Sold

12425 Texas Ave

Los Angeles CA, 90025

$6,900,000


$351.41 per sqft

Sold

20 Beds

23 Baths

19,635 sqft

Multi-family

Built in 1960

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).

22-223088

MLS ID

December 6, 2022

Listed

September 20, 2023

Updated

Map

12425 Texas Ave
Los Angeles CA, 90025

Interior Features

Total Stories

2


Bedrooms

20 Beds


Bathrooms

23 Baths


Fireplace

No


Cooling

Yes


Cooling Description

None


Heating

Yes


Heating Description

None

Exterior/Building Features

Lot Size

0.48 acres


Exterior Features

None

Other Property Details

Days on Market

62


Garage

No


Parking

None


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Courtesy of Errol Spiro with Miller & Desatnik Realty Co.
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cooper Mount shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/20/2023

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