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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.
Property Type(s):
Commercial
| Last Updated | 1/15/2025 | Year Built | 1928 |
|---|---|---|---|
| Community | Beverly Center-Miracle Mile | County | Los Angeles |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | Beverly Center-Miracle Mile |
| HEAT | Central |
| HOA DUES | 0 |
| LOT | 0.29 acre(s) |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with Paloma Realty Partners, Inc.
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