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2553 W 12Th St Los Angeles, CA 90006

$1,160,000 Sold Price as of 04/02/2022

8 Beds
7 Baths
4,120 Sq.Ft.

Sold

$1,160,000 Sold Price as of 04/02/2022 Refinance Your Mortgage

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Map preview of 2553 W 12Th St, Los Angeles, CA 90006

Property Overview: 2553 W 12Th St Los Angeles, CA has 8 bedrooms, 7 bathrooms, 4,120 living square feet and 5,996 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ** FLIP FLIP FLIP!! EXISTING 3 UNITS, 2 UNITS WILL BE DELIVERED VACANT. REMAINING 1 UNIT RELOCATION IS BEING DISCUSSED. ADU possibility with rear EXISTING BACK BUILDING(not permitted). ** DEVELOPERS - RARE R4 ZONING IN OPPORTUNITY ZONE!! 65 X 92 DIMENSION!! ANY 4 UNITS OR DEVELOP BY RIGHT 14 UNITS, TOC WILL ALLOW 26 UNITS & HEIGHT OF 67 FT. (PAID REPORT CAN BE EMAILED). The property is zoned R4-1VL, TOC Tier 3, and is within an opportunity zone. The TOC density bonus of 70% allows more units to be built in that location. Buyer to verify all facts and do their own due diligence. MOTIVATED SELLER!!

Listed by Max Lee | BRE #01905008 | eXp Realty of California Inc
Co-listed by Bruce Lee | BRE #02032112 | eXp Realty of California Inc

Last checked: 12 minutes ago | Last updated: April 3rd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft: 5,996
HOA Dues: $0/mo
Year built: 1923
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21773070
City: Los Angeles
County: Los Angeles
Time on Site: 1006 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,900

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,350
Total Rent: $1,250
Pro Forma/Market Rent: $2,200

Unit Breakdown 3

# of Units: 1
# of Beds: 4
# of Baths: 4
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $4,000

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,900

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2553 W 12Th St

Interior Features

Cooling Information

No Cooling
None

Heating Information

No Heating
None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 1
Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 3
Parcel Number: 5078026017

Location / Neighborhood

Location Information

Directions: West of Vermont Ave. South of Olympic Blvd. East of Normandie Ave. North of Pico.

View more facts & features

Local Los Angeles Agent

Sale History for 2553 W 12Th St

Last sold for $1,160,000 on April 2nd, 2022

August, 2021
Aug 25, 2021

Date

Pending

CRMLS: 21773070

$1,250,000

Price
Aug 16, 2021

Date

Active

CRMLS: 21773070

$1,250,000

Price
August, 2021
Aug 16, 2021

Date

Canceled

CRMLS: 21761268

$1,200,000

Price
Aug 13, 2021

Date

Price Change

CRMLS: 21761268

$1,200,000

Price
Aug 5, 2021

Date

Price Change

CRMLS: 21761268

$1,250,000

Price
Jul 30, 2021

Date

Price Change

CRMLS: 21761268

$1,200,000

Price
Jul 26, 2021

Date

Price Change

CRMLS: 21761268

$1,250,000

Price
Jul 15, 2021

Date

Active

CRMLS: 21761268

$1,300,000

Price
Listing provided courtesy of CRMLS

LAST CALL FOR OFFERS!! DELIVERED 100% VACANT AT COE!! LAST CALL FOR OFFERS ** PRICE DROPPED $50,000 FOR QUICK CLOSING ** CURRENTLY EXISTING 7 UNITS, 9A REPORT SHOWS 3 UNITS. LAND VALUE ONLY. BY RIGHT 14 UNITS, TOC WILL ALLOW 26 UNITS & HEIGHT OF 67 FT. (REPORT CAN BE EMAILED) OPPORTUNITY ZONE!! R-4. This is a land value. RARE R4 ZONING IN OPPORTUNITY ZONE!! 65 X 92 DIMENSION!! The property is zoned R4-1VL, TOC Tier 3, and is within an opportunity zone. The TOC density bonus of 70% allows more units to be built in that location. Buyer to verify all facts and do their own due diligence. Delivered 100% VACANT. MOTIVATED SELLER!!

