Best priced R4 lot! Excellent Opportunity for Developer or Owner User to build in the future. R4-1VL Zoning, Corner Lot, 50ft x 120 ft (approx. buyers to verify). Buildable 14 units By-right. TOC Tier 3 designation gives added density. Use Initiative ED1 to allow for even more density of approximately 35-45 units. (Buyers to verify) Walking distance to future Target Store under construction at the corner of Vermont and Olympic .
Current house sits as a 4 bedroom 2 bathroom layout. A owner user can also live in the house or rent it out and develop the property to its full potential in the future. The possibilities are endless. Once in a lifetime opportunity! CORNER LOT! 50 ft Wide Lot! 6,000 sqft Lot!
Sold for $990,000
Listed by: Cal Mutual • Fernando Jaramillo • Contact: 800-700-4650
Bought with: Premier Realty Associates
$990,000
2531 W 12th St, Los Angeles, CA 90006
3beds
1,574sqft
Single Family Residence
Built in 1911
6,000 Square Feet Lot
$983,200 Zestimate®
$629/sqft
$3,871 Estimated rent
Home value
$983,200
$875,000 - $1.09M
$3,871/mo
Zestimate® history
Owner options
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$3,871/mo
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$6,283/mo
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Corner lot
Zillow last checked:
Listing updated:
Listed by:
Fernando Jaramillo DRE #01317271 800-700-4650,
Cal Mutual,
Fernando Jaramillo DRE #01317271,
Cal Mutual
Bought with:
Mehran Ghaemi, DRE #01966070
Premier Realty Associates
Source: CRMLS,MLS#: AR24033254
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 3
Rooms
- Room types: Bonus Room
Cooling
- None
Appliances
- Laundry: Inside
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,574 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 2
- Uncovered spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: front
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 6,000 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5078027006
- Zoning: LAR4
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1911
Utilities & green energy
- Sewer: Public Sewer, Unknown
- Water: Public, Private
Community & HOA
Community
- Features: Urban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $629/sqft
- Tax assessed value: $1,009,800
- Annual tax amount: $12,314
- Date on market: 3/6/2024
- Cumulative days on market: 41 days
- Listing terms: Submit
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2024 | Sold | $990,000-0.9%$629/sqft |
Source:  CRMLS #AR24033254 Report a problem | ||
| 4/29/2024 | Pending sale | $999,000$635/sqft |
Source: CRMLS #AR24033254 Report a problem | ||
| 4/18/2024 | Contingent | $999,000$635/sqft |
Source: CRMLS #AR24033254 Report a problem | ||
| 4/5/2024 | Price change | $999,000-9.2%$635/sqft |
Source: CRMLS #AR24033254 Report a problem | ||
| 3/6/2024 | Listed for sale | $1,100,000+18.2%$699/sqft |
Source: CRMLS #AR24033254 Report a problem | ||
| 9/12/2023 | Sold | $931,000$591/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,314 -0.9% | $1,009,800 +8.5% |
| 2024 | $12,421 +1464.3% | $931,000 +1918.6% |
| 2023 | $794 +3.2% | $46,122 +2% |
| 2022 | $770 +2.7% | $45,219 +2% |
| 2021 | $749 -0.2% | $44,333 +1% |
| 2020 | $751 | $43,880 +2% |
| 2019 | $751 +16% | $43,021 +2% |
| 2018 | $647 | $42,179 +2% |
| 2017 | $647 +1.7% | $41,353 +2% |
| 2016 | $637 +5.1% | $40,543 +1.5% |
| 2015 | $606 -0.9% | $39,935 +2% |
| 2014 | $611 | $39,153 +2.5% |
| 2012 | -- | $38,214 +2% |
| 2011 | -- | $37,466 +0.8% |
| 2010 | -- | $37,187 -0.2% |
| 2009 | -- | $37,276 +2% |
| 2008 | -- | $36,546 +2% |
| 2007 | -- | $35,830 +2% |
| 2006 | -- | $35,128 |
| 2005 | -- | $35,128 +4% |
| 2004 | -- | $33,766 +1.9% |
| 2003 | -- | $33,148 +2% |
| 2002 | -- | $32,499 +4% |
| 2000 | -- | $31,239 |
Find assessor info on the county website
Neighborhood: Koreatown
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Nearby schools
GreatSchools rating
- 4/10Leo Politi Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Berendo Middle SchoolGrades: 6-8Distance: 0.1 mi
- 3/10West Adams Preparatory High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$983,200
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Estimated market value
$983,200
- California
- Los Angeles County
- Los Angeles
- 90006
- Koreatown
- 2531 W 12th St
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