650 La Jolla Avenue, Los Angeles, CA 90048
  • MLS#: 25483547 ( )
  • Street Address: 650 La Jolla Avenue
  • Viewed: 2
  • Price: $4,850,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1928
  • Bldg sqft: 0
  • Days On Market: 324
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90048
  • Provided by: Paloma Realty Partners, Inc.
  • Contact: Adam Adam
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Accountingtype
  1. Actual
Amperage
  1. 400
Assetclass
  1. Multi-Family
Building Area Total
  1. 12201.00
Building Name
  1. 650 La Jolla
Country
  1. US
Heating
  1. Central
Laundry Equipment Own Lease
  1. Own
Netoperatingincome
  1. 242706.00
Parcel Number
  1. 5510028013
Postalcodeplus4
  1. 4819
Roof
  1. Flat
Security Features
  1. Automatic Gate
  2. Carbon Monoxide Detector(s)
  3. Gated Community
Uncovered Spaces
  1. 2.00
Year Built
  1. 1928
Zoning
  1. LAR3