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    2300 W 12th Street

    Los Angeles (City), CA 90006
    • $1,490,000
    • STATUS: Active
    • ON SITE: 240 days
    • ID#: RS20169510
    UPDATED: 102 min ago
    $1,490,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,032
      SQFT
    • $370
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    GREAT INVESTMENT & DEVELOPMENT OPPORTUNITY 6-Unit APARTMENT BUILDING ON THIS LAR-4 ZONING AREA, TOC TIER 2 LOT. NEWLY PAINTED OUTSIDE TWO STORIES VICTORIAN STYLE BUILDING (SIZE:4,032 SQ FT) WITH LARGE LOT (SIZE 6,272 SQ FT.). THIS PROPERTY LOCATED AT 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 CURRENTLY RENTING FOR $7,656 PER MONTH. THERE ARE FENCED 10 PARKING OPEN SPACES AVAILABLE. THE SELLER TO SELL THIS APARTMENT AS A "AS-IS" CONDITION. THE SELLER HAS UPGRADED/REPLACED ALL PLUMBING, SEWER LINE, AND KITCHENS ACCORDING TO THE L.A. CITY BUILDING CODE FOR A COUPLE OF YEARS. PLEASE DRIVE BY ONLY. DO NOT GO DIRECTLY. DO NOT DISTURB CURRENT OCCUPANTS.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/109210022
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    2300 W 12th Street Los Angeles (City), CA 90006

    • Price: $1,490,000
    • Status: Active
    • Updated: 102 min ago
    • ID#: RS20169510
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,032
    SQFT
    $370
    $/SQFT
    1906
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    GREAT INVESTMENT & DEVELOPMENT OPPORTUNITY 6-Unit APARTMENT BUILDING ON THIS LAR-4 ZONING AREA, TOC TIER 2 LOT. NEWLY PAINTED OUTSIDE TWO STORIES VICTORIAN STYLE BUILDING (SIZE:4,032 SQ FT) WITH LARGE LOT (SIZE 6,272 SQ FT.). THIS PROPERTY LOCATED AT 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 CURRENTLY RENTING FOR $7,656 PER MONTH. THERE ARE FENCED 10 PARKING OPEN SPACES AVAILABLE. THE SELLER TO SELL THIS APARTMENT AS A "AS-IS" CONDITION. THE SELLER HAS UPGRADED/REPLACED ALL PLUMBING, SEWER LINE, AND KITCHENS ACCORDING TO THE L.A. CITY BUILDING CODE FOR A COUPLE OF YEARS. PLEASE DRIVE BY ONLY. DO NOT GO DIRECTLY. DO NOT DISTURB CURRENT OCCUPANTS.
    Exterior Features

    Lot Features Near Public TransitPavedRectangular LotStreet LevelValue In Land Number Of Separate Electric Meters 7 Open Parking Spaces 10 Parking Features AssignedAsphaltOne Space Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

    Interior Features

    Common Walls 1 Common Wall Fireplace Features None Fireplace YN No

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsUrban Disclosures Rent Control Electric Expense 1000 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 91872 Insurance Expense 2200 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 60972 New Construction YN No New Taxes Expense 20000 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 30900 Pest Control Expense 600 Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1800 Vacancy Allowance 0 Water Sewer Expense 5300 Water Source Public Zoning Lar4

    Listing provided courtesy of Jason Hong of Team Spirit Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Team Forss Realty Group
    31213 Temecula Parkway
    Temecula CA, 92592