2815 12th Avenue, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 1 bath

2815 12th Avenue, Los Angeles, California 90018 home-pic-0
ACTIVE$499,900
2815 12th Avenue, Los Angeles, California 90018
2Beds
1Bath
840Sqft
7,901Lot
Year Built
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$595
HOA
$175
Days on market
-
Sold On
-
MLS number
25504223
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $499.9K(50th), sqft - 840(50th), beds - 2(50th), baths - 1(50th).

Own a slice of West Adams with this beautiful REMODELED TIC Unit! This fully renovated 2 bedroom 1 bath home sits within a charming duplex, nestled on a quiet street. Step into a light-filled space with gleaming hardwood floors and an open concept floor-plan, perfect for a relaxing lifestyle. This home features a modern kitchen boasting stainless steel appliances, new custom cabinetry plus new stackable washer/dryer in unit. The updated bathroom features a new mid century wooden vanity, designer tiles and fixtures and extra spacious shower. The updated cozy bedrooms offer comfort, while your Private OUTDOOR PATIO offers a peaceful retreat equipped with a brand new fire pit. Each unit is separately metered for gas, electric and water and comes with new Nest thermostat. Located in the buzzing West Adams neighborhood, your steps away from trendy eateries, shops and freeway access. Move-in ready and brimming with LA character, this is a rare opportunity to invest in a thriving community. This is a TIC sale (Tenants-in-Common) and there is a small monthly HOA which will be finalized soon. We have a great lender who specializes in TIC loans, that we can refer to potential buyers/Agents. The concept of TIC is not new, but this type of purchase has been growing in popularity in the LA market over the past few years. TIC provides ease and affordability.

Condition Rating
Excellent

This property has undergone a full and extensive renovation, as explicitly stated in the description and confirmed by the property analysis. It features a modern kitchen with new stainless steel appliances and custom cabinetry, an updated bathroom with a new mid-century vanity and designer tiles/fixtures, gleaming hardwood floors throughout, and modern conveniences like a new stackable washer/dryer and Nest thermostat. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Extensive Renovation: The unit is fully remodeled with modern kitchen, updated bathroom, new appliances, custom cabinetry, gleaming hardwood floors, and an in-unit stackable washer/dryer, making it move-in ready.
Prime West Adams Location: Situated in a 'buzzing' and 'thriving' West Adams neighborhood, offering convenient access to trendy eateries, shops, and freeway, enhancing lifestyle and potential appreciation.
Private Outdoor Patio: Includes a private outdoor patio equipped with a brand new fire pit, providing a valuable personal retreat space for relaxation and entertainment.
Modern Conveniences: Features stainless steel appliances, a new Nest thermostat, and separate metering for gas, electric, and water, enhancing comfort, efficiency, and individual control over utilities.
Open Concept & Light-Filled: The open concept floor plan and light-filled interior create a spacious and inviting living environment, appealing to modern aesthetic preferences.

Cons

Tenants-in-Common (TIC) Ownership: The property is a TIC sale, which can complicate financing, require specialized lenders, and may not appeal to all buyers due to its shared ownership structure and potential limitations compared to traditional condominiums.
Unfinalized HOA: The monthly HOA fee is stated as 'small' but 'will be finalized soon,' introducing uncertainty regarding future costs and governing rules for the buyer.
Compact Living Space: With 840 sqft for a 2-bedroom, 1-bath unit, the interior living space is relatively compact, which might be a consideration for buyers seeking more expansive accommodations.

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