12425 Texas Avenue
Los Angeles, CA 90025
Map
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1960 build
- – on site
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Rare opportunity to purchase a multi-family asset which would enable a savvy investor to acquire a large scale multi-family rental footprint in West Los Angeles. 12425 Texas Ave., is a 19 unit multi-family property in a prime West LA location. The subject property has an excellent unit mix of (1) 2 BR + den, (9) 2 BR, (2) 1 BR + den, (6) 1 BR & (1) studio unit. Trust sale, does not require court confirmation. Seller must sale before April. One of the 2 bedroom units is currently vacant. This trophy asset was originally constructed in 1960 and is approximately 19,635 SqFt of property on a large corner 20,840 SqFt lot. There is substantial rental upside, creating a quintessential "value-add" investment opportunity. This generational asset in an undeniable attractive location that will surely pay long term dividends to a savvy investor. The property still requires seismic retrofitting for its parking structure. The property is directly next door to 12415 Texas Ave, (10 units) which is also for sale and the property can be purchased with three other West LA properties located at 1338 Carmelina (8 units), 1352 Carmelina Ave. (26 units) & 11600 Rochester Ave (13 units).
Last checked:
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Last updated Sep 9, 2023
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MLS# 22223088 —
The Building
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Year Built:1960
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New Construction:No
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Building Area Total:19635.00
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Total Number Of Units:19
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# of Buildings:1
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Stories Total:2
Location
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Directions:Just south of Wilshire Blvd. & West of the 405 freeway. On the corner of Texas Ave., Centinela Ave. & McClellan Ave.
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Latitude:34.04042800
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Longitude:-118.46927500
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:20840.0000
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Lot Size Acres:0.4784
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Lot Size SqFt:20840.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4267036030
Heating & Cooling
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Heating:None
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Cooling:No
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Cooling:None
The Community
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Association:No
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Senior Community:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/24/23
Mar 24, 2023
|
Sold | CRMLS_CA | $6,900,000 | -3.5% |
|
2/17/23
Feb 17, 2023
|
Pending | CRMLS_CA | $7,150,000 |
