624 S Dunsmuir Avenue
Los Angeles, CA 90036
Active for $2,425,000
Beds: 8 Baths: 8 Structure Size: 7,544 sqft Lot Size: 7,801 sqft
| MLS | 24425479 |
| Year Built | 1930 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $2,425,000 |
| Structure Size | 7,544 sqft |
| Lot Size | 7,801 sqft |
| Beds | 8 |
| Baths | 8 |
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.
Listing information courtesy of: Jake Glaser, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 09/19/2024 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.
Location
Contact a Local Realtor®
Violetta Kalina
REALTOR®
Direct: 818.918.8748
Email: Email Me
DRE: 02122930
DRE #01873088
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