650 S La Jolla Avenue
Los Angeles, CA, 90048
$4,850,000
Beds
0 Baths
SqFt
0.29 Acres
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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.

Property Details

Price:
$4,850,000
MLS #:
25487787
Status:
Active
Baths:
0
Address:
650 S La Jolla Avenue
Type:
Residential Income
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Jan 15, 2025
State:
CA
ZIP:
90048
Lot Size:
12,504 sqft / 0.29 acres (approx)
Year Built:
1928
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Interior

Cooling
None
Heating
Central

Exterior

Parking Features
Carport
Parking Spots
7.00
Stories Total
2

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650 S La Jolla Avenue
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