroom
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Window Features: Garden Window(s), French/Mullioned
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Street, Parking Space, Garage Door Opener, Controlled Entrance, Side by Side, Uncovered, Garage - Two Door, Assigned, Driveway, Concrete, Private, Shared Driveway
Lot Information
  • Lot Features: Rectangular Lot, Lawn, Landscaped
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 11
  • Parcel Number: 5076012009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property Condition: Repairs Cosmetic, Fixer, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other, Septic Type Unknown
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Hoover St, East of Western Ave, North of Pico Blvd, & South of Olympic Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 2375 W 12Th St

Last sold for $255,000 on December 17th, 1997

  • March, 2024

  • Mar 12, 2024

    Date

    Active

    CRMLS: 24368016

    $2,880,000

    Price

  • April, 2021

  • Apr 23, 2021

    Date

    Expired

    CRMLS: 20673806

    $2,880,000

    Price

  • Dec 28, 2020

    Date

    Active

    CRMLS: 20673806

    $2,880,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present for sale 2375 W 12th Street, an 11-Unit multi-family apartment located in the Koreatown neighborhood of Los Angeles California, bordering Downtown. The property is a two story, garden style apartment building with parking and storage in the rear. The building totals12,306 rentable square feet situated on an approximately 13,999square foot corner lot. Originally built in 1923, this apartment is being offered for the very first time on market within the past 20 years. The rents at this property are approximately 40% below market rates due to long term tenants. With updated market rents, the property has the potential to achieve a 5.07% CAP rate. This apartment building is conveniently located within minutes to downtown Los Angeles and the center of Koreatown. In addition, this property is an ideal candidate for redevelopment* due to its R4-01 zoning, in the Transit Priority Area in the City of Los Angeles. * = Buyer should complete the

  • December, 1997

  • Dec 17, 1997

    Date

    Sold (Public Records)

    Public Records

    $255,000

    Price

  • December, 1997

  • Dec 17, 1997

    Date

    Sold (Public Records)

    Public Records

    $237,000

    Price

Show More

Tax History for 2375 W 12Th St

Assessed Value (2020): $379,731
Year Land Value Improved Value Assessed Value
2020 $312,729 $67,002 $379,731

Home Value Compared to the Market

This property vs the competition

2375 W 12Th St is listed 133.2% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $234.03 per/sqft which puts the price per square foot 69.76% lower than the median price per square foot for the city of Los Angeles.

About 2375 W 12Th St

Detailed summary of property

2375 W 12Th St is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 14 bedrooms, 11 bathrooms, roughly 12,306 living square feet, and sits on an approximately 14,000 square foot lot. 2375 W 12Th St was first listed on ArdentRealEstateGroup.com on March 18, 2024. The homeowner is currently asking $2,880,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 133.2% higher than the median priced home. Local competing homes currently for sale include 2143 Portland St, 2327 S Budlong Ave and 1470 W Adams Blvd. While the average home in Los Angeles, CA is selling in 94 days, 2375 W 12Th St has a days on market of 45 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2375 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 2375 W 12Th St

Public county record property details
Beds
20
Baths
11
Year built
1923
Sq. Ft.
12,306
Lot Size
13,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
33,34
APN
5076-012-009

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.
$611
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
36
Median Sale to List Price %
98.71%
Avg Days on Market
36
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.

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