1150 Masselin Ave

Los Angeles, CA 90019

$2,895,000
Price
14
Beds
10
Baths
8,768 Sq. Ft.
$330 / Sq. Ft.
8,768
Sq. Ft.
$330
per Sq. Ft.

Description

1150 Masselin Ave is a 10 unit building near Miracle Mile in Los Angeles. Offers Assumable Financing at 3.15% Interest Only until 2031! The spacious 1 & 2 bedroom units average to about 877 SF each. 4 out of the 10 units have been renovated, while also offering over 54% rental upside! Brand New Roof Put in 2024. Potential ADU opportunity via SB 1211 (Buyer to Verify). The building is separately metered for gas and electric and has a new 100G water heater. 1150 Masselin has 7 total parking spaces...1150 Masselin Ave is a 10 unit building near Miracle Mile in Los Angeles. Offers Assumable Financing at 3.15% Interest Only until 2031! The spacious 1 & 2 bedroom units average to about 877 SF each. 4 out of the 10 units have been renovated, while also offering over 54% rental upside! Brand New Roof Put in 2024. Potential ADU opportunity via SB 1211 (Buyer to Verify). The building is separately metered for gas and electric and has a new 100G water heater. 1150 Masselin has 7 total parking spaces and features a Large 9,295 SF Corner Lot Zoned LAR3.
  1. Listed by Jordan Asheghian • DRE #01886605 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 1150 Masselin Avenue

Zoning
LAR3
Parcel Number
5085019018
Total Units
10.0
Living Area
8768
Source Living Area
Assessor
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
2%
Lot Size Area
9295
LISTING UPDATED: 04/18/2025 12:07 AM

Property Details for 1150 Masselin Avenue

StatusActive
MLS #25523913
Days on Market110
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.21 AC / 9,295 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jordan Asheghian, DRE #01886605
Add your commute

Building Information for 1150 Masselin Avenue

Stories-Residences-Year Built1948Building Size-Lot Size0.21 AC / 9,295 SF

Payment Calculator

$18,392 per month

30 year fixed, 6.845% Interest

Principal and Interest

$15,168

Property Taxes

$3,224

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1150 Masselin Avenue

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $209,517
  • Net Operating Income: $132,323.00
  • Gross Income: $213,756
  • Cap Rate: 4.45%
  • Gross Rent Multiplier: $13.66
  • Vacancy Allow Dollar: $4,239.00
  • Total Annual Expense: 77194
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2134
  • Lot Size Square Feet: 9295
Parking Details
Parking Details
  • Parking Garage: Driveway, Covered Parking
  • Total Parking: 7
  • Covered Parking: 3
  • Open Other Spaces Total: 4
  • Parking Features: Driveway, Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Electric
  • Heating Type: Electric
  • Equipment: Gas Dryer Hookup
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-10-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,665.00
  • Unit Actual Rent: $9,993.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,917.00
  • Unit Actual Rent: $7,670.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $787,423.00
  • Assessed Improvement Percent: 25.48
  • Assessed Land Value: $2,303,217.00
  • Assessed Land Percent: 74.52
  • Assessed Total Value: $3,090,640.00

Property History for 1150 Masselin Avenue

DateEvent & SourcePriceAppreciation
Apr 10, 2025

Listed (Active)

CRMLS #25523913

$2,895,000—
Apr 10, 2025

Listed (Active)

CLAW #25523913

$2,895,000—
Jun 1, 2022

Expired

CRMLS #SR22094176

$3,325,000—
May 31, 2022

Expired

CLAW #SR22094176CN

$3,325,000—
May 21, 2022

Withdrawn / Cancelled

CRMLS #SR22094176

—
May 21, 2022

Withdrawn / Cancelled

CLAW #SR22094176CN

—
May 11, 2022

Listed (Active)

CLAW #SR22094176CN

$3,325,000—
May 11, 2022

Listed (Active)

CRMLS #SR22094176

$3,325,000—
Apr 5, 2019

Sold

CRMLS #19434568

$2,826,000—
Apr 5, 2019

Sold

SDMLS #19434568

$2,826,000—
Apr 5, 2019

Sold

CLAW #19-434568

$2,826,000—
Apr 3, 2019

Sold (Public Record)

Public Record #642077248

$2,826,000—
Feb 25, 2019

Pending

CLAW #19-434568

—
Feb 25, 2019

Pending

CRMLS #19434568

—
Feb 19, 2019

Listed (Active)

CLAW #19-434568

$2,349,000—
Feb 19, 2019

Listed (Active)

CRMLS #19434568

$2,349,000—
Feb 19, 2019

Listed (Active)

SDMLS #19434568

$2,349,000—
DateEvent & SourcePrice
04/10/2025

Listed (Active)

CRMLS #25523913

$2,895,000
04/10/2025

Listed (Active)

CLAW #25523913

$2,895,000
06/01/2022

Expired

CRMLS #SR22094176

$3,325,000
05/31/2022

Expired

CLAW #SR22094176CN

$3,325,000
05/21/2022

Withdrawn / Cancelled

CRMLS #SR22094176

—
05/21/2022

Withdrawn / Cancelled

CLAW #SR22094176CN

—
05/11/2022

Listed (Active)

CLAW #SR22094176CN

$3,325,000
05/11/2022

Listed (Active)

CRMLS #SR22094176

$3,325,000
04/05/2019

Sold

CRMLS #19434568

$2,826,000
04/05/2019

Sold

SDMLS #19434568

$2,826,000
04/05/2019

Sold

CLAW #19-434568

$2,826,000
04/03/2019

Sold (Public Record)

Public Record #642077248

$2,826,000
02/25/2019

Pending

CLAW #19-434568

—
02/25/2019

Pending

CRMLS #19434568

—
02/19/2019

Listed (Active)

CLAW #19-434568

$2,349,000
02/19/2019

Listed (Active)

CRMLS #19434568

$2,349,000
02/19/2019

Listed (Active)

SDMLS #19434568

$2,349,000

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

Public Records for 1150 Masselin Avenue

Taxable ValueLand$2,303,217Additions$788,623Total$3,091,840
Tax Record2024$38,693 ($3,224 / month)
Home Facts
Total Finished SqFt8,768 SqFtAbove Grade Finished SqFt8,768 SqFtLot Size9,295 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLAR3CountyLOS ANGELESAPN5085-019-018

Schools near 1150 Masselin 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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1150 Masselin Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on April 10, 2025 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,895,000. It has been on the market for a total of 110 days and was last sold on April 5, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Saturn Street Elementary School, Emerson Community Charter School and Fairfax Senior High School. 1150 Masselin Avenue is a 14-bed, 10-bath, 8,768 sqft multi-family home built in 1948.

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 Lyon Stahl Investment Real Estate, Inc., Jordan Asheghian, DRE #01886605

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.