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$ 4,850,000
Est. payment | /mo
12 Beds
12 Baths
12,201 SqFt
$ 4,850,000
Est. payment | /mo
12 Beds
12 Baths
12,201 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,201 sqft
Price per Sqft $397
MLS Listing ID 25487787
Bedrooms 12
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1928
Lot Size 0.287 Acres
Property Description
650 S La Jolla Ave is a 12-unit multi-family apartment complex featuring 1,100 sq. ft. units, each equipped with a private balcony/patio, in-unit washer and dryers, central heating, and parking. The seller has completed two 1bd/1bth ADUs through a carport conversion and with the new AB1211 Law, an investor can add up to 6 more on the lot adding significant value. The building features a new exterior paint job, new 400amp main panel and switchgear, new electrical meters and upgraded sewer. The property has 4 carport spaces with one additional space for storage that can be leased. There are an additional 3-4 spaces on the surface lot. On the property there are 4 basement areas that house shutoff valves, central heating units and extra storage space. The property is conveniently situated near a variety of amenities, including popular restaurants and nightlife resulting in a high rental demand market making it a very appealing investment opportunity. Please do not disturb tenants, property occupied please call listing agent for details.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5510028013
Special Listing Condition Standard
Listed by Adam Kanizo • Paloma Realty Partners, Inc.