650 La Jolla Avenue, Los Angeles, CA 90048
  • MLS#: 25487787 ( Multi-Family )
  • 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: 40
  • 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
Property Type
  1. Multi-Family