12340 Tennessee Ave

Los Angeles, CA, 90064

$1,995,000

$521 per ft²
$1,995,000
$521 per ft²
Pending
Pending
 - For Sale
beds
10 Beds
baths
9 Baths
carpenters-square
3,827 ft²
property_type
Multi-family
calendar
Built 1956
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.
MLS® ID:
23-241663
Listed:
2/13/23
Updated:
3/30/23

Interior Features

Total Bedrooms
10
Total Bathrooms
9
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
6,250 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Covered Parking
Parking Total
9.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
3/3/23
Price Change
$1,995,000
-13%
3/14/23
Pending
-
-

Courtesy of Miller & Desatnik Realty Co., Errol Spiro,
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 Megan Whalen Team 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 3/30/23

Contact