Property listed by Paloma Realty Partners, Inc., Adam Kanizo 310-392-2436
$4,850,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
39
Last Updated
Property Type
Other
Beds
12
Square Ft.
12,201
Lot Size
0.29 Acres
Year Built
1928
MLS Number
25487787
30 Days Snapshot Of 90048
$3,770k
+43%
(avg) sold price
14
+16%
homes sold
110
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1928, Building area total: 12,201, Levels: Two, Living area: 12201, 2 stories, 2 buildings
Cooling
None
Heating
Central
Income
Gross income: $349,810, Net operating income: $242,706
Lot
0.2871 acres, 12,504 square feet, Size: 12,504
Parking
7 totals parking, Carport
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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