650 S La Jolla Avenue Los Angeles, CA ^$ 4,450,000

650 S La Jolla Avenue

^$ 4,450,000

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650 S La Jolla Avenue

Los Angeles, CA, 90048

^$ 4,450,000

Bedrooms10 Baths10.0 Sq 10,858

Monthly Estimate*

^$ 31,085

Listed by Paloma Realty Partners, Inc.

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Multi-Family Home for sale in Los Angeles, CA

for $4,450,000 with 10 bedrooms and 10 full baths. This 10,858 square foot home was built in 1928 on a lot size of 0.2871.

650 S La Jolla Avenue is a 10-unit multi-family apartment complex featuring 1,100sq. ft. units, each equipped with a private balcony/patio, in-unit washer and dryers, central heating, and parking. The seller has RTI permits for two 1bd/1bth ADUs through a carport conversion. Upon completion of the ADUs, the property will have a 13x GRM and an in-place 5.4% cap rate, with a 30% upside in existing unit rents. The building features a new 400amp main panel. Each unit is separately metered for electricity and gas.

Multi-Family Active

Price

^$ 4,450,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2871

Year Built

1928

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24371201

Days on Market

Features

General

Sewer Other

Heating Central

Possession CloseOfEscrow

Appliances Refrigerator Dryer Washer

Zoning LAR3

Security Features SecurityGate GatedCommunity SmokeDetectors

Year Built 1928

Tenant Pays Electricity Gas

Levels MultiSplit

Gross Income 275460.0

Community Features Gated

County Los Angeles

Net Operating Income 191155.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Wilshire and La Jolla Ave.

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 10

MLS Area C19 - Beverly Center-Miracle Mile

Lot Size Square Feet 12504.0

Private Pool N

Waterfront Y/N N

Carport Spaces 10.0

Carport Y/N Y

Street Name La Jolla

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 8

Standard Status Active

Occupancy Description Tenant

Cap Rate 4.3

Interior

Flooring Wood

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Laundry Features Stacked

Total Bedrooms 10

Electric On Property Y/N N

Total Baths 10

Exterior

Parking Features Carport

Total Parking 10.0

Lot Size Area 12504.0

Number of Buildings 1

Spa N

Building Area Total 10858.0

Lot Size Acres 0.2871

Lot Size Units SquareFeet

Door Features DoubleDoorEntry

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 650

* Excluded Features

List By

Paloma Realty Partners, Inc.

Broker

(818) 292-1346

Phone

Affordability Calculator

$31,085

Per Month

Monthly Principal & Interest: $31,085
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,999,871

Percent of Sale Price 55%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/26/2024	$4,450,000		Listed Price

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650 S La Jolla Avenue, Los Angeles, CA, 90048 is a Multi-Family Home for sale at $4,450,000 with 10,858 sqft and a lot size of 0.2871. 650 S La Jolla Avenue has 10 bedrooms, 10.0 baths, and was built in 1928. The property's zip code is 90048 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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650 S La Jolla Avenue

Multi-Family Home for sale in Los Angeles, CA

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