650 S La Jolla Avenue, Los Angeles, CA 90048 - Berkshire Hathaway HomeServices California Properties

650 S La Jolla Avenue, Los Angeles, CA 90048

$4,850,000 Approx. USD 12 beds, 12 baths
12,201 sqft

Listing Agent


Adam Kanizo | ak@palomarealtypartners.com
Lic#: 02008361
Broker: Courtesy of Paloma Realty Partners, Inc.

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25487787
Price: $4,850,000
Beds: 12
Baths: 12
Built in 1928
12,201 sqft
2 stories
0.29 acres
Lot size: 0.2871
County: Los Angeles
Zoning: LAR3
Parking description: Carport
Heating/cooling: None
Heating description: Central
MLS area: C19 - Beverly Center-Miracle Mile

Last Updated: 1/23/2025

 Days On Market (DOM): 67

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This listing belongs to the C19 - Beverly Center-Miracle Mile MLS area

Lat/Long: 34.064511, -118.367867.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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