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650 S La Jolla Avenue

Los Angeles, CA 90048

– beds
– baths
– sqft
12,504 sqft lot
1928 build
– on site

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.

Listed By CRMLS_CA / Adam Kanizo / Paloma Realty Partners, Inc.

Last checked: Checking… • Last updated Jan 23, 2025 •

MLS# 25487787 —

The Building

Year Built:

1928
New Construction:

No
Building Area Total:

12201.00
Total Number Of Units:

12
# of Buildings:

2
Stories Total:

2

Interior

Levels:

Two

Location

Directions:

Located just off Wilshire between San Vicente and Fairfax.
Latitude:

34.06451100
Longitude:

-118.36786700

The Property

Property Type:

Residential Income
Property Condition:

Updated/Remodeled
Zoning:

LAR3
Lot Size Area:

12504.0000
Lot Size Acres:

0.2871
Lot Size SqFt:

12504.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5510028013

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Carport
Parking Spaces:

7.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
1/22/25 Jan 22, 2025	Listed / Active	CRMLS_CA	$4,850,000
3/26/24 Mar 26, 2024	Price Changed	CRMLS_CA
3/26/24 Mar 26, 2024	Listed / Active	CRMLS_CA

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This multifamily located in Central LA, Los Angeles, CA 90048 is currently for sale for $4,850,000. 650 S La Jolla Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 650 S La Jolla Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Fairfax Senior High School, John Burroughs Middle School, and Hancock Park Elementary School.

Listing Courtesy of: CRMLS_CA and Paloma Realty Partners, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 15:01 on Jan 24.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.