Los Angeles, CA 90048,650 S La Jolla AVE
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Los Angeles, CA 90048,650 S La Jolla AVE
Los Angeles, CA 90048,650 S La Jolla AVE
Los Angeles, CA 90048,650 S La Jolla AVE
Los Angeles, CA 90048,650 S La Jolla AVE
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$ 4,850,000
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650 S La Jolla AVE Los Angeles, CA 90048

0.29 Acres Lot


UPDATED:

01/16/2025 12:37 AM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25483547

HOA Y/N No

Year Built 1928

Lot Size 0.287 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Heating Central

Fireplace No

Exterior

Community Features Gated

Roof Type Flat

Total Parking Spaces 7

Building

Story 2

Others

Tax ID 5510028013

Security Features Carbon Monoxide Detector(s),Security Gate,Gated Community

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Adam Kanizo • Paloma Realty Partners, Inc.
agent
Kara Peter

Agent | License ID: 02044812

+1(619) 500-7080 | karalofty@thehmco.com

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650 S La Jolla AVE