650 S La Jolla Avenue, Los Angeles, CA 90048 (MLS # 24371201)

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PRICE $4,450,000 dsIDX morgage calculator
BEDS 10
BATHS 10
HOME SIZE 10,858 sqft
LOT SIZE 12,507 sqft

650 S La Jolla Avenue is a 10-unit multi-family apartment complex featuring 1,100sq. ft. units, each equipped with a private balcony/patio, in-unit washer and dryers, central heating, and parking. The seller has RTI permits for two 1bd/1bth ADUs through a carport conversion. Upon completion of the ADUs, the property will have a 13x GRM and an in-place 5.4% cap rate, with a 30% upside in existing unit rents. The building features a new 400amp main panel. Each unit is separately metered for electricity and gas.

DAYS ON MARKET 54 LAST UPDATED 3/26/2024
YEAR BUILT 1928 COMMUNITY Beverly Center-Miracle Mile
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income

PRICE HISTORY
Prior to Mar 26, '24 $4,500,000
Mar 26, '24 - Today $4,450,000


ADDITIONAL DETAILS
APPLIANCES Dryer, Refrigerator, Washer
AREA Beverly Center-Miracle Mile
BUYER'S BROKERAGE COMPENSATION 2.000 %
GARAGE Carport
HEAT Central
LOT 0.29 acre(s)
PARKING Carport
SEWER Other
ZONING LAR3
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Paloma Realty Partners, Inc.

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