650 S La Jolla Avenue, Los Angeles, CA 90048
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Listed Price :
$4,850,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1928
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
650 S La Jolla Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90048 |
| County |
Los Angeles |
| Listing Agent |
Adam Kanizo DRE #02008361 |
| Courtesy Of |
Paloma Realty Partners, Inc. |
| List Price |
$4,850,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
12,504 |
| Year Built |
1928 |
Listing information courtesy of: Adam Kanizo, Paloma Realty Partners, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 16th, 2025 at 12:37 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
