$ 2,425,000
624 S Dunsmuir AVE Los Angeles, CA 90036
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$ 2,425,000
Est. payment /mo
Pending
624 S Dunsmuir AVE Los Angeles, CA 90036
8 Beds
8 Baths
7,544 SqFt
UPDATED:
09/30/2024 05:53 PM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 7,544 sqft
Price per Sqft $321
MLS Listing ID 24425479
Bedrooms 8
HOA Y/N No
Year Built 1930
Lot Size 7,801 Sqft
Acres 0.1791
Property Description
TO BE SOLD TOGETHER WITH ADJACENT 8-UNIT PROPERTY AT 630 S DUNSMUIR AVE, 16 UNITS TOTAL FOR $4,850,000....624 & 630 S Dunsmuir Ave are two side-by-side 8-unit buildings in the Miracle Mile neighborhood in Los Angeles. These beautiful Spanish-style buildings boast a combined 15,088 square feet, with each building comprising 7,544 square feet. The properties feature spacious 1-bedroom, 1-bathroom units with offices, averaging 943 square feet each. The are currently 7 vacancies available across the two buildings. The charming architecture, large bright units, and hardwood floors throughout add to the allure & charm of these properties. The buildings are master-metered for all utilities, and all of the occupied units are eligible for 6% rent increases from day one after purchase. Additionally, there is an on-site laundry room in the basement of 630 Dunsmuir Ave, which is shared between the tenants of both buildings. There are also 14 uncovered parking spaces in the back of the lots. Lastly, the plumbing across both buildings has been partially replaced with copper piping. This is a rare opportunity as these properties are on the market for the first time in 50+ years. The buildings sit on separate R4 parcels totaling 15,597 SqFt of land and must be purchased together.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR4
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Garage Uncovered
Pool None
Parking Type Uncovered
Total Parking Spaces 7
Private Pool No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5508010017
Special Listing Condition Standard
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.