650 S La Jolla Avenue, Los Angeles, CA 90048 (MLS # 25483547)

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PRICE $4,850,000 dsIDX morgage calculator
SIZE 12,201 sqft
LOT SIZE 12,507 sqft
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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.

DAYS ON MARKET 2 LAST UPDATED 1/15/2025
YEAR BUILT 1928 COMMUNITY C19 - Beverly Center-Miracle Mile
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR CONDITIONING Yes
AREA C19 - Beverly Center-Miracle Mile
HEAT Central
LOT 0.2871 acre(s)
STORIES 2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 650 S LA JOLLA AVENUE
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Listing provided by : Adam Kanizo CalDRE: S, Paloma Realty Partners, Inc.

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