$2,425,000
- Beds
- 8
- sq ft
- 7,544
624 S Dunsmuir Ave, Los Angeles, CA 90036
624 S Dunsmuir Ave
Los Angeles, CA 90036
- 42 days on market
- Price drop $135,000↓
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.
Details
Property type
Lot size
7,801 sq ft
Price per sq ft
$322
Year built
1930
HOA
No
Price History
08/25/2024
CLAW #24425479
Price change
$2,425,000
-5.27%
08/02/2024
CLAW #24425479
Listed
$2,560,000
Schools & Community
Neighborhood:
Mid Wilshire
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/20/2024 at 3:45 AM
Listing updated: 08/25/2024 at 1:19 PM
Listed by: Jake Glaser, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838
MLS: CLAW #24425479
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