$675,205
SOLD DEC 17, 2024

1212 Spence St Los Angeles, CA 90023

2 Beds
2 Baths
904 Sq Ft
4,000 Sq Ft Lot

Recently Sold

$747 Per Sq Ft

4% Below List Price

37 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Laundry Room
  • Felicitas and Gonzalo Mendez High Rated A-
  • Formal Dining Room
  • Walk-in Shower

About This Home

As of December 2024

Great location near everything and DTLA! This fantastic listing comes with an income generating property. Live in one and rent the other or use both. Options. These types of properties rarely come up for standard sale in this area. Take advantage of this phenomenal opportunity now!!!

Last Agent to Sell the Property

MARISELA MUNOZ

KELLER WILLIAMS REALTY COLLEGE PARK Brokerage Phone: 909-559-7859 License #02024488 Listed on: 09/19/2024

KELLER WILLIAMS REALTY COLLEGE PARK

Last Buyer's Agent

Sierra Taylor

eXp Realty of California, Inc. License #02153777

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,026

Year Built

  • Built in 1923

Lot Details

  • 4,000 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Duplex
  • Entry on the 1st floor
  • Raised Foundation

Interior Spaces

  • 904 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Neighborhood Views
  • Built-In Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer Hookup

Parking

  • Parking Available
  • Driveway

Additional Features

  • Exterior Lighting
  • Urban Location

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 150
  • Tax Tract Number 4838
  • Assessor Parcel Number 5191017016
  • $268 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,026

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 5191017016
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 904.00 Square Feet
  • Stories: 1
  • Entry Location: Side
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Room, Separated
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 746.91
  • Room Type: All Bedrooms Down, Kitchen
  • Bathroom Features: Shower

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: Yes
  • Appliances: Built-In Range
  • Laundry Features: Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4000.00
  • Lot Size Acres: 0.0918

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4000.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 2049.20
  • Tax Lot: 150
  • Tax Tract Number: 4838
  • TaxOtherAnnualAssessmentAmount: 268.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Nov 6, 2024
Sold by
Varela Family Trust and Segura Yolanda Varela
Bought by
Gallegos Manuel Angel
Seller's Agent
MARISELA MUNOZ
KELLER WILLIAMS REALTY COLLEGE PARK
Buyer's Agent
Sierra Taylor
eXp Realty of California, Inc.
List Price
$700,000
Sold Price
$675,205
Premium/Discount to List
-$24,795
-3.54%
Views
101
Current Estimated Value
$686,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,901
Avg. Annual Appreciation
1.22%
Original Mortgage
$689,721
Outstanding Balance
$684,848
Interest Rate
6.72%
Mortgage Type
VA
Estimated Equity
-$3,538

Purchase Details

Closed on
Sep 23, 2003
Sold by
Varela Candelario
Bought by
Varela Candelario and Varela Guadalupe
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $675,500 Socal Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $689,721 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2024 12/17/24 Sold $675,205 -0.7% $747 / Sq Ft
10/17/2024 10/17/24 Price Changed $680,000 -2.9% $752 / Sq Ft
09/19/2024 09/19/24 For Sale $700,000 -- $774 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,026 $675,500 $614,500 $61,000
2024 $1,026 $70,141 $39,147 $30,994
2023 $1,009 $68,767 $38,380 $30,387
2022 $967 $67,420 $37,628 $29,792
2021 $951 $66,099 $36,891 $29,208
2020 $954 $65,422 $36,513 $28,909
2019 $925 $64,141 $35,798 $28,343
2018 $839 $62,885 $35,097 $27,788
2016 $790 $60,445 $33,735 $26,710
2015 $779 $59,538 $33,229 $26,309
2014 $794 $58,373 $32,579 $25,794
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    MARISELA MUNOZ

    KELLER WILLIAMS REALTY COLLEGE PARK

    (909) 559-7859

    1 in this area

    8 Total Sales

    MARISELA MUNOZ
    Section Image
  • Sierra Taylor

    Buyer's Agent in 2024

    Sierra Taylor

    eXp Realty of California, Inc.

    (619) 636-1592

    1 in this area

    20 Total Sales

    Sierra Taylor
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24193085

California Regional Multiple Listing Service (CRMLS)

APN: 5191-017-016

California Los Angeles County Los Angeles 90023

1212 Spence St, Los Angeles, CA

This home is located at 1212 Spence St, Los Angeles, CA 90023 and is currently priced at $675,205, approximately $746 per square foot. This property was built in 1923. 1212 Spence St is a home located in Los Angeles County with nearby schools including Lorena Street Elementary School, Robert Louis Stevenson Middle School, and Theodore Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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