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1647 W 12th Pl 4 Unit Apartment Building $1,345,000 ($336,250/Unit) 5.30% Cap Rate Los Angeles, CA 90015
EXECUTIVE SUMMARY
Rare opportunity in the up-and-coming Pico-Union area, near Downtown! Three of the four units have been remodeled, offering modern living spaces. Currently, one 2-bedroom unit is vacant, perfect for owner occupancy or to attract new tenants. The property features a spacious parking area in the rear, with ample room to build an ADU, significantly increasing the property's value. Become a homeowner in the rapidly developing Pico-Union neighborhood. Three units are currently tenant occupied, and one unit is vacant. HPOZ
PROPERTY FACTS
| Price | $1,345,000 | Apartment Style | Low-Rise |
| Price Per Unit | $336,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.30% | Building Size | 2,662 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 75% |
| Gross Rent Multiplier | 14 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1918/2022 |
| Property Type | Multifamily | Parking Ratio | 2.25/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD 1.5 - Residential | ||
| Price | $1,345,000 |
| Price Per Unit | $336,250 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,662 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1918/2022 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | LARD 1.5 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 5137-028-014 | Improvements Assessment | $140,000 |
| Land Assessment | $900,000 | Total Assessment | $1,040,000 |
PROPERTY TAXES
Parcel Number
5137-028-014
Land Assessment
$900,000
Improvements Assessment
$140,000
Total Assessment
$1,040,000
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1647 W 12th Pl
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