NOT LISTED FOR SALE

1851 W 12th St Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $887,000 - $1,304,000

3 Beds
3 Baths
1,709 Sq Ft
$654/Sq Ft Est. Value

Last Sold March 26, 2020

Last sale price $799,500 $468 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $6,848/month

11 Days on Market

About This Home

As of March 2020

Large Lot! 7,500 sqft. Zoning is RDP1.5. Great upside potential and development potential. This Triplex is located within walking distance to LA Convention Center, Staples, & L.A. Live. Front building is a Duplex each with 1 room. Rear unit a studio with attached 3 car garage.

Last Agent to Sell the Property

Lloyd Yang

West Shores Realty, Inc. License #01975976 Listed on: 01/30/2020

West Shores Realty, Inc.

Last Buyer's Agent

Jorge Enciso

Century 21 Allstars License #01116452

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,771

Year Built

  • Built in 1934

Lot Details

  • 7,500 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 1,709 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for all utilities, parking fee
  • Legal Lot and Block 4 / 4
  • Tax Tract Number 2098
  • Assessor Parcel Number 5136021004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,380
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,900
  • Operating Expense $10,480
  • Gross Income $46,992
  • Net Operating Income $35,721

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,771

Year Built

Built in 1934

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5136021004
  • Year Built: 1934
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 467.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: All Utilities, Parking Fee

Multi Family

  • Gross Income: 46992.00
  • Gross Scheduled Income: 46992.00
  • Insurance Expense: 1380.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 35721.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 11271.00
  • Rent Control: Yes
  • Total Actual Rent: 3916.00
  • Total Expenses: 10480.00

Tax Info

  • New Taxes Expense: 7900.00
  • Tax Block: 4
  • Tax Census Tract: 2098.20
  • Tax Lot: 4
  • Tax Tract Number: 2098

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2020
Closed on
Mar 13, 2020
Sold by
Sy Beacon Llc
Bought by
Bohorquez Pedro F and Bohorquez Ruth
Seller's Agent
Lloyd Yang
West Shores Realty, Inc.
Buyer's Agent
Jorge Enciso
Century 21 Allstars
List Price
$849,000
Sold Price
$799,500
Premium/Discount to List
-$49,500
-5.83%
Current Estimated Value
$1,117,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,380
Avg. Annual Appreciation
6.24%
Original Mortgage
$599,500
Outstanding Balance
$529,930
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$587,950

Purchase Details

Closed on
Jun 21, 2019
Sold by
Yang Katherin
Bought by
Sy Beacon Llc

Purchase Details

Closed on
Mar 25, 2019
Sold by
Yang Katherin and Lee Katherin
Bought by
Yang Katherin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 20, 2018
Closed on
Jun 5, 2018
Sold by
Ramsey Nancy and The Vogel Trust
Bought by
Lee Katherine
Seller's Agent
Hernan Hernandez
Laura Mai, Broker
Buyer's Agent
Hernan Hernandez
Laura Mai, Broker
List Price
$749,000
Sold Price
$610,000
Premium/Discount to List
-$139,000
-18.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.63%
Original Mortgage
$366,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
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
Bohorquez Pedro F $799,500 Chicago Title
Sy Beacon Llc -- Ticor Title Company Of Ca
Yang Katherin -- Ticor Title
Lee Katherine $610,000 First American Title Company
Lee Katherin -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bohorquez Pedro F $599,500
Previous Owner Yang Katherin $450,000
Previous Owner Lee Katherine $366,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/26/2020 03/26/20 Sold $799,500 -5.8% $468 / Sq Ft
02/10/2020 02/10/20 Pending -- -- --
01/30/2020 01/30/20 For Sale $849,000 +39.2% $497 / Sq Ft
06/15/2018 06/15/18 Sold $610,000 -6.0% $357 / Sq Ft View Prior Sale
05/26/2018 05/26/18 Pending -- -- --
05/05/2018 05/05/18 Price Changed $649,000 -13.4% $380 / Sq Ft
04/20/2018 04/20/18 For Sale $749,000 -- $438 / 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 $10,771 $874,364 $348,871 $525,493
2024 $10,771 $857,221 $342,031 $515,190
2023 $10,570 $840,414 $335,325 $505,089
2022 $10,092 $823,936 $328,750 $495,186
2021 $9,967 $807,781 $322,304 $485,477
2020 $8,088 $634,644 $478,584 $156,060
2019 $7,778 $622,200 $469,200 $153,000
2018 $7,971 $640,000 $500,000 $140,000
2016 $1,573 $107,556 $71,262 $36,294
2015 $1,554 $105,941 $70,192 $35,749
2014 $1,583 $103,867 $68,818 $35,049
Source: Public Records

Agents Affiliated with this Home

  • Lloyd Yang

    Seller's Agent in 2020

    Lloyd Yang

    West Shores Realty, Inc.

    (310) 308-3635

    1 in this area

    18 Total Sales

    Lloyd Yang
    Section Image
  • Jorge Enciso

    Buyer's Agent in 2020

    Jorge Enciso

    Century 21 Allstars

    (213) 880-5656

    14 Total Sales

    Jorge Enciso
    Section Image

  • H

    Seller's Agent in 2018

    Hernan Hernandez

    Laura Mai, Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20020110

California Regional Multiple Listing Service (CRMLS)

APN: 5136-021-004

California Los Angeles County Los Angeles 90006 Pico-Union

1851 W 12th St, Los Angeles, CA

This home is located at 1851 W 12th St, Los Angeles, CA 90006 since 30 January 2020 and is currently estimated at $1,117,880, approximately $654 per square foot. This property was built in 1934. 1851 W 12th St 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.

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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