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1513 Apartments 1513 W 12th Pl 18 Unit Apartment Building $2,500,000 ($138,889/Unit) Los Angeles, CA 90015
Investment Highlights
- Dense residential area
- Excellent transit access
Executive Summary
513 W 12th Pl, Los Angeles, CA 90015 is located in the Pico-Union neighborhood of Los Angeles, just west of Downtown LA in central Los Angeles. This area is a dense, urban residential and commercial district with excellent transit access and a variety of local amenities. Neighborhood & Surroundings. The property sits in Pico-Union, a centrally-located neighborhood named after Pico Boulevard and Union Avenue. It's immediately west of Downtown Los Angeles (about 12 miles to the central business district). Koreatown lies a bit further west of Pico-Union, and other nearby residential neighborhoods include Westlake to the north and South Los Angeles to the south. Nearby Major Areas & Landmarks Downtown Los Angeles (DTLA): A short drive or quick transit ride away, featuring business centers, arts, and entertainment. About a couple of blocks east major entertainment and event venues with restaurants, concerts, and sports. Los Angeles Convention Center: Also just east of the property, hosting large conventions and trade shows.Staples Center distance, a key sports and events arena.
Property Facts
| Price | $2,500,000 | Building Class | B |
| Price Per Unit | $138,889 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 13,161 SF |
| No. Units | 18 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1905 |
| Apartment Style | Low-Rise | Parking Ratio | 2.28/1,000 SF |
| Zoning | R4 - Multiple Dwelling Zone | ||
| Price | $2,500,000 |
| Price Per Unit | $138,889 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 13,161 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1905 |
| Parking Ratio | 2.28/1,000 SF |
| Zoning | R4 - Multiple Dwelling Zone |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Online Services
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 575 |
| 1+1 | 6 | - | 700 |
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5137-029-022 | Improvements Assessment | $1,040,400 |
| Land Assessment | $1,456,560 | Total Assessment | $2,496,960 |
Property Taxes
Parcel Number
5137-029-022
Land Assessment
$1,456,560
Improvements Assessment
$1,040,400
Total Assessment
$2,496,960
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1513 Apartments | 1513 W 12th Pl
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