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12340 Tennessee Avenue
Los Angeles, CA 90064
Sold
12340 Tennessee Avenue
Los Angeles, CA 90064
Sold
2302 S. Carmelina Ave. & 12340 Tennessee Ave. is a rare multi-family investment opportunity located in the heart of LA's famed community of Rancho Park. Consisting of 9 units set amongst 3 properties and lushly landscaped grounds, the buildings boast a great unit mix consisting of spacious 1-bedroom and studio floor plans and a home. The buildings represent a quintessential value-add opportunity rarely available in such a prime location. The unit mix includes (1) 1-bed, 1-bath house with a den, (4) 1-bed, 1-bath units, and (4) efficiency units. Please note, the original configuration of the property consisted of a house and 4 units. The 4 units were all 2 bedroom two bath units and were converted to 4 one bedroom one bath units and 4 efficiency units. Certificate of occupancy shows 5 units. Each of the units offers an abundance of rental upside. Additional property features include on-site parking, an on-site laundry facility, and gated entry. Priced at a low $255,000 per unit, this basis is rarely seen on the Westside. A quick walk to high-end dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire an easy to manage turn-key asset in one of the best locations of the Westside.
PROPERTY INFORMATION
| MLS # | 23241663 | Lot Size | 6,250 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,995,000
Price Per SqFt: $ 521 |
DOM | 808 Days |
| Address | 12340 Tennessee Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,827 Sq. Ft. |
| Postal Code | 90064 | Garage | N/A |
| County | Los Angeles | Year Built | 1956 |
| Bed / Bath | 10 / 0 | Parking | 9 |
| Built In | 1956 | Status | Closed |
| Sold Date | 2023-06-09 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| Has Heating | No |
| Heating Information | None |
| Has Cooling | No |
| Cooling Information | None |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,128
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 03/30/2023 | Active | $1,995,000 |
| 02/14/2023 | Listed | $2,295,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Errol Spiro, Miller & Desatnik Realty Co.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
