2331 Lucerne AV
Los Angeles, CA, 90016
$1,625,000
5 Beds
5 Baths
4,672 SqFt
0.13 Acres
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MLS #26636021 image #0
BEST VALUE IN MID CITY! Welcome to Lucerne tower! A five unit, 1920’s Italianate Arts & Crafts architectural multifamily apartment building with multiple live/ loft/ work accessory unit potential. Centrally located, within the urban vibrancy of Mid City Heights/West Adams district. Officially designated an “Urbanized, Transit Priority Area” (TPA), the property is strategically positioned in the most appealing centre of high growth areas from Downtown L.A. to Culver City’s Tech Hub, the neighbourhood is experiencing a rapid growth of multifamily development. Lucerne Tower sits within recently funded city infrastructure installations including (2) Metro lines to USC , LAX, Downtown, Westside Beaches, and walkability to the “Washington Corridor” & Artist District featuring trending coffee venue destinations and art galleries. All units have been master-crafted, millwork restored and adequately sized [potential reconfigure] with hi-cove ceilings, separate dining areas, sconced parlors and Batchelder fireplace mantles. Bathrooms feature wainscoted tile, pedestal sinks, and deep 1920s Kohler tubs in all units. All units retain individual laundry rooms with 125 amp electric service, copper plumbing with no expense spared on the structural assets. The property sits atop an apex of unobstructed, Los Angeles citywide views. Here you will find the “hero tower” unit with a separate 12’x12′ creative space, 360′ panoramic rooftop views and balconies perched over the Mediterranean landscape’s 25 ft palm trees. The rear loft apartment sits stand alone over (4) additional artist shops or studio workplaces adding a unique flex-space potential [buyer to verify with city]. The property can be versatile for an owner-user/creative that wants to have onsite work -loft studio space or any professional/investor.

Property Details

Price:
$1,625,000
MLS #:
26636021
Status:
Active
Beds:
5
Baths:
5
Type:
Single Family
Neighborhood:
c16midlosangeles
Listed Date:
Jan 23, 2026
Finished Sq Ft:
4,672
Total Sq Ft:
4,672
Lot Size:
5,675 sqft / 0.13 acres (approx)
Year Built:
1924
C16 – Mid Los AngelesC16midlosangeles

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Schools

Interior

Cooling
NO
Heating
FF

Exterior

Parking Spots
5

Financial

Gross Operating Income
$84,012
Net Operating Income
$67,210

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Feb 02, 2026
6,872
Single Family Listed
66
Avg DOM
507
Avg $ / SqFt
$1,487,232
Avg List Price

Property Summary

    2331 Lucerne AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90016. It is listed for $1,625,000 and features 5 beds, 5 baths, and has approximately 4,672 square feet of living space, and was originally constructed in 1924. The current price per square foot is $348. The average price per square foot for Single Family listings in Los Angeles is $507. The average listing price for Single Family in Los Angeles is $1,487,232.

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2331 Lucerne AV
Los Angeles, CA