1128 Masselin Avenue

Los Angeles, CA 90019

  • 12 Bed(s)
  • 0 Bath(s)
  • 9,206 Sqft
  • 12497
    Sqft(Lot)
$2,995,000

Description

Investor gold in miracle mile: 1128 masselin ave is a pride-of-ownership 12-unit (all 1-bed/1-bath) on an oversized 12,493 sqft lar3 corner lot that's been family-held and meticulously maintained for 30 years. three separate entrances and stairwells serve four units each (condo/tic exit potential), beautiful hardwood floors, updated dual-pane windows, a lush courtyard, on-site laundry and nine private garages (prime adu/play) keep tenants happy while delivering scheduled gross rent of $286,860/yr, a 10.44 grm and 6.67 % cap at full occupancy with more upside as legacy rents burn off ($5.39 actual cap rate fy2024). major systems are in great shape, opex is lean (~$87k/yr), and zoning + lot depth invite densification or future redevelopment. irreplaceable mid-wilshire location steps to lacma, the grove and museum row, and two new purple-line metro stations (.9 & 1.1mi) land next year, super-charging demand and appreciation. at $249k/door this asset checks every box: cash flow, value-add levers and transit-oriented growth in one of la's most sought-after rental corridors.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49517355

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Property Details

  • Bedroom Information

    • Total Bedrooms : 12

    Bathroom Information

    • Total Baths: 12
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Flooring: Wood

  • Building Information

    • Year Built: 1948
    • Building Area Total: 9,206

    Security Features

    • Gated Community

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Assessor
    • Lot Size Acres: 0.2869
    • Lot Size Dimensions: 119x105
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 12497

  • Listing Price Information

    • Original List Price: 2,995,000
    • Listing Contract Date: 2025-04-25

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5085005010

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C19 - Beverly Center-Miracle Mile
    • Postal Code Plus 4: 2520
    • Directions: https://maps.app.goo.gl/2En1ShiqZsEHJQ8g9
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: C19 - Beverly Center-Miracle Mile

    Building and Construction

    • Property Age: 77
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 9206
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/27/2025 @ 21:58

  • MLS: 25529795
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 9,206 sqft, 12,497 sized lot, and 9 parking. are nearby neighborhoods.