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$ 5,600,000
Est. payment | /mo
8 Beds
32 Baths
21,480 SqFt
$ 5,600,000
Est. payment | /mo
8 Beds
32 Baths
21,480 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 21,480 sqft
Price per Sqft $260
MLS Listing ID 26864731
Bedrooms 8
HOA Y/N No
Year Built 1929
Lot Size 7,801 Sqft
Property Description
621 S Dunsmuir Ave, a 32 unit apartment building located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California.Built in 1929, the property consists of (24) studio units and (8) one-bedroom + one-bathroom units.The building is 21,480 gross square feet and sits on a 7,801 square foot lot.Nestled in the heart of Miracle Mile, 621 S Dunsmuir Ave offers residents a central Los Angeleslifestyle surrounded by culture, dining, and entertainment. Just steps from Museum Row, includingLACMA, the Petersen Automotive Museum, and the Academy Museum, this property places tenants at the intersection of art, history, and modern living.With a Walk Score of 95, residents enjoy easy access to local cafes, trendy restaurants, boutique shopping, and iconic destinations such as The Grove and the Original Farmers Market. Combining a prime Mid-Wilshire location with excellent connectivity, 621 S Dunsmuir Ave delivers the ideal mix of convenience, culture, and lifestyle that keeps renters highly attracted to this sought-after neighborhood. The property currently delivers an initial CAP rate of 5.38%, with the potential to reach a 7.17% CAP rate upon unit turnover.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR4
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Story 4
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5508011010
Special Listing Condition Standard
Listed by Michael Kamara Lyon Stahl Investment Real Estate, Inc. #02062158
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