1344 South Dunsmuir Avenue

Los Angeles, CA 90019

$1,900,000
Last Sold Price
8
Beds
8
Baths
6,460 Sq. Ft.
$294 / Sq. Ft.
6,460
Sq. Ft.
$294
per Sq. Ft.

Description

This fantastic eight-plex with Spanish flair is nestled in the ideal Wilshire Vista location. The building comprises eight one-bedroom, one-bathroom units, each averaging approximately 807 square feet. With strong current income and future rental upside potential, this property offers significant value. All units are separately metered for gas and electricity, and six of the eight units have been updated. Recent upgrades include a new roof, new plumbing, newer electrical in some units, and some new...This fantastic eight-plex with Spanish flair is nestled in the ideal Wilshire Vista location. The building comprises eight one-bedroom, one-bathroom units, each averaging approximately 807 square feet. With strong current income and future rental upside potential, this property offers significant value. All units are separately metered for gas and electricity, and six of the eight units have been updated. Recent upgrades include a new roof, new plumbing, newer electrical in some units, and some new windows. Additionally, the property features four 1-car garages and a common area backyard for tenants to enjoy. It's worth noting that a total of 4 units will be delivered vacant. Located in the heart of Los Angeles, this property offers unparalleled convenience, within minutes of Wilshire Vista boutiques and cafes (local hot spot Sky's Gourmet Tacos is across the street and a neighborhood obsession), and Museum Row, The Grove, Target, Sprouts & so much more. A rare opportunity to acquire an exceptional income property in a sought-after area, with 50% of the units being delivered vacant, offering significant potential value for the next owner.

Listing Agents

  1. Erica Lockhart

    Erica Lockhart

    Listing Agent

    Compass

    DRE #01763313

  2. Lorin Ruttenberg

    Lorin Ruttenberg

    Alternative Listing Agent

    Compass

    DRE #01309588

    lorin@compass.com

    P: (310)-780-0214

Property Details for 1344 South Dunsmuir Avenue

Zoning
LAR3
Parcel Number
5085036025
Total Units
8.0
Living Area
6460
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
3496
Lot Size Area
7208
LISTING UPDATED: 02/21/2024 12:09 PM

Property Details for 1344 South Dunsmuir Avenue

StatusSold
MLS #24-350331
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.17 AC / 7,208 SF
CountyLos Angeles County
Buyer's Agent Compensation2.5%

Building Information for 1344 South Dunsmuir Avenue

Stories2Residences-Year Built1929Building Size-Lot Size0.17 AC / 7,208 SF

Property Information for 1344 South Dunsmuir Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1 bed/1 bath
  • View: Yes
  • View Description: Tree Top, City
  • View: City Lights
Contract Info
Contract Info
  • Disclosures: Rent Control, As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $96,487
  • Net Operating Income: $98,047.00
  • Gross Income: $8,249
  • Gross Rent Multiplier: $18.00
  • Actual Annual Gross Rent: $98,993.40
  • Actual Gross Annual Income: $98,993
  • Actual Rent Total: $8,249.45
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 15001
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1655
  • Lot Size Square Feet: 7208
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Garage Is Detached, On street
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Street
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall, Wall Electric
  • Flooring: Mixed, Tile, Carpet, Laminate, Hardwood
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-23-2024
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,245.00
  • Unit Actual Rent: $1,245.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,463.00
  • Unit Actual Rent: $1,463.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,739.00
  • Unit Actual Rent: $1,739.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,065.00
  • Unit Actual Rent: $2,065.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 7
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $390,304.00
  • Assessed Improvement Percent: 70.0
  • Assessed Land Value: $167,258.00
  • Assessed Land Percent: 30
  • Assessed Total Value: $557,562.00

Property History for 1344 South Dunsmuir Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1344 South Dunsmuir Avenue

Taxable ValueLand$170,603Additions$398,110Total$568,713
Tax Record2024$8,006 ($667 / month)
Home Facts
Total Finished SqFt6,460 SqFtAbove Grade Finished SqFt6,460 SqFtLot Size7,206 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningLAR3CountyLOS ANGELESAPN5085-036-025

Schools near 1344 South Dunsmuir Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Saturn Street Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Erica Lockhart, DRE #01763313; Compass, Lorin Ruttenberg, DRE #01309588

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.