NOT LISTED FOR SALE

3014 W 12th St Los Angeles, CA 90006

Harvard Heights Neighborhood

Estimated Value: $1,238,000 - $1,536,000

5 Beds
5 Baths
4,231 Sq Ft
$335/Sq Ft Est. Value

Last Sold May 23, 2019

Last sale price $980,000 $232 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $8,557/month

29 Days on Market

About This Home

As of May 2019

****** RENT CONTROL UNITS ******* TWO SEPARATE BUILDINGS! Golden opportunity to own a 4 unit property that is walking distance to Western with amazing future development centralized around Koreatown. Long driveway and plenty of parking between two separate buildings. No garage. All tenants are long term and on month-to-month lease. Only a building away from The Los Angeles Elementary School. Close to Seoul International Park, Normandie Park and Benny H. Potter West Adams Avenues Memorial Park, Staples Center, L.A. Live, Los Angeles Convention Center, USC, 110 and 10 freeways. Very easy to manage with very few calls for repair requests. A great opportunity for investors with great vision.

Front building consists of (2) 3 bedrooms with 1.25 baths each. Back building consists of (1)1 bedrooms with 1 bath upstairs & (1) 1 Bedroom with 1.5 bath downstairs. Separated electricity and gas meter, owner pays water.

Property is sold in "AS IS" condition. Do not disturb tenants, do not walk on property. Offer subject to interior inspection with an accepted offer.

Last Agent to Sell the Property

Paul Huang

ReMax 2000 Realty License #01068912 Listed on: 04/02/2019

ReMax 2000 Realty

Co-Listed By

Janet Lu

ReMax 2000 Realty License #01403197

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,483

Year Built

  • Built in 1923

Lot Details

  • 6,199 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • 4,231 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • Parking Available
  • Paved Parking

Listing and Financial Details

  • Tenant pays for gas, trash collection
  • Tax Lot 12
  • Tax Tract Number 2132
  • Assessor Parcel Number 5080011024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $5,508
  • New Taxes Expense $12,250
  • Operating Expense $18,958
  • Gross Income $38,880
  • Net Operating Income $2,681

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,483

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5508.00
  • Zoning: LAR4
  • Property Type: Residential Income
  • Parcel Number: 5080011024
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 231.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete

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: Front Yard
  • Lot Size Sq Ft: 6199.00
  • Lot Size Acres: 0.1423

Rental Info

  • Tenant Pays: Gas, Trash Collection

Multi Family

  • Gross Income: 38880.00
  • Gross Scheduled Income: 3240.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6199.0000 Square Feet
  • Net Operating Income: 2681.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 559.00
  • Rent Control: Yes
  • Total Actual Rent: 3240.00
  • Total Expenses: 18958.00

Tax Info

  • New Taxes Expense: 12250.00
  • Tax Census Tract: 2132.02
  • Tax Lot: 12
  • Tax Tract Number: 2132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2019
Closed on
May 17, 2019
Sold by
Yusi Philip F and Yusi M L
Bought by
Bif Furniture Inc
Seller's Agent
Paul Huang
ReMax 2000 Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$998,000
Sold Price
$980,000
Premium/Discount to List
-$18,000
-1.8%
Current Estimated Value
$1,417,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,253
Avg. Annual Appreciation
5.91%

Purchase Details

Closed on
Jun 29, 2006
Sold by
Yusi Philip F and Yusi M L
Bought by
Yusi Philip F and Yusi M L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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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
Bif Furniture Inc $980,000 Stewart Title Of Ca Inc
Yusi Philip F -- Itc Gln
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yusi Philip F $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2019 05/23/19 Sold $980,000 -1.8% $232 / Sq Ft
04/02/2019 04/02/19 For Sale $998,000 -- $236 / 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 $13,483 $1,093,203 $765,244 $327,959
2024 $13,483 $1,071,769 $750,240 $321,529
2023 $13,232 $1,050,755 $735,530 $315,225
2022 $12,632 $1,030,153 $721,108 $309,045
2021 $12,459 $1,009,955 $706,969 $302,986
2020 $12,582 $999,600 $699,720 $299,880
2019 $8,142 $299,296 $119,714 $179,582
2018 $3,968 $293,428 $117,367 $176,061
2016 $3,756 $282,035 $112,810 $169,225
2015 $3,706 $277,800 $111,116 $166,684
2014 $3,746 $272,359 $108,940 $163,419
Source: Public Records

Agents Affiliated with this Home

  • Paul Huang

    Seller's Agent in 2019

    Paul Huang

    RE/MAX

    (626) 688-6040

    43 Total Sales

    Paul Huang
    Section Image

  • J

    Seller Co-Listing Agent in 2019

    Janet Lu

    RE/MAX

    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,972 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR19076216

California Regional Multiple Listing Service (CRMLS)

APN: 5080-011-024

California Los Angeles County Los Angeles 90006 Harvard Heights

3014 W 12th St, Los Angeles, CA

This home is located at 3014 W 12th St, Los Angeles, CA 90006 since 02 April 2019 and is currently estimated at $1,417,253, approximately $334 per square foot. This property was built in 1923. 3014 W 12th St is a home located in Los Angeles County with nearby schools including Los Angeles Elementary School, Pio Pico Middle School, and West Adams Preparatory 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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