650 S La Jolla Avenue, Los Angeles CA, 90048

Active

650 S La Jolla Avenue

Los Angeles CA, 90048

$4,850,000

$397.51 per sqft

Active

12 Beds

12 Baths

12,201 sqft

Residential

Built in 1928

Listed by Adam Kanizo with Paloma Realty Partners, Inc. 818-292-1346

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.

25487787

MLSⓇ ID

January 15, 2025

Listed

February 12, 2025

Updated

Interior Features

Total Stories: 2
Bedrooms: 12
Total Bathrooms: 12
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.29 Acres

Other Property Details

Area Name: C19 - Beverly Center-Miracle Mile
Days on Market: 8
Garage: No
Parking: Carport
Parking Total: 7
View: No
County: Los Angeles
Zoning: LAR3

Listing Contact: 310-392-2436

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/12/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/12/2025 at 7:03 PM UTC