630 South Dunsmuir Avenue

Los Angeles, CA 90036

$2,425,000
Price
8
Beds
8
Baths
7,544 Sq. Ft.
$321 / Sq. Ft.
7,544
Sq. Ft.
$321
per Sq. Ft.

Description

TO BE SOLD TOGETHER WITH ADJACENT 8-UNIT PROPERTY AT 624 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 624 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.
  1. Listed by Jake Glaser • DRE #02128816 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 630 South Dunsmuir Avenue

Zoning
LAR4
Parcel Number
5508010018
Total Units
8.0
Living Area
7544
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
4
Lot Size Area
7800
LISTING UPDATED: 08/25/2024 01:02 PM

Property Details for 630 South Dunsmuir Avenue

StatusActive
MLS #24-425561
Days on Market49
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.18 AC / 7,800 SF
CountyLos Angeles County

Building Information for 630 South Dunsmuir Avenue

Stories2Residences-Year Built1930Building Size-Lot Size0.18 AC / 7,800 SF

Property Information for 630 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: Apt
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $199,840
  • Net Operating Income: $131,998.50
  • Gross Income: $204,042
  • Cap Rate: 5.44%
  • Gross Rent Multiplier: $11.88
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Electricity, Gas, Water, Gardener
  • Total Annual Expense: 67842
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.1791
  • Lot Size Square Feet: 7800
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 7
  • Open Other Spaces Total: 7
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Laundry: Community
  • Laundry Equipment: Lease
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 Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-08-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,675.00
  • Unit Actual Rent: $1,675.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,740.00
  • Unit Actual Rent: $1,740.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,780.00
  • Unit Actual Rent: $1,780.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,040.00
  • Unit Actual Rent: $2,040.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $122,421.00
  • Assessed Improvement Percent: 55.97
  • Assessed Land Value: $96,312.00
  • Assessed Land Percent: 44.03
  • Assessed Total Value: $218,733.00

Property History for 630 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 630 South Dunsmuir Avenue

Taxable ValueLand$98,238Additions$126,379Total$224,617
Tax Record2023$3,969 ($331 / month)
Home Facts
Total Finished SqFt7,544 SqFtAbove Grade Finished SqFt7,544 SqFtLot Size7,797 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningLAR4CountyLOS ANGELESAPN5508-010-018

Schools near 630 South Dunsmuir Avenue

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

Fairfax Senior High School
Public9 to 12

Whitman Continuation School
Public9 to 12

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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630 South Dunsmuir Avenue is a multi-family home for sale in Los Angeles, CA 90036. This property was listed for sale on August 2, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,425,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Hancock Park Elementary School, Girls Academic Leadership Academy, Dr. Michelle King School For Sci, Tech, Eng And Math and Fairfax Senior High School. 630 South Dunsmuir Avenue is a 8-bed, 8-bath, 7,544 sqft multi-family home built in 1930.

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., Jake Glaser, DRE #02128816

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.