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July, 2021
Jul 15, 2021

Date

Expired

CRMLS: 21749074

$1,250,000

Price
Jun 30, 2021

Date

Price Change

CRMLS: 21749074

$1,250,000

Price
Jun 15, 2021

Date

Active

CRMLS: 21749074

$1,300,000

Price
Listing provided courtesy of CRMLS

PRICE LOWERED $50,000.00 TO SELL FAST!! BY RIGHT 14 UNITS, TOC WILL ALLOW 26 UNITS & HEIGHT OF 67 FT. (REPORT CAN BE EMAILED) OPPORTUNITY ZONE!! R-4. This is a land value. RARE R4 ZONING IN OPPORTUNITY ZONE!! 65 X 92 DIMENSION!! The property is zoned R4-1VL, TOC Tier 3, and is within an opportunity zone. The TOC density bonus of 70% allows more units to be built in that location. Buyer to verify all facts and do their own due diligence. Delivered 100% VACANT

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June, 2021
Jun 11, 2021

Date

Expired

CRMLS: 21716898

$1,300,000

Price
Apr 22, 2021

Date

Withdrawn

CRMLS: 21716898

$1,300,000

Price
Apr 19, 2021

Date

Price Change

CRMLS: 21716898

$1,300,000

Price
Apr 9, 2021

Date

Active

CRMLS: 21716898

$1,400,000

Price
Listing provided courtesy of CRMLS

$100,000 Price DROPPED TO SELL QUICK!! OPPORTUNITY ZONE!! R-4. This is a land value deal with PZ-approved architectural plans for 16 units. Delivered Vacant at COE. RARE R4 ZONING IN OPPORTUNITY ZONE!! 65 X 92 DIMENSION!! The property is zoned R4-1VL, TOC Tier 3, and is within an opportunity zone. The TOC density bonus of 70% allows more units to be built in that location. The property could be developed if desired. All plans & permits are solely for informational purposes. Buyer to verify all information and do their own due diligence with the City of Los Angeles. Seller Extremely Motivated!!

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June, 2021
Jun 5, 2021

Date

Expired

CRMLS: 21722536

$1,251,000

Price
May 30, 2021

Date

Price Change

CRMLS: 21722536

$1,251,000

Price
May 26, 2021

Date

Price Change

CRMLS: 21722536

$1,249,000

Price
May 19, 2021

Date

Price Change

CRMLS: 21722536

$1,250,000

Price
May 7, 2021

Date

Price Change

CRMLS: 21722536

$1,200,000

Price
May 4, 2021

Date

Price Change

CRMLS: 21722536

$1,300,000

Price
Apr 22, 2021

Date

Active

CRMLS: 21722536

$1,400,000

Price
Listing provided courtesy of CRMLS

ANOTHER $100,000.00 TO SELL FAST!! BY RIGHT 14 UNITS, TOC WILL ALLOW 26 UNITS & HEIGHT OF 67 FT. (REPORT CAN BE EMAILED) OPPORTUNITY ZONE!! R-4. This is a land value. RARE R4 ZONING IN OPPORTUNITY ZONE!! 65 X 92 DIMENSION!! The property is zoned R4-1VL, TOC Tier 3, and is within an opportunity zone. The TOC density bonus of 70% allows more units to be built in that location. Buyer to verify all facts and do their own due diligence.

Continue Reading
April, 2021
Apr 1, 2021

Date

Expired

CRMLS: 21694088

$1,400,000

Price
Mar 3, 2021

Date

Price Change

CRMLS: 21694088

$1,400,000

Price
Feb 17, 2021

Date

Active

CRMLS: 21694088

$1,500,000

Price
Listing provided courtesy of CRMLS

OPPORTUNITY ZONE!! R-4. This is a land value deal with PZ-approved architectural plans for 16 units. Delivered Vacant at COE. RARE R4 ZONING IN OPPORTUNITY ZONE!! 65 X 92 DIMENSION!! The property is zoned R4-1VL, TOC Tier 3, and is within an opportunity zone. The TOC density bonus of 70% allows more units to be built in that location. The property could be developed if desired. All plans & permits are solely for informational purposes. Buyer to verify all information and do their own due diligence with the City of Los Angeles.

