2300 W 12th St Los Angeles, CA 90006
Pico-Union Neighborhood
9
Beds
9
Baths
4,032
Sq Ft
6,274
Sq Ft Lot
Highlights
- Property is near public transit
- Fenced
- Level Lot
- No HOA
About This Home
As of July 2024"PRICE REDUCED FOR A QUICK SALE" LAR4 ZONING 6-UNIT APT IN THE HEART OF LOS ANGELES!!! GREAT INVESTMENT & DEVELOPMENT OPPORTUNITY 6-Unit APARTMENT BUILDING ON THIS LAR-4ZONING AREA , TOC TIER 2 LOT on a busy HOOVER ST. TWO STORIES VICTORIAN-STYLE BUILDING, SIZE:4,032 SQ FT, WITH LARGE LOT (SIZE APP. 6,272 SQ FT.) WITH ASSIGNED 10 PARKING LOTS. THIS PROPERTY LOCATED AT THE CORNER OF HOOVER STREET AND W. 12TH STREET, NEXT TO THE PUBLIC TRANSPORTATION BUS STOP. CENTRALLY LOCATED TO L.A. LIVE, STAPLES, CONVENTION CENTER, DOWNTOWN L.A., KOREA TOWN, AND USC CAMPUS. THIS INCOME PROPERTY IS SET UP AS SIX (6) UNITS. SOLD WITH TENANTS IN THE PLACES. THERE ARE FENCED 10 PARKING OPEN SPACES AVAILABLE. THE SELLER HAS UPGRADED/REPLACED ALL PLUMBING, SEWER LINE, AND KITCHENS ACCORDING TO THE L.A. CITY BUILDING CODE FOR A PERIOD OF A COUPLE OF YEARS RECENTLY. THIS PROPERTY IS TO BE SOLD IN AS A "AS-IS CONDITION". PLEASE DRIVE BY OR WALK AROUND ONLY. DO NOT GO DIRECTLY. DO NOT DISTURB CURRENT OCCUPANTS. ALL CURRENT TENANTS ARE
PAY RENT ON TIME MONTHLY AND VERY COOPERATIVE TO THE LANDLORD. VERY EASY ACCESS TO/FROM FWY 10, 101 AND110.THIS PROPERTY IS TO BE SOLD IN AS A "AS-IS CONDITION". PLEASE DRIVE BY OR WALK AROUND ONLY. DO NOT GO DIRECTLY. DO NOT DISTURB CURRENT OCCUPANTS.
Last Agent to Sell the Property
Team Spirit Realty Brokerage Phone: 213-500-7237 License #00863293 Listed on: 02/03/2024
Last Buyer's Agent
Team Spirit Realty Brokerage Phone: 213-500-7237 License #00863293 Listed on: 02/03/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Lot Details
- 6,274 Sq Ft Lot
- 1 Common Wall
- Fenced
- Fence is in good condition
- Level Lot
Parking
- 10 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Shingle Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 4,032 Sq Ft Home
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Bathrooms
Location
- Property is near public transit
- Urban Location
Utilities
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 150
- Assessor Parcel Number 5076015023
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,100
- Gardener Expense $720
- Insurance Expense $2,500
- Maintenance Expense $2,400
- Pest Control $600
- Professional Management Expense $400
- Trash Expense $1,600
- Water Sewer Expense $6,400
- New Taxes Expense $17,500
- Operating Expense $33,720
- Gross Income $111,761
- Net Operating Income $7,841
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2025 05/08/25 | Pending | -- | -- | -- |
| 05/05/2025 05/05/25 | Price Changed | $1,350,000 | +1.9% | $335 / Sq Ft |
| 12/20/2024 12/20/24 | Price Changed | $1,325,000 | -3.6% | $329 / Sq Ft |
| 11/01/2024 11/01/24 | For Sale | $1,375,000 | +1.9% | $341 / Sq Ft |
| 07/25/2024 07/25/24 | Sold | $1,350,000 | -2.9% | $335 / Sq Ft |
| 05/20/2024 05/20/24 | Pending | -- | -- | -- |
| 05/08/2024 05/08/24 | Price Changed | $1,390,000 | -4.1% | $345 / Sq Ft |
| 04/03/2024 04/03/24 | For Sale | $1,450,000 | +7.4% | $360 / Sq Ft |
| 03/18/2024 03/18/24 | Off Market | $1,350,000 | -- | -- |
| 02/03/2024 02/03/24 | For Sale | $1,450,000 | +133.9% | $360 / Sq Ft |
| 05/30/2014 05/30/14 | Sold | $620,000 | -11.4% | $154 / Sq Ft |
| 05/15/2014 05/15/14 | Pending | -- | -- | -- |
| 03/27/2014 03/27/14 | For Sale | $700,000 | -- | $174 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Roy Kwak
Seller's Agent in 2024
Roy Kwak
Sunnyside Group
(213) 388-5000
10 Total Sales
-
Jason Hong
Seller's Agent in 2024
Jason Hong
Team Spirit Realty
(213) 500-7237
2 in this area
20 Total Sales
-
Walter castillo
Seller's Agent in 2014
Walter castillo
Coldwell Banker Realty
(213) 792-0940
1 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS24023789
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