650 S La Jolla Avenue, Los Angeles, CA 90048

About this property

650 S La Jolla Ave is a 12-unit multi-family apartment complex featuring 1,100 sq. ft. units, each equipped with a private balcony/patio, in-unit washer and dryers, central heating, and parking. The seller has completed two 1bd/1bth ADUs through a carport conversion and with the new AB1211 Law, an investor can add up to 6 more on the lot adding significant value. The building features a new exterior paint job, new 400amp main panel and switchgear, new electrical meters and upgraded sewer. The property has 4 carport spaces with one additional space for storage that can be leased. There are an additional 3-4 spaces on the surface lot. On the property there are 4 basement areas that house shutoff valves, central heating units and extra storage space. The property is conveniently situated near a variety of amenities, including popular restaurants and nightlife resulting in a high rental demand market making it a very appealing investment opportunity. Please do not disturb tenants, property occupied please call listing agent for details.

Listing description from the March 2025 sale, as reported to CRMLS.

Sale history

$4,300,000

Sold March 2025 · listed $4,850,000, on market January 2025 · MLS #25487787 · Source: CRMLS

Listing Agent: Adam Kanizo · Listing Office: Paloma Realty Partners, Inc. · Contact: 310-392-2436 · Bought with: Adam Kanizo · Paloma Realty Partners, Inc.

Explore Los Angeles