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February, 2021
Feb 16, 2021

Date

Canceled

CRMLS: 21674676

$1,400,000

Price
Jan 23, 2021

Date

Price Change

CRMLS: 21674676

$1,400,000

Price
Jan 8, 2021

Date

Active

CRMLS: 21674676

$1,500,000

Price
Listing provided courtesy of CRMLS

This is a land value deal with PZ approved architectural plans for 16 units. Delivered Vacant at COE. RARE R4 ZONING IN OPPORTUNITY ZONE!! 65 X 92 DIMENSION!! The property is zoned R4-1VL, TOC Tier 3, and is within an opportunity zone. The TOC density bonus of 70% allows more units to be built in that location. The property could be developed if desired. All plans & permits are solely for informational purposes. Buyer to verify all information and do their own due diligence with the City of Los Angeles.

Continue Reading
January, 2021
Jan 2, 2021

Date

Expired

CRMLS: 20637028

$1,500,000

Price
Nov 9, 2020

Date

Price Change

CRMLS: 20637028

$1,500,000

Price
Oct 28, 2020

Date

Price Change

CRMLS: 20637028

$1,400,000

Price
Sep 24, 2020

Date

Active

CRMLS: 20637028

$1,500,000

Price
Listing provided courtesy of CRMLS

LAST CALL FOR OFFERS: OFFER DEADLINE DECEMBER 29TH 2020, 3PM. Delivered Vacant at COE. RARE R4 ZONING IN OPPORTUNITY ZONE!! 65 X 92 DIMENSION!! The property is zoned R4-1VL, TOC Tier 3, and is within an opportunity zone. The TOC density bonus of 70% allows more units to be built in that location. The property could be developed if desired. All plans & permits are solely for informational purposes. Buyer to verify all information and do their own due diligence with the City of Los Angeles.

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October, 2019
Oct 18, 2019

Date

Sold (Public Records)

Public Records

$1,150,000

Price
October, 2019
Oct 18, 2019

Date

Sold (Public Records)

Public Records

--

Price
September, 2019
Sep 14, 2019

Date

Expired

CRMLS: 19467024

$1,195,000

Price
Aug 7, 2019

Date

Price Change

CRMLS: 19467024

$1,195,000

Price
May 16, 2019

Date

Active

CRMLS: 19467024

$1,350,000

Price
Listing provided courtesy of CRMLS

NEW UPDATE - 6 out of 7 now vacant, bringing GRM to 9.81 and Cap Rate to 7.5%This 7* unit property is comprised of two separate buildings. 4 of the units are nonconforming; however, there have been previously approved plans that will be available upon request. The first building is a one story building with a 3 Bed / 1 Bath and two Studios totaling up to 1820 SF. The second building is a two-story building with four 1 Bed / 1 Baths totaling up to 2300 SF. 6 of the 7 units are vacant. A savvy investor will be able to achieve instant upside. The property is zoned R4-1VL, TOC Tier 3, and is within an opportunity zone. The TOC density bonus of 70% allows more units to be built in that location. The property could be developed if desired. All plans & permits are solely for informational purposes. Buyer to verify all information and do their own due diligence with the City of Los Angeles.

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Tax History for 2553 W 12Th St

Assessed Value (2020): $1,150,240

Year	Land Value	Improved Value	Assessed Value
2020	$1,100,000	$50,240	$1,150,240

Home Value Compared to the Market

This property vs the competition

2553 W 12Th St sold on April 2, 2022 for 5.04% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $303.4 per/sqft which puts the price per square foot 59.81% lower than the current median sale per square foot for the city of Los Angeles.

About 2553 W 12Th St

Detailed summary of property

2553 W 12Th St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 4,120 living square feet, and sits on an approximately 5,996 square foot lot. 2553 W 12Th St was first listed on ArdentRealEstateGroup.com on August 16, 2021. The homeowner sold the property for $1,160,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 5.04% higher than the current median priced home. Local homes that are currently for sale include 1125 S Lake St, 1220 S Hobart Blvd and 1320 W 17th St. While the average home in Los Angeles, CA is selling in 92 days, 2553 W 12Th St has a days on market of 8 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2553 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 2553 W 12Th St

Public county record property details

Beds: 8
Baths: 7
Year built: --
Sq. Ft.: 4,120
Lot Size: 5,995
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 14,15
APN: 5078-026-017

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.

$602

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%)

Thinking of Selling?

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(714) 706-1823

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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.