1346-1348 Masselin Avenue

Los Angeles, CA 90019

$1,599,000
Price
6
Beds
4
Baths
3,216 Sq. Ft.
$497 / Sq. Ft.
3,216
Sq. Ft.
$497
per Sq. Ft.

Description

Welcome to 1346 & 1348 Masselin Ave, Los Angeles, CA 90019 - a stunning 1929 Spanish-style duplex exuding early Hollywood charm. Located in the sought-after Mid-Wilshire/Miracle Mile area, this 3,216 sqft property features two spacious units, each with 3 bedrooms and 1 3/4 baths. Ideal for owner-users or investors, both units offer large living areas, formal dining rooms, and vintage details like coved ceilings and original hardwood floors. Each unit includes a bright living room, cozy breakfast...Welcome to 1346 & 1348 Masselin Ave, Los Angeles, CA 90019 - a stunning 1929 Spanish-style duplex exuding early Hollywood charm. Located in the sought-after Mid-Wilshire/Miracle Mile area, this 3,216 sqft property features two spacious units, each with 3 bedrooms and 1 3/4 baths. Ideal for owner-users or investors, both units offer large living areas, formal dining rooms, and vintage details like coved ceilings and original hardwood floors. Each unit includes a bright living room, cozy breakfast nook, and in-unit laundry. The property also features two garages and a long driveway, providing ample parking or ADU potential. Lush landscaping adds to the curb appeal, while the backyard is perfect for relaxation or entertaining. Situated near LACMA, The Grove, and 3rd Street shops, 1346 Masselin Ave offers solid rental income and the potential to add further value. Don't miss this rare opportunity in one of LA's most vibrant neighborhoods.
  1. Listed by Sandra Miller • DRE #01446377 • Brokerage DRE #01446377 • ENGEL & VÖLKERS Santa Monica

Property Details for 1346-1348 Masselin Avenue

Water Front
None
Zoning
LAR2
Style
Spanish
Accessibility Features
None
Parcel Number
5085030026
Total Units
2.0
Living Area
3216
Source Living Area
Assessor
LISTING UPDATED: 12/18/2024 07:42 AM

Property Details for 1346-1348 Masselin Avenue

StatusActive
MLS #24-451367
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.13 AC / 5,797 SF
CountyLos Angeles County

Building Information for 1346-1348 Masselin Avenue

Stories2Residences-Year Built1929Building Size-Lot Size0.13 AC / 5,797 SF

Property Information for 1346-1348 Masselin Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: West
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Trust/Conservatorship, As Is, Court Approval Not Required
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $70,200
  • Net Operating Income: $44,285.00
  • Gross Income: $70,200
  • Cap Rate: 2.68%
  • Gross Rent Multiplier: $23.50
  • Actual Annual Gross Rent: $5,850.00
  • Actual Gross Annual Income: $70,200
  • Actual Rent Total: $5,850.00
  • Financial Info as Of: 12/31/2023
  • Vacancy Allow Dollar: $.00
  • Vacancy Allow Percent: .00%
  • Owner Pays: Gardener
  • Total Annual Expense: 25914.89
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1331
  • Lot Size Square Feet: 5797
  • Lot Location: None
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 6
  • Covered Parking: 4
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 4
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Rooms: Breakfast
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood, Carpet, Mixed
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Stackable W/D Hookup, Range/Oven
  • Common Walls: Attached
  • Cooking Appliances: Gas/Electric Range
  • Laundry: Inside, Other
  • Laundry Equipment: Own
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-11-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 1
  • Number of Dishwasher: 2
  • Number of Disposal: 2
  • Number of Drapes: 2
  • Number of Electric Meters: 2
  • Number of Gas Meters: 2
  • Number Leased: 2
  • Number Patio: 1
  • Number Range: 2
  • Number Refrigerator: 2
  • Number Rented Garages: 2
  • Number Wall AC: 2
  • Number Water Meters: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $243,605.00
  • Assessed Improvement Percent: 30.43
  • Assessed Land Value: $556,830.00
  • Assessed Land Percent: 69.57
  • Assessed Total Value: $800,435.00
  • Private Transfer Taxes: No

Property History for 1346-1348 Masselin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1346-1348 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1346-1348 Masselin Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on October 10, 2024 by ENGEL & VÖLKERS Santa Monica, it's currently listed at $1,599,000. 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. 1346-1348 Masselin Avenue is a 6-bed, 4-bath, 3,216 sqft multi-family home built in 1929.

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 ENGEL & VÖLKERS Santa Monica, Sandra Miller, DRE #01446377

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.