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2553 West 12th Street

2553 West 12th Street, Los Angeles, CA 90006
Multifamily in Pico Union
Local assessors in Los Angeles, CA have categorized 2553 West 12th Street as a residential type of property. The property's lot size has been calculated to be 5,996 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 8 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 7 full bathrooms. There are also 7 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2553 West 12th Street has a total of 4,120 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is fair. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a gable style roof that was made of composition shingle. Lots of shingles that aren't wood were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2553 West 12th Street sold most recently in Feb 14, 2022 for a total of $1,160,000. If you work out the math, that's approximately a cost of $281.55 per sqft. Before that, the property was also sold for $1,150,000 in Oct 2, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $14,783 in taxes each year. 2553 West 12th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,183,211. If we break it down further, the land itself was valued at $826,200. Improvements to the property, however, were assessed at a total of $357,011. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Assigned Parking

Driveway

Driveway
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200922
09/22/2020
Loft
-
-
$1,400,000
bedrooms
Loft
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 8
  • Bathroom Count: 7
  • Full Bathrooms: 7
  • Partial Bathrooms: 7
  • Building Condition: Fair
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Single (not wood)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 7
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,996
  • Total Building Area: 4,120
  • Gross Building Area: 4,120
  • Building Area: 4,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 4,120
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELECTRIC RAILWAY HOMESTEAD ASSOCIATION
  • Land Acres: 0.138
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: ELECTRIC RAILWAY HOMESTEAD ASSN STRIP 6.6 FT WIDE ADJ ON E AND E 58.4 FT OF LOTS 14 AND LOT/SEC 15 BLK/DIV/TWN 28

Ownership

  • Current Owner : 2553 W 12TH ST LLC
  • Previous Owner : TAAD GROUP INC
  • Owner Before Previous Owner: CHAPIN STEVEN B
  • Owner Before Previous Owner 2: ALAN GERALD CHAPIN TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 213320

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 43-F3
  • Parcel: 5078-026-017
  • Block: 28
  • Lot: 14
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0493
  • Longitude: -118.293

    Address

  • Full Address: 2553 W 12th St
  • Address - House Number: 2553
  • Street Direction: W
  • Address - Street Name: 12th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C013
  • 4-Digit Zip Code: 2718
  • Zip Code: 90006

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,783
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 1,164,879
  • High Value: 1,422,367
  • Low Value: 907,390

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,100,000
  • First Open Lien Mortgage Lender: PRIME COMMERCIAL FINANCE INC
  • First Open Lien Mortgage Recording Date: Sep 20, 2021
  • First Open Lien Mortgage Loan Amount: $1,100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,183,211
  • Assessed Land Value: $826,200
  • Assessed Improvements Value: $357,011

    Sales

  • Current Sale Contract Date: Feb 14, 2022
  • Current Sale Recording Date: Feb 18, 2022
  • Current Sale Transaction ID: 11879622333
  • Current Sale Price: $1,160,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 200014
  • Previous Sale Recording Date: Oct 18, 2019
  • Previous Sale Contract Date: Oct 02, 2019
  • Previous Sale Amount: $1,150,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: EASY FINANCIAL LLC
  • Previous Mortgage Transaction Date: Oct 18, 2019
  • Previous Mortgage Loan Amount: $812,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Central LA



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Frequently Asked Questions

What neighborhood is 2553 West 12th Street located in?
The 2553 West 12th Street is a multifamily located in the neighborhood of Pico Union in Central LA, Los Angeles.
What is the average sales price for listings in 2553 West 12th Street?
The average sales price for units in 2553 West 12th Street is $0 currently.

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