NOT LISTED FOR SALE

12340 Tennessee Ave Los Angeles, CA 90064

Sawtelle Neighborhood
10 Beds
9 Baths
3,827 Sq Ft
6,250 Sq Ft Lot

Last Sold June 09, 2023

Last sale price $1,652,000 $432 Per Sq Ft

56 Days on Market

Highlights

  • Gated Home
  • Richland Avenue Elementary Rated A-
  • 4-minute walk to Expo/Bundy

About This Home

As of June 2023

2302 S. Carmelina Ave. & 12340 Tennessee Ave. is a rare multi-family investment opportunity located in the heart of LA's famed community of Rancho Park. Consisting of 9 units set amongst 3 properties and lushly landscaped grounds, the buildings boast a great unit mix consisting of spacious 1-bedroom and studio floor plans and a home. The buildings represent a quintessential value-add opportunity rarely available in such a prime location. The unit mix includes (1) 1-bed, 1-bath house with a den, (4) 1-bed, 1-bath units, and (4) efficiency units. Please note, the original configuration of the property consisted of a house and 4 units. The 4 units were all 2 bedroom two bath units and were converted to 4 one bedroom one bath units and 4 efficiency units. Certificate of occupancy shows 5 units. Each of the units offers an abundance of rental upside. Additional property features include on-site parking, an on-site laundry facility, and gated entry. Priced at a low $255,000 per unit, this basis is rarely seen on the Westside. A quick walk to high-end dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire an easy to manage turn-key asset in one of the best locations of the Westside.

Last Agent to Sell the Property

Errol Spiro

Miller & Desatnik Realty Co. License #00893163 Listed on: 02/14/2023

Co-Listed By

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169

Last Buyer's Agent

Glenn Brander

Miller & Desatnik Realty Co. License #01020228

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,250 Sq Ft Lot
  • Gated Home

Interior Spaces

  • 3,827 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Parking

  • 9 Parking Spaces
  • Covered Parking

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 4259-028-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3827
  • Lot Acreage: 0.1434
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 9.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 521.30

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 9

Utilities

  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 54.45
  • Assessed Improvement Value: 96077
  • Assessed Land Percent: 45.55
  • Assessed Land Value: 80368
  • Total Assessed Value: 176445
  • Assessor Parcel Number: 4259-028-001
  • Lot Size Area: 6250

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 12.83
  • Number Of Units: 9
  • Total Annual Expense: 59929
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

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

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Sold $1,652,000 -17.2% $432 / Sq Ft
04/11/2023 04/11/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $1,995,000 0.0% $521 / Sq Ft
03/14/2023 03/14/23 Pending -- -- --
03/03/2023 03/03/23 Price Changed $1,995,000 -13.1% $521 / Sq Ft
02/14/2023 02/14/23 For Sale $2,295,000 -- $600 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Errol Spiro

    Seller's Agent in 2023

    Errol Spiro

    Miller & Desatnik Realty Co.

    (310) 202-9166

    12 in this area

    25 Total Sales

    Errol Spiro
    Section Image
  • Jonathan Taksa

    Seller Co-Listing Agent in 2023

    Jonathan Taksa

    RE/MAX

    (424) 672-8220

    15 in this area

    77 Total Sales

    Jonathan Taksa
    Section Image
  • Glenn Brander

    Buyer's Agent in 2023

    Glenn Brander

    Miller & Desatnik Realty Co.

    (310) 202-9166

    1 in this area

    31 Total Sales

    Glenn Brander
    Section Image
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Map

Source: The MLS

MLS Number: 23-241663

The MLS
California Los Angeles County Los Angeles 90064 Sawtelle

12340 Tennessee Ave, Los Angeles, CA

This home is located at 12340 Tennessee Ave, Los Angeles, CA 90064 since 14 February 2023. This property was built in 1956. 12340 Tennessee Ave is a home located in Los Angeles County with nearby schools including Richland Avenue Elementary, Nora Sterry Elementary School, and Daniel Webster Middle School.

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