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2300 W 12th Street

Los Angeles (City), CA 90006
  • $1,390,000
  • STATUS: Active Under Contract
  • ON SITE: 138 Days
  • ID#: RS24023789
Under Contract
$1,390,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1906
County:

School Ratings & Info

Listing Agent(s): Jason Hong of Team Spirit Realty (714-562-0404)


Description

"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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-22T00:30:40.207. 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 Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/147262077
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2300 W 12th Street Los Angeles (City), CA 90006

  • Price: $1,390,000
  • Status: Active Under Contract
  • On Site: 138 Days
  • ID#: RS24023789
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1906
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
"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.
Exterior Features

Construction Materials Stucco Entry Level 2 Entry Location / Fencing Good Condition Foundation Details Concrete Perimeter Lot Features Near Public TransitStreet Level Number Of Separate Electric Meters 6 Parking Features Assigned Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No

Interior Features

Basement YN Yes Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.1 Common Interest Community Apartment Community Features Urban Disclosures Rent Control Electric Expense 1100 Fuel Expense 0 Garage YN Yes Gross Income 111761 Gross Scheduled Income 111761 Insurance Expense 2500 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 2400 Net Operating Income 7841 New Construction YN No New Taxes Expense 17500 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 33720 Pest Control Expense 600 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1600 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Vacancy Allowance 0 Water Sewer Expense 6400 Water Source Public Zoning LAR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-22T00:30:40.207. 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 Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Jason Hong of Team Spirit Realty (714-562-0404)