15 days on rocket

2300 W 12th St, Los Angeles, CA, 90006

$1,375,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
6 Baths
4,032 SqFt
$341/SqFt
House

Location

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2300 W 12th St, Los Angeles$1,375,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingPrivate, Uncovered
Year Built1906
CoolingWall/Window Unit(s)
MLS #24453971
Lot Size0.14 Acres
StatusActive

About 2300 W 12th St

We are pleased to present this great investment income property in the heart of Los Angeles nearby Downtown LA (LA Convention Center, Crypto.com Arena, USC) and Korea-Town (bars, restaurants, and cafes). The Mid-Wilshire area is a highly dense neighborhood with high occupancy rates. The property has 6-Units and is Zoned LAR4 for future development potential on the corner of Hoover St. and 12th St. All tenants are current on rent. This 2-story apartment is an expansive 4,032 SF on a 6,272 SF lot with 10 parking spaces. Units consist of one 3 beds and 2 baths unit, one 2 beds and 1 bath unit, two 1 bed and 1 bath units, and two studio units. Easy access to the 10, 101, and 110 freeways. The cap rate of 5.9% is based on current gross income ($114,300) and expenses with the new property tax amount at the asking price of $1,375,000.

Property Details

Property Features

Property Information:

  • Year Built: 1906
  • Stories: 2
  • Living Area: 4,032 SqFt

Listing Office:

  • Office Name: Sunnyside Group
  • Office Phone: (213) 290-3771
  • Listing Agent: Yoon Kwak

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: Private, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Heading south on Hoover St. from Olympic Blvd., property on the right side corner after 12th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,375,000
  • Price Per SqFt: $341/SqFt

Tax Information:

  • Annual Amount: $12,234
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

2300 W 12th St vs Los Angeles

15 DAYS ON ROCKET

-23 Days

$1,375,000

+$351.5K More

$341/SqFt

-$300 Less

KEY TAKEAWAY

This property is $351.5K more than the Median Sold Price and $300/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24453971

Listing Office:

  • Office Name: Sunnyside Group
  • Office Phone: (213) 290-3771
  • Listing Agent: Yoon Kwak

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 11:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 16, 2016Home Sold
$870,000
May 30, 2014Home Sold
$620,000
Sep 24, 2009Home Sold
$363,551

Tax History

YEARPROP. TAXASSESSMENT
2021$12,234$951,469
2020$11,889$941,714
2019$11,748$923,250
2018$11,358$905,148
2017$11,358$887,400

History based on county public records data.

Payment Calculator

$6,930

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,189

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-463376
2
/10

  • Politi Elementary School

  • 2481 W 11th St

  • 0.20 miles

  • Public District Grades KG-5

school-card-donut-463377
4
/10

  • Magnolia Avenue Elementary School

  • 1626 Orchard Ave

  • 0.43 miles

  • Public District Grades PK-5

school-card-donut-463378
6
/10

  • Equitas Academy Charter

  • 1700 W Pico Blvd

  • 0.45 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,962. The majority of Los Angeles, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2300 W 12th St

What is the listing price of this property?

The listing price of 2300 W 12th St property is $1,375,000.

What type of property is this?

The property 2300 W 12th St is a house located in Los Angeles, California, 90006.

Is this property for sale now?

Active Listing: 2300 W 12th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,234 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 16, 2016 for $870,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2300 W 12th St has 9 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 2300 W 12th St is 4,032 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2300 W 12th St is 1906.

Rocket Homes›California›Los Angeles County›Los Angeles›90006›2300 W 12th St

This home is located at 2300 W 12th St in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 4,032 square foot home, which was built in 1906, sits on a 0.14 acre lot. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $1,375,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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