NOT LISTED FOR SALE

1633 W 12th Place Los Angeles, CA 90015

Pico-Union Neighborhood

Estimated Value: $967,000 - $1,207,000

4 Beds
4 Baths
3,912 Sq Ft
$272/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $1,040,000 $266 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,924/month

18 Days on Market

Highlights

  • Auto Driveway Gate
  • 5 Car Garage
  • Gated Home
  • City Lights View
  • Laundry Room
  • South Facing Home

About This Home

As of May 2022

Prime location! Walking distance to Staples Center! This quadruplex income property centrally located from major public transportation, convenience stores, restaurants, LA LIVE, Microsoft Theater, LA Convention Center, Downtown LA and major shopping center. Owner just remodeled Unit one with New kitchen cabinet, counter top, stainless steel sink, appliances, tankless water heater, new vanity cabinet, vanity sink, lighting, window blinds and New paint. New laundry machine, washer & dryer, and New automatic gate for parking was installed. Each unit has its separated gas and electric meter. Also Good for Owner occupied one unit while getting income from 3 other units. Great investment opportunity for this property located in one of the most desired rental areas of Downtown LA and close to Korea Town, Mid-Wilshire and USC.

Last Agent to Sell the Property

Audrey Jung

B & B Investment Properties License #01400834 Listed on: 03/09/2022

Last Buyer's Agent

In Sook Uhm

C-21 Astro License #01845839

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,600

Year Built

  • Built in 1902

Lot Details

  • 6,250 Sq Ft Lot
  • South Facing Home
  • Gated Home

Parking

  • 5 Car Garage
  • 3 Open Parking Spaces
  • Driveway
  • Auto Driveway Gate

Home Design

  • Quadruplex

Interior Spaces

  • 3,912 Sq Ft Home
  • 2-Story Property
  • City Lights Views
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • City Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for water
  • Assessor Parcel Number 5137-028-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,600

Year Built

Built in 1902

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Showing is available for accepted offer. Drive by and do not disturb tenants! Please email all offers with POF and Preapproval letter to audreyjung88@gmail.com. Unit one will be vacant at closed of escrow and other tenants will remain.
  • Living Area: 3912
  • Lot Acreage: 0.1435
  • Stories: 2
  • Year Built: 1902
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven, Gas Dryer Hookup
  • Price Per S Q F T: 255.37

Exterior Features

  • Direction Faces: South
  • Other Structures: Other
  • View: City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 5
  • Other Spaces: 3
  • Parking Garage: Garage Is Detached, Gated, Driveway Gate, Driveway - Concrete
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 12.50
  • Assessed Improvement Value: 101036
  • Assessed Land Percent: 87.5
  • Assessed Land Value: 707252
  • Total Assessed Value: 808288
  • Assessor Parcel Number: 5137-028-017
  • Lot Location: City
  • Lot Size Area: 6250

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 16820.77
  • Type Of Units: Quadruplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2019
Closed on
Jul 18, 2019
Sold by
Guerra Wilo B Nunez and The Armanclo C Nunez Living Tr
Bought by
Cho Kang Sang Woo and Cho Kang Amy
Seller's Agent
Julie Lopez
Smart Money Real Estate, Inc
Buyer's Agent
Audrey Jung
B & B Investment Properties
List Price
$950,000
Sold Price
$799,888
Premium/Discount to List
-$150,112
-15.8%
Current Estimated Value
$1,062,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,980
Avg. Annual Appreciation
4.63%
Original Mortgage
$639,200
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2009
Sold by
Nunez Armando C
Bought by
Nunez Armando C and The Armando C Nunez Living Trust

Purchase Details

Closed on
May 21, 1995
Sold by
Nunez Armando C
Bought by
Nunez Armando Cesar and Armando Cesar Nunez Trust
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 Buyer Sale Price Title Company
Cho Kang Sang Woo $800,000 Fidelity National Title
Nunez Armando C -- None Available
Nunez Armando C -- None Available
Nunez Armando Cesar -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kang Sang Woo $630,000
Closed Cho Kang Sang Woo $639,200
Previous Owner Nunez Armando Cesar $40,000
Previous Owner Nunez Armando Cesar $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Sold $1,040,000 +4.1% $266 / Sq Ft
03/27/2022 03/27/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $999,000 +24.9% $255 / Sq Ft
08/16/2019 08/16/19 Sold $799,888 -15.8% $204 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $950,000 -- $243 / Sq Ft
Source: The MLS

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 $13,600 $1,103,655 $636,724 $466,931
2024 $13,600 $1,082,016 $624,240 $457,776
2023 $13,346 $1,060,800 $612,000 $448,800
2022 $10,147 $824,453 $721,397 $103,056
2021 $10,004 $808,288 $707,252 $101,036
2020 $10,183 $800,000 $700,000 $100,000
2019 $1,240 $55,991 $36,678 $19,313
2018 $1,102 $54,894 $35,959 $18,935
2016 $1,016 $52,763 $34,563 $18,200
2015 $1,006 $51,971 $34,044 $17,927
2014 $1,040 $50,954 $33,378 $17,576
Source: Public Records

Agents Affiliated with this Home

  • Audrey Jung

    Seller's Agent in 2022

    Audrey Jung

    B & B Investment Properties

    (626) 230-1218

    1 in this area

    26 Total Sales

    Audrey Jung
    Section Image

  • I

    Buyer's Agent in 2022

    In Sook Uhm

    C-21 Astro

    Section Image

  • J

    Seller's Agent in 2019

    Julie Lopez

    Smart Money Real Estate, Inc

  • W

    Seller Co-Listing Agent in 2019

    Walter Fajardo

    Century 21 Masters

    (626) 820-0444

    1 in this area

    38 Total Sales

    Walter Fajardo
    Section Image
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Map

Source: The MLS

MLS Number: 22-134027

The MLS

APN: 5137-028-017

California Los Angeles County Los Angeles 90015 Pico-Union

1633 W 12th Place, Los Angeles, CA

This home is located at 1633 W 12th Place, Los Angeles, CA 90015 since 09 March 2022 and is currently estimated at $1,062,868, approximately $271 per square foot. This property was built in 1902. 1633 W 12th Place is a home located in Los Angeles County with nearby schools including Tenth Street Elementary School, John H. Liechty Middle School, and Belmont High School.

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