2942 W 12th St Los Angeles, CA 90006

$1,298,000 Sold Price as of 01/12/2018

14 Beds
4 Baths
5,020 Sq.Ft.

Off Market

$1,298,000 Sold Price as of 01/12/2018 Refinance Your Mortgage

Map preview of 2942 W 12th St, Los Angeles, CA 90006

Property Overview: 2942 W 12th St Los Angeles, CA has 14 bedrooms, 4 bathrooms, 5,020 living square feet and 5,917 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2942 W 12th St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2942 W 12th St

Last sold for $1,298,000 on January 12th, 2018

August, 2021
Aug 14, 2021

Date

Expired

CRMLS: RS20238482

$1,350,000

Price
Jul 27, 2021

Date

Hold

CRMLS: RS20238482

$1,350,000

Price
Jul 8, 2021

Date

Price Change

CRMLS: RS20238482

$1,350,000

Price
Mar 15, 2021

Date

Price Change

CRMLS: RS20238482

$1,395,000

Price
Nov 16, 2020

Date

Active

CRMLS: RS20238482

$1,495,000

Price
Listing provided courtesy of CRMLS

$150K Price Reduction - 7.54% Pro Forma Cap Rate! INCREDIBLE opportunity for an owner occupant or developer. Massive 5,020 square foot triplex on a prime corner lot in Koreatown. The property is comprised of (1) large stand-alone two-story 5BD/2BA house (delivered vacant), (1) 3BD/1BA and (1) 4BD/2BA occupied by long term tenants on month to month leases. The 5BD/2BA house has modestly updated bathrooms and kitchen, washer/dryer and many charming original details. In addition, a previous inspection reported mainly copper plumbing throughout the property. This is an rare opportunity to purchase a value add Triplex in the heart of Los Angeles with over 50% upside in rents and future development potential. The property is zoned R-3 (medium density residential) and is located in a Tier 2 TOC density bonus area.

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January, 2018
Jan 12, 2018

Date

Sold

CRMLS: 17292498

$1,298,000

Price
Dec 14, 2017

Date

Pending

CRMLS: 17292498

$1,298,000

Price
Nov 28, 2017

Date

Active

CRMLS: 17292498

$1,298,000

Price
Listing provided courtesy of CRMLS

GREAT Investment Opportunity! This 3 Unit property is in a prime Koreatown location; 1 of 3 Units delivered vacant. The vacant unit is a massive 5 Bedroom, 2 Bathroom stand-alone home. This unit has an updated kitchen with new appliances, washer/dryer and tons of charming original details, all inside a large 2-story home. Occupied units are townhouse style, featuring one 4BR/2BA Unit and one 3BR/1.5BA Unit. There is also a large storage area separated into individual spaces for additional income. Gas and electricity are metered separately and each tenant pays for trash. Potential upside in rental income is enormous! Don't miss this wonderful investment property.

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January, 2018
Jan 12, 2018

Date

Sold (Public Records)

Public Records

$1,298,000

Price
September, 2015
Sep 2, 2015

Date

Sold (Public Records)

Public Records

$875,000

Price

Tax History for 2942 W 12th St

Assessed Value (2020): $1,351,049

Year	Land Value	Improved Value	Assessed Value
2020	$1,040,400	$310,649	$1,351,049

About 2942 W 12th St

Detailed summary of property

2942 W 12th St is categorized with a use code of Triplex (3 Units, Any Combination) in Los Angeles, CA 90006 and last sold on January 12, 2018 for $1,298,000. This property has 14 bedrooms, 4 bathrooms, roughly 5,020 living square feet, and sits on an approximately 5,917 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.89% higher than the current median priced home. 2942 W 12th St was last sold on January 12, 2018 for $1,298,000. Local nearby listings include 908 S Ardmore Ave #502, 1043 S Kenmore Ave #203 and 966 S St Andrews Pl #203. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 2942 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 2942 W 12th St

Public county record property details

Beds: 14
Baths: 4
Year built: 1905
Sq. Ft.: 5,020
Lot Size: 5,917
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5080-020-001

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.

$598

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$597

Total Inventory

Median Sale to List Price %

87.46%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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(714) 706-1823

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