NOT LISTED FOR SALE
8 Beds
7 Baths
4,628 Sq Ft
4,982 Sq Ft Lot

Sale Details

Date Sold: June 20, 2025

Last sale price $1,800,000 $389 Per Sq Ft

3 Days on Market

Highlights

  • Quartz Countertops
  • Balcony
  • 2 Car Garage
  • San Pedro Senior High School Rated A-
  • Ceiling Fan
  • Wrought Iron Fence

About This Home

As of June 2025

Stunning 4-Unit + 1 ADU Investment Opportunity in Vibrant San Pedro, with 3 of 4 Units & the ADU Delivered Vacant, this is not RSO property as it was built in 1986! Welcome to 523 W. 12th Street, an impeccably renovated fourplex + ADU in the heart of San Pedro—one of Los Angeles’ most rapidly evolving coastal communities. Featuring three 2BR/2BA units, one 2 BR/1BA, and a 2BR/1BA ADU, this property offers exceptional versatility whether you’re looking to occupy or capitalize on strong rental demand.
Highlights & Upgrades:
Comprehensive Renovation: Enjoy peace of mind with brand-new interiors, exteriors, a modern roof, and upgraded electrical systems.
Desirable Layouts: All units feature comfortable 2-bedroom layouts, perfect for families, professionals, or roommates. 4 of the units are delivered vacant. Location & Investment Appeal: Positioned just minutes from the dynamic LA Waterfront, this property benefits from San Pedro’s exciting growth and revitalization. The West Harbor project (set to bring new dining, retail, and entertainment options, including a world-class amphitheater) is transforming the harbor into a premier destination—driving both rental demand and property values. Nearby, you’ll find the USS Iowa Museum, Ports O’ Call Village redevelopment, local craft breweries, art galleries, and a blossoming restaurant scene. With easy access to the 110 freeway, Downtown LA, and the South Bay, San Pedro is increasingly recognized as a hidden coastal gem where new residential and commercial developments continue to fuel economic growth.
Whether you’re an investor seeking an attractive cap rate or an owner-user looking to offset your mortgage, 523 W. 12th Street delivers the rare combination of move-in-ready quality and prime location near major coastal revitalization projects. Don’t miss this chance to own a turn-key, multi-unit property in a neighborhood on the rise—schedule your showing today!

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 04/07/2025

Last Buyer's Agent

Lucy Milivojevic

eXp Realty of Greater Los Angeles, Inc. License #01757364

eXp Realty of Greater Los Angeles, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • 4,982 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Parking Available

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Turnkey
  • Shingle Roof

Interior Spaces

  • 4,628 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Vinyl Flooring

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in unit
  • 220 Volts In Laundry

Outdoor Features

  • Balcony

Utilities

  • Wall Furnace
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 22 / 11
  • Tax Tract Number 296
  • Assessor Parcel Number 7454020019
  • $862 per year additional tax assessments

Community Details

Building Details

  • 1 Leased Unit
  • Rent Control
  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $7,242
  • Trash Expense $6,000
  • Water Sewer Expense $7,500
  • New Taxes Expense $22,500
  • Operating Expense $42,930
  • Gross Income $108,690
  • Net Operating Income $108,690

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1986 | Remodeled

Lot Details

4,982 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 7500.00
  • Zoning: LARD1.5
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7454020019
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceiling Fan(s), Quartz Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 388.94

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Uncovered
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator, Water Heater
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 6000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4982.00
  • Lot Size Acres: 0.1144

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Garage Income: 200.00
  • Gross Income: 108690.00
  • Gross Operating Income: 151620.00
  • Gross Scheduled Income: 159000.00
  • Insurance Expense: 7242.00
  • Laundry Income: 200.00
  • Lot Size Area: 4982.0000 Square Feet
  • Net Operating Income: 108690.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Operating Expense: 42930.00
  • Operating Expense Percent: 27.00
  • Rent Control: Yes
  • Total Expenses: 42930.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 22500.00
  • Tax Block: 11
  • Tax Census Tract: 2969.02
  • Tax Lot: 22
  • Tax Tract Number: 296...
  • TaxOtherAnnualAssessmentAmount: 862.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2025
Sold by
Bought by

Purchase Details

Listed on
Apr 7, 2025
Closed on
Jun 4, 2025
Sold by
Bought by
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Lucy Milivojevic
eXp Realty of Greater Los Angeles, Inc.
List Price
$1,800,000
Sold Price
$1,800,000
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
0.0688%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 19, 2023
Closed on
Oct 18, 2023
Sold by
Bought by
Seller's Agent
Mario Gandara
W&D Real Estate Investments
Buyer's Agent
Mario Gandara
W&D Real Estate Investments
List Price
$1,425,000
Sold Price
$950,000
Premium/Discount to List
-$475,000
-33.33%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.36%

Purchase Details

Closed on
Dec 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 23, 1997
Sold by
Bought by

Purchase Details

Closed on
Apr 26, 1995
Sold by
Bought by

Purchase Details

Closed on
May 17, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation/Courtesy Recordi
$1,800,000 Commonwealth Land Title Compan
$950,000 Fidelity National Title
-- United Title
-- --
$225,000 Gateway Title
$216,000 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,050,000
Previous Owner $296,300
Previous Owner $384,000
Previous Owner $306,500
Previous Owner $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2025 06/20/25 Sold $1,800,000 0.0% $389 / Sq Ft
04/07/2025 04/07/25 For Sale $1,800,000 +89.5% $389 / Sq Ft
11/08/2023 11/08/23 Sold $950,000 -23.9% $242 / Sq Ft View Prior Sale
09/11/2023 09/11/23 Price Changed $1,249,000 -3.8% $318 / Sq Ft
08/23/2023 08/23/23 Price Changed $1,299,000 -7.1% $331 / Sq Ft
07/30/2023 07/30/23 Price Changed $1,399,000 -1.8% $356 / Sq Ft
07/19/2023 07/19/23 For Sale $1,425,000 -- $363 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,442 $969,000 $612,000 $357,000
2024 $12,278 $950,000 $600,000 $350,000
2023 $5,669 $399,162 $95,790 $303,372
2022 $5,433 $391,336 $93,912 $297,424
2021 $5,351 $383,664 $92,071 $291,593
2019 $4,865 $373,887 $89,341 $284,546
2018 $4,776 $366,589 $87,590 $278,999
2017 $4,677 $357,833 $85,873 $271,960
2016 $4,530 $350,818 $84,190 $266,628
2015 $4,468 $345,549 $82,926 $262,623
2014 $4,479 $338,781 $81,302 $257,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25072780

California Regional Multiple Listing Service (CRMLS)
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