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630 S Dunsmuir Ave, Los Angeles, CA 90036
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630 S Dunsmuir Ave Los Angeles, CA 90036

$2,425,000
  • 8 Beds
  • 8 Baths
  • 7,544 Sq.Ft.
For Sale
$2,425,000 Get Pre-Qualified
Map preview of 630 S Dunsmuir Ave, Los Angeles, CA 90036

Property Overview: 630 S Dunsmuir Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 7,544 living square feet and 7,800 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: TO BE SOLD TOGETHER WITH ADJACENT 8-UNIT PROPERTY AT 624 S DUNSMUIR AVE, 16 UNITS TOTAL FOR $4,850,000....624 & 630 S Dunsmuir Ave are two side-by-side 8-unit buildings in the Miracle Mile neighborhood in Los Angeles. These beautiful Spanish-style buildings boast a combined 15,088 square feet, with each building comprising 7,544 square feet. The properties feature spacious 1-bedroom, 1-bathroom units with offices, averaging 943 square feet each. The are currently 7 vacancies available across the two buildings. The charming architecture, large bright units, and hardwood floors throughout add to the allure & charm of these properties. The buildings are master-metered for all utilities, and all of the occupied units are eligible for 6% rent increases from day one after purchase. Additionally, there is an on-site laundry room in the basement of 630 Dunsmuir Ave, which is shared between the tenants of both buildings. There are also 14 uncovered parking spaces in the back of the lots. Lastly, the plumbing across both buildings has been partially replaced with copper piping. This is a rare opportunity as these properties are on the market for the first time in 50+ years. The buildings sit on separate R4 parcels totaling 15,597 SqFt of land and must be purchased together.

Listed by Jake Glaser | BRE #02128816 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 10 minutes ago | Last updated: August 25th, 2024 | Source CRMLS | DOM: 47

Home details

Lot Sq. Ft
7,800
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24425561
City
Los Angeles
County
Los Angeles
Time on Site
42 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,740
  • Total Rent: $1,740
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,040
  • Total Rent: $2,040
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,780
  • Total Rent: $1,780
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.44%
  • Gross Rent Multiplier: 11.88
  • Gross Scheduled Income: --
  • Net Operating Income: $131,999
  • Gross Operating Income: $199,840
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 630 S Dunsmuir Ave

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Property Details for 630 S Dunsmuir Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 8
  • Parcel Number: 5508010018
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Middle of the block on Dunsmuir between 6th St and Wilshire Blvd. East side of the street.
View more facts & features

Local Los Angeles Agent

Sale History for 630 S Dunsmuir Ave

View property's historical transactions

  • August, 2024

  • Aug 2, 2024

    Date

    Active

    CRMLS: 24425561

    $2,560,000

    Price

Tax History for 630 S Dunsmuir Ave

Assessed Value (2020): $209,596
Year Land Value Improved Value Assessed Value
2020 $91,624 $117,972 $209,596

Home Value Compared to the Market

This property vs the competition

630 S Dunsmuir Ave is listed 102.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $321.45 per/sqft which puts the price per square foot 58.14% lower than the median price per square foot for the city of Los Angeles.

About 630 S Dunsmuir Ave

Detailed summary of property

630 S Dunsmuir Ave is a multi family located in Los Angeles, CA 90036 and is currently for sale. This multi family property offers 8 bedrooms, 8 bathrooms, roughly 7,544 living square feet, and sits on an approximately 7,800 square foot lot. 630 S Dunsmuir Ave was first listed on ArdentRealEstateGroup.com on August 8, 2024. The homeowner is currently asking $2,425,000 and was originally asking $2,560,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 102.08% higher than the median priced home. Local competing homes currently for sale include 1315 S Longwood Ave, 1146 S Stanley Ave and 1349 Meadowbrook Ave. While the average home in Los Angeles, CA is selling in 106 days, 630 S Dunsmuir Ave has a days on market of 47 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 630 S Dunsmuir Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 630 S Dunsmuir Ave

Public county record property details
Beds
8
Baths
8
Year built
1930
Sq. Ft.
7,544
Lot Size
7,797
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
231
APN
5508-010-018

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,199,000
Median List Price/Sq.Ft.
$937
Median Sold Price
$1,675,000
Median Sold Price/Sq.Ft.
$754
Total Inventory
31
Median Sale to List Price %
95.71%
Avg Days on Market
31
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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