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$4,850,000
Est. payment /mo
12,201 SqFt
UPDATED:
01/16/2025 04:07 AM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 12,201 sqft
Price per Sqft $397
MLS Listing ID CL25483547
HOA Y/N No
Year Built 1928
Lot Size 0.287 Acres
Acres 0.29
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
Zoning LAR3
Interior
Heating Other
Fireplace No
Exterior
Total Parking Spaces 7
Building
New Construction No
Others
Tax ID 5510028013
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Listed by Adam Kanizo • Paloma Realty Partners, Inc.