Active
2533 Lucerne Ave
Los Angeles CA, 90016
$2,200,000
$397.83 per sqft
Active
12 Beds
5,530 sqft
Residential
Built in 1930
Very rare, West Adams 4-unit apartment building. Property near Culver City, The Cumulus District, the Hayden Tract, and The Habitat ( and West Adams) is one of the hottest and up-and-coming neighborhoods in Los Angeles. There is an opportunity for an owner to live in one of the units while renting out the others for instant income or add it to your long-term portfolio for potential future development. Gross Scheduled Income (GSI) $92,160; Expenses $28,860; Net Operating Income (NOI) $63,300; GRM 23.87; Cap Rate 4.19%. All units are INDIVIDUALLY WATER, GAS, AND ELECTRIC METERS. Low maintenance costs with fully tile flooring. Unit mix: 3 BD/2BA, 3BD/1BA, 3BED/1BA AND 3 BD/2BA. Easy access to Mar Vista, Venice, Playa Vista, LAX, DTLA and the Expo Line. BRING YOUR BEST OFFER!
24-361981
MLSⓇ ID
February 25, 2024
Listed
April 5, 2024
Updated
Map
2533 Lucerne Ave
Los Angeles CA, 90016
Interior Features
Total Stories
2
Bedrooms
12 Beds
Appliances
Gas Dryer Hookup
Laundry Description
In Unit
Floor Description
Tile
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.14 Acres
Architectual Style
Traditional
Roof
Flat, Rolled/Hot Mop
Sewer
Paid
Other Property Details
Area Name
Mid Los Angeles
Taxes
$27,060
Tax Frequency
Annually
Days on Market
8
Garage
No
Parking
Gated, Unassigned
Parking Total
8
View
No
County
Los Angeles
Water Source
Water District, Public
Pool
No
Zoning
LARD1.5
Listed by Kory Jackson with eXp Realty of California Inc
Listing Contact: 310-717-3720
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nia Mallett shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/5/2024
