$950,000
SOLD NOV 8, 2023

523 W 12th St Los Angeles, CA 90731

9 Beds
8 Baths
3,928 Sq Ft
4,982 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

33% Below List Price

74 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 1-Story Property
  • Laundry Room

About This Home

As of June 2025

NO LA RENT CONTROL
523 W 12th St. presents a great investment opportunity, offering a combination of attractive features, significant rental upside, and a prime location in proximity to thriving development projects, making it an excellent choice for any investor. The property features, significant rental upside, and a prime location in proximity to thriving development projects, making it an excellent choice for any investor.

Last Agent to Sell the Property

Mario Gandara

W&D Real Estate Investments License #01898787 Listed on: 07/19/2023

Co-Listed By

Dante Underwood

Assurant Properties License #01841690

Last Buyer's Agent

Mario Gandara

W&D Real Estate Investments License #01898787 Listed on: 07/19/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 4,982 Sq Ft Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 3,928 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 22 / 11
  • Tax Tract Number 7454
  • Assessor Parcel Number 7454020019
  • $853 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $1,800
  • Fuel Expense $450
  • Insurance Expense $2,750
  • Trash Expense $3,564
  • Water Sewer Expense $4,128
  • Operating Expense $35,214
  • Gross Income $104,854
  • Net Operating Income $69,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 4.89
  • Price Per Unit: 249800
  • Property Attached: Yes
  • Water Sewer Expenses: 4128.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7454020019
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 241.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3564.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 4982.00
  • Lot Size Acres: 0.1144
  • Latitude Manual: 33.73311300

Multi Family

  • Electric Expense: 1800.00
  • Fuel Expense: 450.00
  • Gross Income: 104854.00
  • Gross Multiplier: 13.19
  • Gross Scheduled Income: 108060.00
  • Insurance Expense: 2750.00
  • Laundry Income: 100.00
  • Lot Size Area: 4982.0000 Square Feet
  • Net Operating Income: 69640.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 35214.00
  • Rent Control: No
  • Total Actual Rent: 8906.00
  • Total Expenses: 35214.00

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 2969.02
  • Tax Lot: 22
  • Tax Tract Number: 7454
  • TaxOtherAnnualAssessmentAmount: 853.00

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 For Rent $2,890 0.0% --
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lucy Milivojevic

    Seller's Agent in 2025

    Lucy Milivojevic

    eXp Realty of Greater Los Angeles, Inc.

    (310) 901-1355

    16 in this area

    51 Total Sales

    Lucy Milivojevic
    Section Image
  • Juan Huizar

    Seller's Agent in 2025

    Juan Huizar

    Sage Real Estate Group, Inc.

    (562) 307-0838

    3 in this area

    104 Total Sales

    Juan Huizar
    Section Image
  • Mario Gandara

    Seller's Agent in 2023

    Mario Gandara

    W&D Real Estate Investments

    (310) 562-0324

    4 in this area

    13 Total Sales

    Mario Gandara
    Section Image
  • Dante Underwood

    Seller Co-Listing Agent in 2023

    Dante Underwood

    Assurant Properties

    (626) 861-3113

    1 in this area

    5 Total Sales

    Dante Underwood
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23133505

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90731

523 W 12th St, Los Angeles, CA

This home is located at 523 W 12th St, Los Angeles, CA 90731 and is currently priced at $950,000, approximately $241 per square foot. This property was built in 1986. 523 W 12th St is a home located in Los Angeles County with nearby schools including Fifteenth Street Elementary School, Dana Middle School, and San Pedro Senior 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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