$4,850,000
650 S LA Jolla Ave, Los Angeles, CA 90048
- 12Beds
- 12Baths
- 12201SqFt
- 12Beds
- 12Baths
- 12201SqFt
- Property TypeCondo
- Year Built1928
- Price per Sqft$398
- On highrises31 Days
Property Details
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 Features
Bedrooms
- Bedrooms: 12
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Adam Kanizo
- state license#02008361
- Brokered by:
- Paloma Realty Partners, Inc.
- (310) 392-2436