TO BE SOLD TOGETHER WITH ADJACENT 8-UNIT PROPERTY AT 630 S DUNSMUIR AVE, 16 UNITS TOTAL FOR $4,850,000….624 & 630 S Dunsmuir Ave are two side-by-side 8-unit buildings in the Miracle Mile neighborhood in Los Angeles. These beautiful Spanish-style buildings boast a combined 15,088 square feet, with each building comprising 7,544 square feet. The properties feature spacious 1-bedroom, 1-bathroom units with offices, averaging 943 square feet each. The are currently 7 vacancies available across the two buildings. The charming architecture, large bright units, and hardwood floors throughout add to the allure & charm of these properties. The buildings are master-metered for all utilities, and all of the occupied units are eligible for 6% rent increases from day one after purchase. Additionally, there is an on-site laundry room in the basement of 630 Dunsmuir Ave, which is shared between the tenants of both buildings. There are also 14 uncovered parking spaces in the back of the lots. Lastly, the plumbing across both buildings has been partially replaced with copper piping. This is a rare opportunity as these properties are on the market for the first time in 50+ years. The buildings sit on separate R4 parcels totaling 15,597 SqFt of land and must be purchased together.
Property Details
Price:
$2,425,000
MLS #:
24425479
Status:
Active
Baths:
0
Address:
624 S Dunsmuir Avenue
Type:
Residential Income
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Aug 2, 2024
State:
CA
ZIP:
90036
Lot Size:
7,801 sqft / 0.18 acres (approx)
Year Built:
1930
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Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Uncovered
Parking Spots
7.00
Pool Features
None
Spa Features
None
Financial
Map
Community
- Address624 S Dunsmuir Avenue Los Angeles CA
- AreaC19 – Beverly Center-Miracle Mile
- CityLos Angeles
- CountyLos Angeles
- Zip Code90036
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
624 S Dunsmuir Avenue
Los Angeles, CA
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