Los Angeles, CA 90019 1150 Masselin Avenue
$2,895,000
21 more
Presented By: Jordan Asheghian with Lyon Stahl Investment Real Estate, Inc.;
Beds • 14
Baths • 10
SQFT • 8,768
Year Built • 1948
Home Details
1150 Masselin Ave is a 10 unit building near Miracle Mile in Los Angeles. Offers Assumable Financing at 3.15% Interest Only until 2031! The spacious 1 & 2 bedroom units average to about 877 SF each. 4 out of the 10 units have been renovated, while also offering over 54% rental upside! Brand New Roof Put in 2024. Potential ADU opportunity via SB 1211 (Buyer to Verify). The building is separately metered for gas and electric and has a new 100G water heater. 1150 Masselin has 7 total parking spaces and features a Large 9,295 SF Corner Lot Zoned LAR3.
Presented By: Jordan Asheghian with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 1150 Masselin Avenue
Bedrooms
Total Bedrooms14
Bathrooms
Half Baths0
Total Baths10
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
LivingAreaSourceAssessor
Total Stories
General for 1150 Masselin Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.45
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsSouth of San Vicente, off Masselin Ave
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income213756.0
HOANo
HeatingElectric
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet9295.0
Lot Size UnitsSquareFeet
MLS AreaC19 - Beverly Center-Miracle Mile
MobileHomeRemainsYNNo
Net Operating Income132323.0
New ConstructionNo
Number Of Units Total10
Open Parking Spaces4.0
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Year Built1948
Year Built SourceAssessor
ZoningLAR3
Exterior for 1150 Masselin Avenue
Building Area Total8768.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2134
Lot Size Area9295.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered, Driveway
Private PoolNo
SpaNo
Total Parking7.0
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
