624 South Dunsmuir Avenue
$2,262,500
8
8
7,544
7,544
$300
Sold 10/9/24
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...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.
- Listed by Jake Glaser • DRE #02128816 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 624 South Dunsmuir Avenue
Zoning
LAR4
Cross Streets6th Street and Wilshire Blvd
Parcel Number5508010017
Total Units8.0
Living Area7544
Source Living AreaVendor Enhanced
AreaBeverly Center-Miracle Mile (C19)
Vacancy Rate3
LISTING UPDATED: 10/23/2024 01:55 PM
Property Details for 624 South Dunsmuir Avenue
Status | Sold |
---|---|
MLS # | 24-425479 |
Days on Market | 49 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1930 |
Lot Size | 0.18 AC / 7,801 SF |
County | Los Angeles County |
Building Information for 624 South Dunsmuir Avenue
Stories-Residences-Year Built1930Building Size-Lot Size0.18 AC / 7,801 SF
Property Information for 624 South Dunsmuir Avenue
Property History for 624 South Dunsmuir Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 624 South Dunsmuir Avenue
Taxable ValueLand$102,370Additions$120,712Total$223,082
Tax Record2024$4,019 ($335 / month)
Home Facts
Total Finished SqFt7,544 SqFtAbove Grade Finished SqFt7,544 SqFtLot Size7,799 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningLAR4CountyLOS ANGELESAPN5508-010-017
Schools near 624 South Dunsmuir Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 7 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Hancock Park Elementary School PublicK to 5 | ||
Richland Avenue Elementary School PublicK to 7 | ||
Fairfax Senior High School Public9 to 12 | ||
Vista Horizon Global Academy CharterK to 5 |
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.
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