650 South La Jolla Avenue Los Angeles, CA ^$ 4,450,000

650 South La Jolla Avenue

^$ 4,450,000

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650 South La Jolla Avenue

Los Angeles, CA, 90048

^$ 4,450,000

Studio Baths0.0 Sq 10,858

Monthly Estimate*

^$ 31,085

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $4,450,000. This 10,858 square foot home was built in 1928 on a lot size of 0.29.

650 S La Jolla Avenue is a 10-unit multi-family apartment complex featuring 1,100sq. ft. units, each equipped with a private balcony/patio, in-unit washer and dryers, central heating, and parking. The seller has RTI permits for two 1bd/1bth ADUs through a carport conversion. Upon completion of the ADUs, the property will have a 13x GRM and an in-place 5.4% cap rate, with a 30% upside in existing unit rents. The building features a new 400amp main panel. Each unit is separately metered for electricity and gas.

Multi-Family Active

Price

^$ 4,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.29

Year Built

1928

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024371201

Features

General

Heating Central

Possession Close of Escrow

Zoning LAR3

Security Features Smoke Detector(s) Automatic Gate Gated Community

Year Built 1928

Tenant Pays Electricity Gas

Levels Multi/Split

Accessibility Other

County Los Angeles

Net Operating Income 191155.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C19 - Beverly Center-Miracle Mile

Lot Size Square Feet 12504.0

Street Name La Jolla

Standard Status Active

Buyer Agent Compensation Type %

Interior

Flooring Wood

Kitchen Appliances Refrigerator

Heating Y/N Yes

Street Suffix Avenue

Laundry Features Stackable Washer Included Dryer Included

Total Baths 0

Exterior

Parking Features Carport

Lot Size Area 12504.0

Building Area Total 10858.0

Lot Size Acres 0.29

Lot Size Units Square Feet

Door Features Double Door Entry

Land Lease Type Fee

* Excluded Features

List By

Adam Kanizo

Listing Agent

Paloma Realty Partners, Inc.

Broker

Affordability Calculator

$31,085

Per Month

Monthly Principal & Interest: $31,085
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,002,074

Percent of Sale Price 55%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/26/2024	$4,450,000		Listed Price

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650 South La Jolla Avenue, Los Angeles, CA, 90048 is a Multi-Family Home for sale at $4,450,000 with 10,858 sqft and a lot size of 0.29. 650 South La Jolla Avenue is a studio with 0.0 baths and was built in 1928. The property's zip code is 90048 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/3/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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650 South La Jolla Avenue

Multi-Family Home for sale in Los Angeles, CA

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